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Are you also proposing to get rid of rents of all kinds? If I buy a house/ship/combine with my $100k and rent it out rather than lend the cash to someone is th
by aeternum 4y ago
Are you also proposing to get rid of rents of all kinds? If I buy a house/ship/combine with my $100k and rent it out rather than lend the cash to someone is that somehow better and now allowed?
If tangible assets have rental fees, then why doesn't money?
- User23 4y agoSee Aquinas for details[1]. But in short usury is selling the same thing twice, which is immoral. As an example, rent to own is a reasonable and moral way to structure a real estate transaction without interest. It’s all about sustainability. Lending at interest requires borrowers, in aggregate, to acquire more funds than the monetary system can provide. It’s clearly immoral to impose conditions that are impossible to meet. [1] https://www.newadvent.org/summa/3078.htm https://www.newadvent.org/summa/3078.htm