jeudi, janvier 03, 2019

03.01.19 contribution 1, national debate, president, loan, interest, poor, incineration

blog: madic50.blogspot.com / Book: The Two forms, ed. Amazon

Paris, Thursday, January 3, 2019

CONTRIBUTION (1) TO THE NATIONAL DEBATE WISHED BY THE PRESIDENT OF THE REPUBLIC IN 2019

1. Preamble
I know from experience that the function of the poor is to pretend to believe what state officials tell about themselves or their activities.

So, as the President of the Republic says he wants to consult the French in the wake of the Yellow Vests Movement, I submit to the public debate the presentation of two reforms.

1- One would increase not purchasing power but the availability of purchases of the poor and avoid their misery leads them mechanically to bankruptcy.

2- The other would allow to accompany the poor with dignity in their last home.

Part 1: Borrowing for the poor

2) - Organized plunder
If the government wants to "give back" or "give" "purchasing power" to the poor, create "social justice", it can decide to stop the private looting of their treasuries.

The yellow vests forced the authorities and the media to recognize that from now on:
a- The poor and the average wage earners resort to borrowing to balance their ordinary budget.
b- The only loans that are within their reach, in any case that of the poorest, is the loan at 19%.
c- They are excluded from all others.
d- The instrument of exclusion is the rejection of proof of income.

This loan is therefore primarily created for people in financial difficulty and it organizes the looting of the cash of the most vulnerable.

3) - The specificity of the loan
This loan has the particularity that it doubles the debt.
a- For 1000 euros borrowed, the refund is 2000 euros.
b- Repayment should be at 3% or 4% interest depending on current rates.

When we look at a refund sheet, we see that it includes:
a- The sum borrowed,
b- Interest at 19%
c- Insurance
The result is the payment each month of twice the amount borrowed.

Here is an example (see the document in PS)
1- 14/11/2018 Previous monthly payment withdrawal including
capital: 18,10 € /
interest: 12,15 € /
insurance: 5.75 €
(Total) 36.00
14/11/2018 Interest (including insurance) 17,90
2- Amount of the due date to collect on 14/12/2018: 39,00 €
Of which capital: 19,15 € | interest: 13,16 € | insurance: € 6.69.
Number of remaining monthly payments (estimate): 35 (including this one)
Rate following the outstanding amount of your standard uses:
Annual Total Effective Rate (APR): 19.130% /
Average Monthly Debt Rate (MCT): 1.469%
Monthly rate of the insurance borrower: 0.700%, applying on the balance remaining due.
Total amount payable: 39,00 €

4) - The risk argument
The argument of the lenders is that of the risk they take to lend to people who are likely to flee.

To stigmatize bad payers, these same lenders say that 95% of borrowers normally pay back.

The French do not live in the desert. They live in a society of law that has long provided lenders with the means to get their money back.

The few times lenders are there for their expenses are the cases where they lend money equivalent to capital to people they know they will not be able to repay at the slightest hitch.

This is the definition of Subprimes. The famous crisis of 2008 was a voluntary fault on the part of the lenders.

In the 1990s, with revolving credit, the attack on the poor by soft loans was so brutal that the government had to urgently take bank guarantee measures for borrowers and moralizing for lenders.

Even in these circumstances, the lenders were beneficiaries.

The over-indebtedness caused by this looting is the main serious cause of bankruptcy of the borrower.

5) - Insurance
There is no justification for the payment of insurance to borrow a sum of 1500 or 2000 euros.

These unjustified assurances are only an artificial means of looting.

In fact, the lender makes the borrower pay, with profit, as a commercial service, an insurance that concerns only him.

6) - The right of looting
The only justification for this doubling of the amount reimbursed is the abuse of position vis-à-vis vulnerable people, without defenses, who are obliged to go through these conditions to pay basic necessities; furniture or holidays are part of it.

It is a right of plunder that these people give themselves. As the lords imposed on the peasant women a right of cuissage.

This looting is in itself a major cause of undue impoverishment of the poor.

a- For most of them, the couch or TV bought by this credit will result in a reduction of meals or their quality.

b- For some, this looting leads to the ruin of overindebtedness. This can result in the loss of housing and thus employment, etc.

Nothing, no honest economic disposition, justifies this device of looting.

7) - The solution,
The government can act so that:
a- These rates combine with ordinary rates.
b- These redundant insurance is taken care of by the lender.
In that case :
a- It would "give" or "give" then "purchasing power" to the most vulnerable.
b- It would better equip poor households.
c- It would increase the demand.
d- It would avoid the disorders of over-indebtedness.
e- It would not be in any way a commercial danger.

Or, it should be honest to include the right to plunder, the benefit of the abuse of weakness, in commercial law.

The sums involved are so great that there is no risk that the lenders will stop lending.

Everyone knows it.

Part 2: Incineration of the poor

On Friday, April 18, 2014, I addressed a letter to the Prime Minister regarding the incineration of the poor.

The Yellow Vests forced the authorities to recognize that they never reply to letters sent to them by ordinary people.

The question is simple: the poor can not afford to be buried or cremated under current commercial conditions.

A way must be found to market the least expensive departure or to ensure that the community can bear the costs; which is also to reduce the costs.

Today, in our movement society, the only way to ensure the dignity of the dead is cremation.

Burial is no longer appropriate.
a- It has become too expensive.
b- Land issues make cemeteries relocate.
It is a massive fact that the tombs are abandoned simply because of the dispersion of families.
d- The sale of the funerary vaults of the Prouvost family should encourage humility as regards tomb eternity.

It is pure hypocrisy to pretend to give burial to people who can not afford to pay a grave, nor to move to honor their dead.

The common wrong then takes its full dimension mortuary discharge.

For the poor, incineration allows:
a- reduce costs to a minimum by leaving only the professionals the path of reduction of bodies into ashes (collection of the body, driving to the local crematorium, incineration).
b- pay homage to the dead by the only ceremony of dispersion of ashes. It is made on an area of ​​land of 3m in diameter that serves every day. The employee who disperses the ashes does not carry out any expensive technical manipulation.
c- The religious ceremony, if any, can be held at this time.
d- In case of miseries or loneliness, associations can provide for families or relatives.
e- create a website for the collation of the dead and their qualities.

Incineration also makes it possible to operate on site and possibly only move the ashes or retain them until the arrival of relatives.

All this should bring down prices significantly.

It becomes possible to:
to create tariffs accessible to low-income people.
b- allow associations and communities to cover these reduced expenses; in part or in whole.

I do not see how burial in a mass grave would cost the community less than cremation reduced to the simplest.

The question of the dignity of bodies outside public observation depends on the morality of the public or private administrations, which are then the responsibility of the Minister of the Interior and by no means a contractual one.

Conclusion
Such arrangements for cremation would be far more respectful of the poor than burial in a mass grave in an eccentric cemetery.

More and more French people will be cremated. This practice is much better adapted to modern life. It is widespread in other European countries.


Marc SALOMONE

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