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Well, yeah -- once you've squeeezed all the money out of poor people, how else are you supposed to squeeze even harder?
by jjoonathan 4y ago
Well, yeah -- once you've squeeezed all the money out of poor people, how else are you supposed to squeeze even harder?
- bombcar 4y agoAs implied in another comment, the real solution is one people don't want to consider - forbid people from taking debt on in certain circumstances. But this immediately appears as "unfair" even if predatory lending is a huge problem. Meanwhile those who already have some money wouldn't be affected by it much, for example, a law requiring all credit cards that charge interest on balances to be secured ones (where if you have a $1k credit line you must have $1k cash/cash equivalent in the bank).