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10-15-2008, 05:58 PM
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Confirmed User
Industry Role:
Join Date: May 2002
Location: Malaysia
Posts: 3,376
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Is Debt Essential In Big Business?
Ive never taken a loan in my life and ive had moderate success...... and I know that India and China are lot less leveraged than we are in the west.
Cant you build a big business without taking loans? Why is leverage so essential? Why not just operate according to what you have and live within your means? Maybe im being naive here..... Perhaps governments should just reduce income tax commensurate to the cessation of allowing people to offset loans against income. Once you stop offset, you should reduce incentive no? |
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