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tmac-100
Joined: 23 Nov 2006
Posts: 137
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 Posted: Fri Dec 24, 2010 5:29 am Post subject: |
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| elmoro wrote: |
NCTBA wrote:
...funny, a few years back, one of my colleagues played monopoly with his indigenous students and he noted how interesting it was to watch. he said that it was all spend, spend, buy, buy, build, build. another one of my colleagues, that same year, said that when explaining a chapter on economics, he found it interesting that they really didn't seem to understand that spending more than you make is not a good thing. |
It also happens in other countries - but there they cover it with increased taxation. A former Prime Minister of Canada increased the national debt by 1100% - yup. He is still highly reverred by many. When I remind folks that our high tax rates help to cover those past excesses, they stop talking ... I also mention the excesses spent on the Vancouver and Montreal Olympics and then there is a change to another subject 
Handling increased debts becomes REALLY problematic for many folks in January after they are faced with the realities of "excessive spending" in December for ... {insert the who-knows-why reason here}.
Yup, not just in the UAE. Just look at your own home and native land  |
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eha
Joined: 26 May 2005
Posts: 355
Location: ME
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| Posted: Sun Dec 26, 2010 6:49 pm Post subject: |
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'Just look at your own home and native land :wink'
My native land's Ireland, and I'd prefer not to look at it just now..... |
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