Debt is not inherently bad; it belongs to someone else. The goodness or badness of debt depends on the circumstances, terms, and conditions of borrowing, and it is not necessarily negative. Debt should be acquired when I have a stable income or additional profits to invest, rather than for consumption. However, you should avoid using it for highly volatile investments, such as cryptocurrencies or stocks. You need to control the debt; it is considered good when you can manage it under conditions that allow you to repay both the principal and interest. The advantage of debt is that it provides the opportunity to grow faster than others in a competitive environment. Debt belongs to someone else. This is the key. - Joseph’s “just my thoughts”
Not all of them, but conservatism seeks to maintain vested interests , while liberalism aims to reform them. Although most wealthy individuals tend to adhere to conservatism, the poor generally support liberalism. However, when it comes to voting , the poor often choose conservatism because liberalism presents a realistic view, whereas conservatism embodies the future that the poor envision in reality. The world is not so simple. - Joseph’s “just my thoughts”