Buddhism aims for a debt-free world
The reason why I hate debt and say I want to ban it is because I want to free humanity from the control of money and restore sovereignty to the human side, but where does the energy that motivates me come from?
It seems to come from Buddha.
I think it comes from the teachings of Buddhism. And Buddha is mercy, so if you follow the guidance of mercy, you will never be able to forgive debt itself. This is because one of the fundamental teachings of Buddha is
"Know what is enough. "
And there is nothing that is more "not knowing what is enough" than debt.
"Oh, I want this. I want that. But I don't have the money. I guess I can just borrow."
What a shallow thought! There is no way that someone who doesn't have money now will have money later. Moreover, later on, their debt will increase. Debt does not solve anything. Far from solving the problem, it makes the situation worse. And even the things that you have acquired through debt will be taken as collateral for the debt and you will have to give them up, and in the end, all that is left is debt. What are you doing?
In general, debt is designed to harm humanity, almost like a fraud. Let's think about it for a moment. Suppose someone approaches you with a kind face and says,
"Give me $1."
Why should I have to give him $1 for free? Of course you'll refuse. So he says,
"Give me $1 in a year."
Why should I have to give them $1 in a year? You'll refuse after all. So he says,
"I'll give you $10, so give me $11."
That would be a loss for me, wouldn't it? Of course you'll refuse. But he still won't back down. This time he says,
"I'll give you $10 now, so give me $11 in a year."
What are you talking about? After all, it's only a loss of $1. No one would fall for a trick like that. That's what I would like to say, but for some reason, everyone falls for it this time. This is what it means to borrow money at 10% annual interest. You were tricked by him and he took $1 from you. It's the same as fraud. Isn't debt fraud? And he says nice things like "I'll lend you money" and act like he is doing you a favor. That's bad.
The lender justifies it by saying "profit of the term", but that's only if they reinvest the borrowed money in business funds or something and make a profit of 10% or more. And do they really do that well? That's what they call
"counting your chickens before they hatch".
Also, even if you buy something with the borrowed $10 and use it for a year, it doesn't make money. So what will you do a year later? This time you'll have to pay $11, not $10. In the end, you'll end up paying more than the value of the money in use.
And the lender gets a profit of $1 a year later without doing anything at all, without working. It's the ultimate passive income. Debt is a system where money makes money. It's a system where the rich get richer and the poor get even poorer. In other words, as long as the debt system exists, the gap will only widen. And that's how it is today.
If Islam forbids interest, Buddhism denies debt itself.
That's how it works.
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