The Internet will not become a money machine until the banking industry figures out how to transfer money for free so you can charge USD 0.005 (half a cent) for some simple service like, say, reading a newspaper article you have searched for. With today's payment system, the cost of the transfer of the funds completely dwarf the cost of the service paid for. … This situation, however, is what acutely prevents the Internet from taking off as a network for paid services.
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Re: is it ok if I quote?Erik Naggum
Nobody is entitled to someone else's money, that is the bottom line. People think they are entitled to it because hey think they paid into it, nobody paid into anything, it was a fraud. Every single dollar that the gov collected in social security taxes, has already been spent, there is nothing there, there is no money, so the only money the government gets to make current payment is the money it can take from people who are still working. Its a transfer from the working poor in many cases to the retired rich. We don't have the money, I feel bad for the fact people made promises we can't keep, I feel bad for the people that invested with Bernie Madoff and lost their money, but its the same principle, its the same Ponzi scheme. We have to put an end to it, we have to find real solution to these problems because if we keep on denying that they exist and keep on spending money, we're going to destroy the value of everyone's benefits.
Peter Schiff
In June 1970, a big earth-moving machine got stuck in the mud. It sank so far as to be out of sight. It cost much money to get it out. Who is to pay the cost?
Alfred Denning
It's funny how the music industry is enraged about the Internet and the way things are copied without being paid for. But you know why people steal the music? Because they can't afford the music. I'm not condoning downloading music for free. I don't think that's really fair, but I understand it. If you brought CD prices back down to $8.98, you would solve a lot of the industry's problems.
Tom Petty
The schoolboy whips his taxed top; the beardless youth manages his taxed horse with a taxed bridle on a taxed road; and the dying Englishman, pouring his medicine, which has paid seven per cent, into a spoon that has paid fifteen per cent, flings himself back upon his chintz bed which has paid twenty-two per cent, and expires in the arms of an apothecary who has paid a license of a hundred pounds for the privilege of putting him to death.
Sydney Smith
Right trusty and well beloved, we greet you well. And forasmuch as the King’s good grace hath appointed me to attend upon his highness into the North parties of his land, which will be to me great cost and charge, whereunto I am so suddenly called that I am not so well purveyed of money therefore as behoves me to be, and therefore pray you as my special trust is in you, to lend me an hundred pound of money unto Easter next coming, at which time I promise you ye shall be truly thereof content and paid again, as the bearer hereof shall inform you: to whom I pray you give credence therein, and show me such friendliness in the same as I may do for you hereafter, wherein ye shall find me ready. Written at Rising the 24 day of June.
Richard III of England
Naggum, Erik
Nagin, Ray
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