Bernie and Alexandria Want to Cap Interest Rates on Credit Cards to 15%

Ask me how I know you're a neoliberal/leftist.
Please die already.

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Hahahah when the people with shit credit can't get credit anymore. They'll start crying about being held down.

This is just another dumb move by dumb people.

Just more socialist policies masquerading as “trying to help.” They will not change anything. They are just doing what the left does best — virtue signaling.

Eh, I agree that in principle, most people own their agency and should accept the liability of their own decisions.
The only reason I'll exclude usury (and 500% interest per month is usury), is because our federal government failed to educate the citizenry on Capital Gains, interest, and how the economy really works, for political gain.
Sacrificing usury temporarily for it, while not a great method, provides a good, albeit rightfully temporary, end.

only retards don't pay off their credit every month. All credit cards should be is a way to not have to expose your debit card during transactions

>that means banks will limit credit cards to those with good credit.
How is that bad? Do you want another finance collapse just like 2008?

>cap credit cards at 15%
Then banks wont give out credit cards to anyone but the wealthy.

Lending money at interest is the literal definition of usury you rat faced kike.

Why not 10%? Why not 5%

>What are the Republicans doing for you?
Well since I don't have any credit card debt what are these two retards doing for me?

Usury is immoral and sinful, period. This has been understood by every religious and moral philosopher in history up until only a couple hundred years ago. And its not just because of the destructive effect it has on the borrower, but because it is inherently unnatural and thus its fruits are poison; as usury flourishes the foundation of society withers. And this truth can be witnessed solely in the massive expansion of credit that has occurred in the US consumer market in the past 50 years.

>destructive effect it has on the borrower
These people deserve to be punished for their rampant consumerism

you say this like that would be a bad thing

Do you even know what neoliberal means?

No it isn't...
The definition of usury is lending someone money at unreasonable high interest rates.
Most states already have usury laws in place.
If you are a high risk of not paying, your interest rate is going to be high.
In other words, suck it up. You chose to go to an expensive college to get a degree in gender studies, not me.

are you saying the borrower deserves punishment?
does the usurer not? or does he get to profit off his own much greater sin? and be incentivized to go and create more usuruious loans and thus more temptation and destruction.
I can't help but notice the parallels between usury and pornography. and its little wonder that the primary peddlers of both are the same (((people)))

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Um, no sweetie.

merriam-webster.com/dictionary/usury

It originally meant lending money at interest until kikes moved the Overton Window to mean “lending money at unreasonable rates”. Look up medieval discussion on it- it refers to lending money solely at interest.

You retards who spout off without knowing shit need to shut your mouth.

I think capping credit card interest at 15% is fucking awesome.
t. pawn shop owner

>cue accusations of antisemitism

>The definition of usury is lending someone money at unreasonable high interest rates.
That is the modern Jews definition of usury, not the traditional definition as used by Christian, Jewish, Islamic, and Hindu religious leaders and all moral philosophers.
Usury is lending at any interest, with certain very specific exceptions, such as any interest must be tied to actual lost opportunity, and the loan must be secured by property and terminate only in that property (i.e. recovery can only be against the property and anything beyond that cannot be sought from the borrower)
>The most hated sort (of wealth creation), and with the greatest reason, is usury, which makes a gain out of money itself, and not from the natural use of it. For money was intended to be used in exchange, but not to increase at interest. And this term usury (tokos, i.e., offspring, produce) which means the birth of money from money, is applied to the breeding of money because the offspring resembles the parent. Wherefore of all modes of moneymaking this is the most unnatural.
>Aristotle, Politics, Book I

Reminder that the fed loans out money at 3% so a bank can loan it to you at 8%. The fed could run their own credit scheme where the interest profits go back into the nations coffers rather than Israeli hands. That would be antisemitic though.

The best way to avoid credit card interest is to not use a fucking credit card.

15% will force banks to reject high risks loans and this means poor people will be cut off from credits. Is this the goal?

if it isn't then it should be

I'm a libertarian and I admit that i can't see anything wrong with that sort of regulation, mostly because it's dumb people who get loans from banks and end up enslaved by debt. Pls someone redpill me on that

>this one thing makes all the other completely insane bullshit they're proposing worth doing

Would you really sell out the future of your country for a few thousand dollars? If so, you are garbage.

Keeping the presidency out of the hands of a fucking kike dipshit.
Right because bernie would be so much god damn better on the border, because they're is an old inerview video of him saying that open borders is bullshit right?
lol eat a dick faggot.

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Ensuring my credit card company gets enough profit off of retards to be able to offer me generous rewards and cash back offers, despite me having paid them $0.00 in interest the entire time I've owned the card.

Because at 5% it would become viable to start finance some things on credit cards instead of up front and use the remainder to invest.