4 ms·
In my little world "Rent-Seeking" individuals have always been around. Personally, I couldn't stomach making money off the poor, animals, or the environment,
by marincounty 12y ago
In my little world "Rent-Seeking" individuals have always been around. Personally, I couldn't stomach making money off the poor, animals, or the environment, but for some people it just doesn't matter how they make their money. "If it's legal, I see nothing wrong with it?". They are in such denial, some think they are cute? The one's in my little world think no one knows, but we do know. You can be the Doctor who charges too much for addictive meds, the non-profit director who makes a very comfortable living off other people misery.(free preview Guidestar.), or the rich kid who made millions off plastic tooth picks(which don't decompose) and moved to another state to get away from daddy(inventor, funder, bank, cheerleader), dodge taxes, and act like Horatio Alger.
What I want to talk about is Payday loans. We need something
else. My first introduction to these leach pits is when I drove a co-worker to the pit. She cashed a check for under $200 and was charged close to twenty dollars. (I tried to explain how she was being exploited, but she was just tired.
Tired of life. I didn't give her a lecture. It was not the time--she just climbed out of Homelessness.)
Elisabeth Warren has a good idea on replacing PayDay loans.
http://thinkprogress.org/economy/2014/02/03/3239261/elizabeth-warren-post-office-financial-services/ http://thinkprogress.org/economy/2014/02/03/3239261/elizabet...
(Sorry about the popup, and remember Payday loans are not always dischargable in Bankruptcy court. The payday loan lender may challenge the discharge of its debt, and it might violate the law if you've written a post-dated check.)