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Outed as a Kike

(http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43267366)

interest rates seem like a perfectly reasonable thing to regulate. we realized several thousand years ago that usury is sinful and bad. capping it seems reasonable.

the argument about "let the people decide" is flawed. tons of laws are out there specifically to protect ignorant and stupid people. the average person is 100iq and half the pop is dumber than that. these people need to be protected from getting scammed.

(http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43267376)

Sorry, but I feel pretty strongly that the government has no business protecting people from themselves. If the government wants to introduce some type of regulation that requires payday lenders to print the interest rate in bold type and tell people exactly how much interest they are paying on their loan, I have no major objection to that. But if someone chooses to take out a payday loan at a 400% interest rate anyway, that's not the government's business.

On a more practical level, if you cap interest rates at 15%, you will make it much harder to get a credit card, which will make it far more difficult for young people to build a credit history. It will also essentially shut out people with bad credit/no credit from the credit market as well as distressed corporations. Are we really doing people a favor if we tell someone with a bankruptcy on their credit report that they can't get a car loan at all rather than allowing them to get a car loan at an 18% interest rate? Sorry, but this is exactly the type of stupid government interference in a free market that conservatives are supposed to oppose.

(http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43269059)

this principal could be used to invalidate anything. why shouldn't i be able to contract myself into indentured servitude for years? why should the fda be telling us what drugs and food are safe?

finance is not unlike medicine or food to a lot of people. you and i can figure out a financial instrument, but we might not be able to evaluate whether a drug is safe or not. a prole can't do either. you talk about them "voluntarily" singing a contract, but whether that choice is real depends on whether there is some actual understanding of what they're agreeing too.

>But if someone chooses to take out a payday loan at a 400% interest rate anyway, that's not the government's business.

guess i just disagree here. even today we don't allow usurious rates. any reasonable person would consider 400% usurious. if you want to say 15% is too low: fine. that's a matter of debate. but pretty much everyone believes *some* cap is good.

>On a more practical level

this is like the whole "oh, we have to extend mortgages to poors with no credit!" and then the price of houses skyrocket and then the market crashes.

some people aren't creditworthy. if they can't get credit at a non-usurious loanshark rate, then they don't deserve credit. they shouldn't be allowed to be exploited just because only predatory lenders will extend them credit.

also, i might be more inclined to agree with you if the banks that took risky bets ever had to realize losses.

(http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43269989)

Fuck “Free Markets.” Talk to me when the Fed quits printing $40B a month and buying MBS from Blackrock

(http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43267358)

especially when we're competing against slave labor and shitty environmental practices. i can't have my widgit built at a domestic filthy factory paying 13 year olds poverty wages for 80 hour shifts. why should i be able to do it overseas?

(http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43267395)

We wouldn’t dare strip mine California for Tesla batteries like they do in Mongolia

(http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43267453)

https://www.youtube.com/watch?v=vf-k6qOfXz0&ab_channel=Vox

at least globalization conturds (who are likewise disgusting), are honest about their economic reasoning. libs mask it is being somehow progressive even though is devastating domestically and quasi imperialistic slavery.

(http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43267488)

they have tariffs we didn't until trump.

fucking with free markets has its place, but you always begin the analysis that free markets are superior to government control

(http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43267520)

Yes, globalization has cost some jobs. But it has made us the wealthiest and most prosperous country in the history of the world where even poors can afford iPhones, flat-screen TVs, and cars. It's sad that Republicans who used to embrace free markets now want to turn us into fucking Brazil.

(http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43267945)

(http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43267976)

i've always been "socially liberal" if by that you mean robust individual civil liberties. my views on that have never shifted. it's the party's views that have shifted. now instead of the moral right trying to create a bunch of moralistic laws, you have the "liberal" left trying to suppress everything, lock people down for years, mandate vaccines, and create anti-"domestic terrorism" goon squads to fuck over american citizens.

(http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43270062)

Basically the GOP treats big corps exactly how a mega rich goy birdshit treats their half retarded kid. Pretend they live in a world of meritocracy when in reality they are just subsidizing everything and protecting them from real competition to ensure they suceed

(http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43268287)

we're already turning in favelas. tent camps in san fran delineated from rich gated compounds look just like brazil. you're looking at wealth on a macro level. we are "wealthy", yet the disparity between the rich and poor is approaching gilded age era levels.

oh we're so prosperous that the poor can afford baubles made be those even poorer overseas. but can our middle class comfortably buy property and raise a family off of a single income with a high school education? why are dual income college educated couples struggling to start families today when 50 years ago any single income prole could do it?

(http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43270038)