Comment 97030

By Joshua (registered) | Posted January 21, 2014 at 23:00:28

Jane Dough,

I didn't know there's a bill in the works to lower the usury rate. That'd be good to know more. I'm assuming that this'll be a federal bill, as the interest rate's set in the Bank Act and other federal law, eh? Personally, I think it's a great idea.


Your question echoes my own. I had no idea that zoning could disallow certain types of businesses to be established, but I could see how those who espouse a free-market ideology would chafe at just such governmental regulation. It's a question of urban planning.


The micro-lending approach I wrote of above runs into some difficulties with the provincial Payday Loans Act, so that's something to consider. These difficulties include that loans under $5,000.00 need their lender to possess a lender's licence, something I'm sure many churches just don't want to do: something about keeping money out of the temple and over-turned tables may have something to do with such a position.

David Graeber's 'Debt: The First 5,000 Years' states that the common element of every revolutionary programme was two-fold: first, destroy all tax, debt, and property records and second, re-distribute the land.


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