"Is money the root of all evils"???. Well, I agree to a certain extent but if it was properly managed then it could be the contrary. Most attractive distractions normally would not escape the eyes of the rich 'cause there was always the tendency to pick up things randomly which would later add to their collections of "redundant things" found lying in the house collecting dust. I know of a rich friend who would lavish and shower the kids with branded clothes, travelling first class, eating at the posh restaurants and staying in the five-star hotels. His passion for earning fast money to meet the undying demands and maintain the rich status for his family drove him to invest his extra money with a Swiss bank initially "promised" quick returns. As a family man, he thought that he was doing the right thing after being pestered coupled with much persuasion from his friends who assured him that the scheme was not a SCAM. He was very much impressed by the testimonials shown to him that some investors earned ten-folds of the amounts invested. He waited for almost a year, hoping against hope, for his handsome returns but it never come. Suddenly, he realised that it was a SCAM by then there was no turning back. He entrusted that huge investments to those friends/introducers. When he tried to locate them, they had disappeared into thin air with his money. His greed turned him into almost a pauper and is living on a very tight budget with no more frills like before for the family.
There were several top government servants and some rich people whom I have heard of even borrowed money from the Banks to participate in the "become rich overnight" schemes. They too were conned by the SCAM and had lost thousands and thousands of dollars. These people might have the means to repay the bank loans but those middle-class borrowers charged their land titles as securities just absconded but later faced the legal actions from the Banks.
During the weekends, the punters could be seen at the Horse Racing ground looking for tips from the horse-owners and jockeys. This is one place where even the labourers and low-earners could try their luck. The reason is that even punters with as little as $10.00 can place their bets on their favourite horses for five races as each ticket costs at $2.00 only. In order to discourage the punters from betting, I would suggest that each ticket be sold at a minimum price of $10.00 to prevent some die-hard labourers and low wage-earners from placing their bets.
This is another place where not only the low wage-earners, labourers but the rich as well would frequent the betting counters most for the "4-Digits bettings". The bet per ticket is only $1.15 including the government and service taxes. I heard of some house-wives pinching part of the daily allowances for buying foods to try their luck on the 4-Digits bettings which are held three times a week. One can read in the newspapers that these organisations are reaping in millions of dollars yearly at the expense of the punters. The Government should address this issue by not only allowing special draws to be held during the week-days but also to reduce the number of draws per week. Just like in the case of the horse racing bettings, they should increase the betting to $5.00 per ticket which may not be within the means of some punters as a means to check them out.
All these boiled down to all forms of gambling like playing the slot machines, buying shares in the stock markets, placing bets on the horse racings and 4-Digits numbers, etc. A few millionaires, middle-class working people and even politicians spent almost 24 hours addicted playing the slot machines (known also as the one armed bandit) in the Recreation clubs throwing away their "easy come and easy go money" whereas there are some who threw away their "blood" money earned with sweats. Most of them lost so heavily in the matter of days thus forcing them to dispose of almost everything in their possessions. For some rich gamblers, they would dispose of their few big bungalows and expensive cars but the poor ones would have to borrow money from the illegal money-lenders who would charge them with very high interests to pay off gambling debts. This was not the end of it, if they were unable to repay the debts to the "Alongs", some would end up committing suicides leaving the trails of unaccountable debts behind as legacies for their poor families. These so-called illegal money lenders or "Alongs" would continue to harrass the victims and their family members by hurling abusive languages, throwing red paints on the cars, painting huge vulgarish words on the walls of the houses. Some of the victims were beaten up physically for failing to pay daily/weekly high interests to the Alongs on time. There is always a question which remains "unanswered". Why have the local authorities never stopped issuing nor renewing permits/licences which would act as a deterrent to check but instead allowed new applications for more slot machines to spring up like "mushrooms growing overnight" in some towns. Another source which contributes such MENACE is the "Alongs" or illegal money lenders. No doubt, one may say that the prerogratives lie with the borrowers. If there were no "Alongs" or so-called "financial assistances" providing "easy to borrow money" to these people then the ideas of re-couping the losses would not arise. When the gamblers are in the heats of losing money, they could not think straight thus exposing themselves to irrational, irresponsible and selfish thoughts and actions..
The Local Government Ministry should tighten up controls to eradicate such illegal activities deployed by the Alongs from causing more destructions to the lives of those bread-winners (some to the extent of committing suicides) and the break-ups of some innocent peace-loving families. Stern actions should be taken to eradicate the existence of the "Alongs" who are lending out "easy money" on the spot with or without securities (as the Banks would take a few weeks to approve the loans after sighting the securities only), to reduce the number of slot machines at the Recreation clubs, to impose more strict and stringent restrictions by allowing ONLY THE TOURISTS to enter. Then, at the end of the day, I believe the families will live in peace and harmony. These illustrations are based on actual facts.
Money could be said is "not" the root of all evils provided it is managed well and proper but compulsive gamblings such as investing in "get rich overnight schemes" frequenting the horse racings, uncontrollable bettings on 4-Digits, playing the slot machines (one armed bandits) and the likes are the ones responsible for destroying many happy and innocent families.
There were several top government servants and some rich people whom I have heard of even borrowed money from the Banks to participate in the "become rich overnight" schemes. They too were conned by the SCAM and had lost thousands and thousands of dollars. These people might have the means to repay the bank loans but those middle-class borrowers charged their land titles as securities just absconded but later faced the legal actions from the Banks.
During the weekends, the punters could be seen at the Horse Racing ground looking for tips from the horse-owners and jockeys. This is one place where even the labourers and low-earners could try their luck. The reason is that even punters with as little as $10.00 can place their bets on their favourite horses for five races as each ticket costs at $2.00 only. In order to discourage the punters from betting, I would suggest that each ticket be sold at a minimum price of $10.00 to prevent some die-hard labourers and low wage-earners from placing their bets.
This is another place where not only the low wage-earners, labourers but the rich as well would frequent the betting counters most for the "4-Digits bettings". The bet per ticket is only $1.15 including the government and service taxes. I heard of some house-wives pinching part of the daily allowances for buying foods to try their luck on the 4-Digits bettings which are held three times a week. One can read in the newspapers that these organisations are reaping in millions of dollars yearly at the expense of the punters. The Government should address this issue by not only allowing special draws to be held during the week-days but also to reduce the number of draws per week. Just like in the case of the horse racing bettings, they should increase the betting to $5.00 per ticket which may not be within the means of some punters as a means to check them out.
All these boiled down to all forms of gambling like playing the slot machines, buying shares in the stock markets, placing bets on the horse racings and 4-Digits numbers, etc. A few millionaires, middle-class working people and even politicians spent almost 24 hours addicted playing the slot machines (known also as the one armed bandit) in the Recreation clubs throwing away their "easy come and easy go money" whereas there are some who threw away their "blood" money earned with sweats. Most of them lost so heavily in the matter of days thus forcing them to dispose of almost everything in their possessions. For some rich gamblers, they would dispose of their few big bungalows and expensive cars but the poor ones would have to borrow money from the illegal money-lenders who would charge them with very high interests to pay off gambling debts. This was not the end of it, if they were unable to repay the debts to the "Alongs", some would end up committing suicides leaving the trails of unaccountable debts behind as legacies for their poor families. These so-called illegal money lenders or "Alongs" would continue to harrass the victims and their family members by hurling abusive languages, throwing red paints on the cars, painting huge vulgarish words on the walls of the houses. Some of the victims were beaten up physically for failing to pay daily/weekly high interests to the Alongs on time. There is always a question which remains "unanswered". Why have the local authorities never stopped issuing nor renewing permits/licences which would act as a deterrent to check but instead allowed new applications for more slot machines to spring up like "mushrooms growing overnight" in some towns. Another source which contributes such MENACE is the "Alongs" or illegal money lenders. No doubt, one may say that the prerogratives lie with the borrowers. If there were no "Alongs" or so-called "financial assistances" providing "easy to borrow money" to these people then the ideas of re-couping the losses would not arise. When the gamblers are in the heats of losing money, they could not think straight thus exposing themselves to irrational, irresponsible and selfish thoughts and actions..
The Local Government Ministry should tighten up controls to eradicate such illegal activities deployed by the Alongs from causing more destructions to the lives of those bread-winners (some to the extent of committing suicides) and the break-ups of some innocent peace-loving families. Stern actions should be taken to eradicate the existence of the "Alongs" who are lending out "easy money" on the spot with or without securities (as the Banks would take a few weeks to approve the loans after sighting the securities only), to reduce the number of slot machines at the Recreation clubs, to impose more strict and stringent restrictions by allowing ONLY THE TOURISTS to enter. Then, at the end of the day, I believe the families will live in peace and harmony. These illustrations are based on actual facts.
Money could be said is "not" the root of all evils provided it is managed well and proper but compulsive gamblings such as investing in "get rich overnight schemes" frequenting the horse racings, uncontrollable bettings on 4-Digits, playing the slot machines (one armed bandits) and the likes are the ones responsible for destroying many happy and innocent families.
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