Sanders, Ocasio-Cortez Propose 15% Cap on Credit Card Interest

MB1

Neo Member
Apr 30, 2019
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52
95
The far left are economic illiterates. They have no damn clue.

Can some fucking moderates take back control of the party?
You do realize this was the policy before the 70s right? You also realize most Americans agree with Warren, Sanders, AOC. They want high marginal tax rates, a wealth tax over 50 million and a Wall St transaction tax.

Oh and when they bailed out the banks they should have nationalized them.
 
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MB1

Neo Member
Apr 30, 2019
99
52
95
Price control has never worked and will never work.

Why are leftists so committed to their garbage ideology when we have hard data that proves their ideology is evil and garbage.
Price controls work just fine for health insurance in every other peer country.
 
Oct 26, 2018
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Problem with finances is most people are morons.

A credit card should only be used in the following situations:

1. You can pay it off right away or can handle a small balance with a little interest you know you'll pay off soon
2. You have control and don't go nuts maxing it out buying dumb shit
3. You are totally desperate, every other avenue is a roadblock, and the very last means of getting money to pay for something important is credit card debt

If you fall into these points, use a credit card. But if you aren't, don't do it. Pay cash or debit and live with the money you got bit by bit.

People are lazy fucks too. Every bank will send people promotional offers to get them to sign up for Line of Credit accounts. These accounts are typically Prime + xxx%. If you have great credit, it might be Prime +0-2%. If your credit isn't the greatest it might be Prime +5%. So even if you barely qualify with sketchy qualifications, you should still pay at most 8-10%..... which is still way better than most credit cards which are around 15-25%.

But what do people do? They get those bank mailers or email saying to sign up for a Line of Credit and they toss them in the garbage. But somehow have no problem getting a credit card going on debt and paying 22%.

Great logic.