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Reply #4: Let's not forget credit cards [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
Alcibiades Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-30-05 01:23 PM
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4. Let's not forget credit cards
I was shocked to learn that it's now legal to charge 29% interest on these. 29%! and that's not for "high risk" borrowers, that's the default rate for anyone who ever misses a payment, pays too little, etc. Good thin I don't use them, they are a conspiracy to suck the money out of working people and put it in the pockets of the rich.

And let's not forget student loans. Screw student loans--higher ed should be free! If you have to ration it, ration it based on merit, not on money.

Finally, there's our medical system. Let's say you are old. Let's say you have, by some accident, bucked the system and actually accumulated some money. Let's say you get really sick at the end of your life, which is usually the way it works out. Guess what--doctors now get to take all your money! And you still wind up dead! With festering bedsores! Our current system is absolutely designed to suck every last penny out of you!
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