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this. and wile i agree that we do need to either eliminate, or severely curtail, the payday loan industry, poor people still make bad decisions. the payday loan industry does provide a function, but interest rates of 500%+ apr are beyond usury, and that practice needs to be stopped. i say cap them at 30% like credit card interest rates. no reason to borrow $1000 and have to pay back $15000.
You are messing with the free market. Wont fly with many here.
this. and wile i agree that we do need to either eliminate, or severely curtail, the payday loan industry, poor people still make bad decisions. the payday loan industry does provide a function, but interest rates of 500%+ apr are beyond usury, and that practice needs to be stopped. i say cap them at 30% like credit card interest rates. no reason to borrow $1000 and have to pay back $15000.
Usury at ANY rate is an abomination and is simply a method of stealing wealth from others. It creates a parasitic "financier" class that produces nothing for anyone. The concept that the hording of money tokens should allow one to amass even more money tokens from others is a dream of slave-owners. The idea that money tokens produce anything is absurd. People produce value, not money. Money is only a medium of exchange. But then I believe this is so because I am not a money-changer or shylock.
I suspect many problems are due to the inability of many of our citizens to read and comprehend.
We see it here everyday. The jails are full of people who cannot read.
I was grown before I finally figured out why they put pictures on all the stuff in the grocery store. A nice older man was having trouble locating a certain brand on a product and asked for help.
I always thought it was mainly for those who don't speak English as a first language.
What leads you to believe those with a low IQ have the apptitude for a job in the trades?
Typically people pushing "the trades" are college educated and think they're smarter than everyone else. And by "trades" they mean something for stupid people to do, because that's how they view that kind of work.
Typically people pushing "the trades" are college educated and think they're smarter than everyone else. And by "trades" they mean something for stupid people to do, because that's how they view that kind of work.
Beneath them.
Ad nothing could be further from the truth. There a lot of stupid people who work in cubicles and there are quite a few trades that are demanding both physically and mentally. Plus others that require courage and quick-wittedness - think underwater welders, oil rig workers and commercial fisherman.
You are messing with the free market. Wont fly with many here.
there is a difference between free market and usury. again if you dont want to eliminate the payday loan markets, and here in arizona the public decided not to, at least limit the legal interest rate that can be charged to something reasonable.
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