https://x.com/SenSanders/status/1857527478715031865
I look forward to working with the Trump Administration on fulfilling his promise to cap credit card interest rates at 10%.
— Bernie Sanders (@SenSanders) November 15, 2024
We cannot continue to allow big banks to make record profits by ripping off Americans by charging them 25 to 30% interest rates.
That is usury.
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more insentives to get the poors to spend money they dont have. Also i always carry cash around even tjo i have credit_debit cards/apple pay etc. Its dumb not have cash on you in case of an emergency or you need to buy some dope. lmao
not like they could just provide said c9nsumer protections to debit card holders. Oh yeah, thatd be bad bc itd help the poor.
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There is no incentive for poors to spend money they don't have. There's a massive interest rate to discourage it.
It sounds to me like you're fairly financially illiterate and avoid credit cards because of this. That's fine but just know that this is hurting you financially.
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except when they have 0% intro apr. The poors spend a bunch during the first year and they dont realize they have a problem until a year later ehen the 30% kicks in.
i just said i have/use credit cards dumb shit, im just saying that its not a bad thing to disourage them for poors.
im doing fine financially,
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Keep yourself safe r-slur
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yeah next youll say that poors should take out an auto loan instead of just buying a used car. Benefits dont always outweigh the risks for everyone dumb frick
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They should take out a loan to buy a used car yes. They need an emergency fund and holding onto the cash is insanely important for them.
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they could just not spend their entire emergency fund on a car and get ine that is cheap butt works. People like you are the reason we have such a credit card debt problem in the US. I know you hate poor people tho, so it makes sense.
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I never said the car shouldnt be cheap. I said they should use a low interest secured loan to buy the car instead of losing cash.
No you are. Once they buy that car cash they have no more cash. Now they'll have to use their credit cards in an emergency.
I love that your hypothetical person is a crack head that will max out their credit cards but somehow has an emergency fund and a car fund. They have perfect self control and planning until they touch a credit card or car loan. Schrodingers poor person if you will.
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poor people have a significantly harder time getting low interwst rate loans. With your strategy theyll have to pay 10% more for rhe car and if they cant pay the loan bc of an emergency their mode of transportation gets repossesed and then the poor cant get to work and loses their job then defaults on muh credit card/maxes em out.
says the person who thinks every expenditure, even for poor people, should be on credit. You are such a dumb shit its not even funny, butt im laughing anyway
I bet you think poors should have kids rhey cant afford too 
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