This cut is there to help THE RICH MAN not the average person on the street:
Rich man has houses worth millions and outstanding bonds (debt)
Rich man drives around in cars worth R500 00 plus (debt)
Rich man has 5x diff credit cards (debt)
so down come the rates and Mr RICH MAN now goes out and makes more debt, buys bigger car etc etc
An average man on the street:
Has no bond/some hire houses (no debt)
Car is paid off/some no cars (no debt)
Has NO CREDIT CARDS – can’t get one, don’t want one (no debt)
POOR MAN pays the same as MR RICH MAN for rates & taxes, water, electricity etc,
same for BREAD, MILK, MEAT etc etc
SO WHO IS THIS INTEREST RATE CUT HELPING ........ONLY THE RICH !!!!!
I have spoken to many people re this and they all agree
QUESTION?? Do you
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