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Topic	So I was reading up on credit in the US and it's kinda blowing my mind
masterplum 01/11/23 1:22:52 PM #36:	MacArrowny posted... The process makes sense - the problem is that it leads to bad outcomes. Poor people pay more interest than rich people. I suppose the optimal process might be something like government student loans for poorer people, where they pay no interest on their loans? At some point is it causation or correlation. Poor people pay more interest, but at what point do we contribute some of this to financial decisions that caused them to be poor because they are paying more in interest? There are a lot of areas where we need to make sure poor people get equal opportunities. Im not sure credit cards is one of them --- https://pbs.twimg.com/media/BdWiElvIQAAQpBt.jpg <cite>masterplum posted [p:970775817] in So I was r... [t:80308260]...</cite> <quote>MacArrowny posted... </cite><quote>The process makes sense - the problem is that it leads to bad outcomes. Poor people pay more interest than rich people. I suppose the optimal process might be something like government student loans for poorer people, where they pay no interest on their loans?</quote>At some point is it causation or correlation. Poor people pay more interest, but at what point do we contribute some of this to financial decisions that caused them to be poor because they are paying more in interest?There are a lot of areas where we need to make sure poor people get equal opportunities. Im not sure credit cards is one of them --- https://pbs.twimg.com/media/BdWiElvIQAAQpBt.jpg</quote> ... Copied to Clipboard!
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