He canceled her order because she didn’t tip 😬 What do you think – was his action justified or not? pic.twitter.com/KPtWwt8Izm

— Clown World ™ 🤡 (@ClownWorld_) February 2, 2024

Followup from our protagonist.

The gag is I co-signed for my siblings law school loan. She says she'll make the payments once she gets into Big Law buttttt Im still on the hook regardless :/

Pure distilled poorcel in this account. Any day now he will post a screed about needing to budget or getting a messy expensive divorce

My mom went through something similar. Student loans don't get treated the same way a normal loan would where the bank expects it paid off by a certain date and adjusts payments to get you there.

Yep, I've even seen loans where the minimum monthly payment doesn't cover all the interest, so you don't even get a chance to pay your principal unless you up your payment. People just need to be more educated about their finances.

“People just need to be more educated about their finances” is exactly how they want you to react. Blaming and shaming others in the work force instead of going at the people who created this sick cycle 😂😂

Putting the blame of a broken system on the user of the system, not the creator, takes a special type of brainwash.

That honestly should be criminalized.

When getting involved with a loan structure like that, the governing body giving out the loan should basically spell it out with a crayon saying, with this payment, you will pay us for 1000 years at a total of $2000000 dollars on your current $5000 loan.

It sometimes doesnt even cover interest. My minimum payment right now is like less than 1% of my total loan. Its actually probably closer to 0.1%

Anyone here know what "minimum" monthly payment means?

Lmao at everyone “you signed a contract, you knew what you were doing when you signed the loan”

For the vast majority of people this is flatout un true. Show me an 18 year old that understands interest, debt, rates, amortization, contracts or even how to fricking wash themselves properly .

Should we make it illegal to give loans to 18 year olds?

No, but a basic financing course should be mandatory in high school

It is in most.

[citation needed]

Compound interest is taught in algebra class. Looks like the gifted children of reddit forgot that

Explain to me how it is fair for those who took responsible and reasonable loans, sacrificed early, didn't have a 4 year full out party experience, and majored in things that are actually in demand, and now have to watch this cancel loans debacle?

I went to college without scholarships, couldn't afford to live on campus, worked 25-30 hours a week, and only took the minimum loans I had to.

This cancel bs seems want to reward the behavior of maxing loans and selling votes for handouts….. disgusting.

Oh? This is where you're butthurt? You did it the right way, and all these people are now getting a free hand out?

Here's how to digest the truth of it. Thank you for becoming an educated adult. We need those. Those other people? The ones being forgiven? They DID NOT KNOW this would ever happen for them. They were fully prepared they thought at the time, and offered high interest predatory loans that didn't exist 30 years ago.

People act like they're talking about the same loans as cars and houses. That is not what these are. They're designed to trap borrowers. They were introduced in the last decade or so, and people in good faith took them out because the gospel became ‘you must have a university education' and it's complete bullshit. We also needed trades people, and now we're seriously fricked because there aren't enough skilled tradespeople. There's a major crisis going on in aviation for example, there are almost no mechanics. A local place offered my son a full salary for a 3-year apprenticeship to become an aviation technician because the lack of those people are crippling people from flying from place to place.

So here's the truth. A portion of the population got reprieve from predatory lenders. This is highly unusual simply because we've always had a government that bails out the banks - not the borrowers. This should be celebrated. I'm sorry you were not in that pile. But across the board, we ALL rise when you have educated people who can spend that money on other economic foundation factors. Not just trapped paying endless interest for the rest of their lives. It means people can have families now, or afford medical plans. It means we're bringing people forward, and that's good for everyone. Local stores and economies, all the way up.

These are not the loans you think they are.

🤣🤣

They didn't know loans had to be paid back?

I saw Caleb at a grocery store in Austin yesterday. I told him how cool it was to meet him in person, but I didn't want to be a douche and bother him and ask him for photos or anything.

He said, “Oh, like you're doing now?”

I was taken aback, and all I could say was “Huh?” but he kept cutting me off and going “huh? huh? huh?” and closing his hand shut in front of my face. I walked away and continued with my shopping, and I heard him chuckle as I walked off. When I came to pay for my stuff up front I saw him trying to walk out the doors with like fifteen individually wrapped Tacquitos in his hands without paying.

The girl at the counter was very nice about it and professional, and was like “Sir, you need to pay for those first.” At first he kept pretending to be tired and not hear her, but eventually turned back around and brought them to the counter.

When she took one of the Tacquitos and started scanning it multiple times, he stopped her and told her to scan them each individually “to prevent any electrical infetterence,” and then turned around and winked at me. I don't even think that's a word. After she scanned each one and put them in a bag and started to say the price, he kept interrupting her by asking to finance the purchase at 0% over 12 months.

!britbongs

If you spend enough time around poor people, you stop thinking of this Dril tweet as satire & realize that it's pretty accurate. "Candles" is just a stand-in for a suite of astoundingly profligate behaviors. https://t.co/ZnY5482Kpf

— Bachman (@ElonBachman) January 22, 2024

Other highlights from the thread, cbf pulling up responses but I assume poors be mad:

Couple of times in life I've found myself holding the actual budget of a poor person (compiled more or less under duress, following a family intervention), & each time it's basically been the Dril tweet. Like the rank orders of the categories don't even make sense.

Real life anthropology of poors here

20% of income on salons, more spent on car than on rent, etc.

But also just pervasive high time preference. E.g. making minimum wage but buying a bottle of water on the way home from work.

Yes, this is one of the crazy juxtapositions of "poverty" in the US. You can meet poor people who spend more on entire categories than do people who own private jets.

Personal adornment is the common one.

Poors be shopping

This topic makes me realize that "time preference" is a misnomer, because the thing that poor people spend most extravagantly is time.

Three hours getting ready on a Saturday, entire days spent shopping for a hat, months each year watching TV

And he veers into race realism to close it off :

Big puzzle piece for me was hearing someone point out that below a certain cognitive ability, people don't have hobbies, that there are entire countries where nobody has hobbies in the classic sense

What's this have to do with poverty?

A hobby creates artificial structure to gamify some part of reality. It's the kind of shape rotation that you notice is not happening among the dull. There's no engagement with relations, with things as exemplars of classes.

Now imagine you're poor and it's Saturday...

If creating experiences is beyond your mental ability, your menu of options is just stimulus/response gradients: go to mall; buy the brand name hat; buy the flavorful snack; prettify body or car

These are the most complex things you can imagine, poverty just results emergently

This is why poverty often presents as a puzzling mix of profligacy and miserliness; luxury car lease and reusing Ziploc bags 100 times

It's not that they don't know things are expensive, it's that their only joy comes from passive consumption of rich stimulus

There's a lot more but I cbf doing the markdown (if you highlight replies I'll pin your comment). In conclusion: nerds rule, poors drool

NEW: Police reportedly called after small boy is seen in nothing but a diaper and uncontrollably shivering as his mother refuses to give him warm clothes.

Luckily, one apparent shopper felt so bad that they grabbed a pair of clothes to put on him.

It's sad that a random shopper… pic.twitter.com/LSBpgmprTX

— Collin Rugg (@CollinRugg) January 23, 2024

Another day, another story of some beautiful bold black skin gets covered and hidden under the veil of white supremacy. This time the part of the white supremacist was played by a physically r-slurred person of weight and color. He will not be forgotten. His young soul rests with Treyvon's and Floyd's.

Girl math moment

"When I realized I can still get what I want, like designer items, and not have to pay the full purchase on spot, I lost my darn mind. … It was like a kid in a candy store," Resiere recalled. "Let's say Klarna gave me $1,000. In my head, I was like, 'Oh my God, that's free money.' So I'm spending the whole thousand, forgetting that I have rent, car note, car insurance, all these bills, groceries, everything."

Bro how does paying money hurt just save

"Even though I'm in my career now and of course making more money, any way that I can split my payments and not worry about bills, I'm definitely, definitely all for," said Resiere. "It splits the payments so I don't really feel it. Yes, I'm paying the same amount but the fact that it's being spread out, it doesn't hurt as much."

How come poors always think the can just get money for designer clothes for free

The opacity surrounding the novel service has created a so-called phantom debt phenomenon that has left economists, regulators and even shoppers concerned about the effect it could have on the economy.

"It's just this nebulous cloud of debt. Nobody really knows how it works and it's just floating around us all the time and it definitely feels like a pending housing crisis, almost like 2008 but for shopping," Andersen joked. "That's the myth that Klarna and PayPal sell you on, is that you can have this lifestyle, you can have these things, but the truth is, you can't."

Very cool video :)

@CREAMY_DOG_ORGASM

!bluecollar

For real, I can't stand tradies who brag about not using PPE or being clean and then have more skin conditions than a Vietnam vet turned New Orleans hooker.