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Tucker arguing for 15% interest rate cap
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Date: May 10th, 2019 9:20 PM Author: motley swollen useless brakes sneaky criminal (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#38218128) |
Date: October 13th, 2021 4:05 PM Author: Frum Offensive Library https://i.ibb.co/PWTpTgh/1634130590808.png (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43266351) |
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Date: October 13th, 2021 10:01 PM Author: Vigorous box office idiot Lol (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43268148) |
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Date: October 14th, 2021 10:24 AM Author: tripping parlor (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43270000) |
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Date: October 13th, 2021 4:54 PM Author: swashbuckling roast beef I miss the days when Republicans used to believe in free markets. Apparently it's an egregious violation of civil liberties if the government mandates that you get a free vaccine to reduce the spread of a virus that has killed over a million people, but the government needs to protect people who are stupid to read their credit card agreement and pay their fucking bill on time. (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43266670) |
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Date: October 13th, 2021 4:55 PM Author: razzle maroon sound barrier death wish you are a 50 year old jewish homosexual (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43266674) |
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Date: October 13th, 2021 4:56 PM Author: Cerebral Chrome Address Basically 80% of xoxo (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43266680) |
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Date: October 13th, 2021 5:16 PM Author: swashbuckling roast beef So in other words, you have no rational argument against anything I wrote and you agree with me that the Republican Party doesn't stand for anything any more other than demonizing immigrants and "lib" and worshipping Trump? Cool. (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43266756) |
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Date: October 13th, 2021 6:38 PM Author: razzle maroon sound barrier death wish no, I just pointed out that you are a 50 year old jewish homosexual (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43267067) |
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Date: October 13th, 2021 6:39 PM Author: Frum Offensive Library (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43267076) |
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Date: October 13th, 2021 10:29 PM Author: jade international law enforcement agency mood I'm 100% fine w/ the Rep party deviating from dogma in areas that limit jewish trickery. Anything (((lending))) related needs to be scrutinized. (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43268260) |
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Date: October 14th, 2021 10:04 AM Author: Know-it-all passionate pocket flask rigor cr. Republican Party needs to go back to protecting Jewish usury scams (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43269913) |
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Date: October 14th, 2021 10:26 AM Author: tripping parlor (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43270011) |
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Date: October 14th, 2021 10:26 AM Author: tripping parlor Rational argument: abusive lending practices should be banned as they're detrimental to society. That includes excessive interest. If this were put to a vote it would overwhelmingly pass. (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43270010) |
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Date: October 14th, 2021 10:31 AM Author: jade international law enforcement agency mood cr, republicans deviate from libertarians on 'free market' for things like gambling, alcohol, etc. predatory lending falls into that camp, imo. (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43270046) |
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Date: October 14th, 2021 10:33 AM Author: tripping parlor Incidentally, I'm generally libertarian and support legalizing prostitution, but excessive interest is just evil that legitimizes mafia tactics in regular society. (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43270058) |
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Date: October 14th, 2021 10:24 AM Author: tripping parlor (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43270004) |
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Date: October 13th, 2021 6:42 PM Author: Dun coiffed ladyboy (grima wormtongue whispering something about free markets into your ear as he breaks ground on another payday lending store) (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43267087) |
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Date: October 13th, 2021 7:26 PM Author: swashbuckling roast beef You'll get no argument from me that payday lenders are the scum of the earth. But so what? If you are a Republican that believes in free markets and limited government, what is the argument for shutting down payday lenders or putting a cap on interest rates? I am very strongly pro-free market and historically have leaned Republican because they tended to be more pro-free market and pro-business. But now they don't seem to stand for anything other than "owning the libs" and treating anything Trump says as the word of God. (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43267349) |
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Date: October 13th, 2021 7:30 PM Author: Wonderful rose hall psychic what is the argument for shutting down payday lenders or putting a cap on interest rates
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Outed as a Kike |
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Date: October 13th, 2021 7:33 PM Author: Dun coiffed ladyboy how "free" the market should be and how "limited" the government should be is a spectrum. most republicans are not extreme libertarians that believe in no government and no regulation. so, they must believe in *some* regulation and *some* government. the question is how much. i also lean gop because i tend to be pro-free market and pro-business. but that doesn't mean i want to get rid of child labor laws or osha.
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. |
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Date: October 13th, 2021 10:04 PM Author: Odious Pozpig (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43268159) |
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Date: October 14th, 2021 1:11 AM Author: swashbuckling roast beef So let me get this straight? If the government tells you to put a piece of cloth over your nose so that you don't spread a deadly disease that is killing almost 2,000 people per day, that's an egregious violation of civil liberties? But it's totally fine for the government to regulate private contracts between two individuals where no one is harmed other than maybe the person who voluntarily signed the contract?
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. |
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Date: October 14th, 2021 10:21 AM Author: Dun coiffed ladyboy >Sorry, but I feel pretty strongly that the government has no business protecting people from themselves.
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. |
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Date: October 13th, 2021 6:49 PM Author: out-of-control national lmao u thought repubs were true believers in free markets (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43267137) |
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Date: October 13th, 2021 7:16 PM Author: Pink Corn Cake non sequitur cunt alert (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43267270) |
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Date: October 13th, 2021 7:29 PM Author: Wonderful rose hall psychic “Free Markets” have allowed companies to ship our entire manufacturing supply chain abroad, fire workers for cheap foreign labor, tech monopolies to control everything, and investment funds flush with foreign cash to buy up all the single family homes in this country at a subsidized rate
Fuck “Free Markets.” Talk to me when the Fed quits printing $40B a month and buying MBS from Blackrock |
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Date: October 13th, 2021 7:36 PM Author: Dun coiffed ladyboy exactly.
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? |
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Date: October 13th, 2021 7:46 PM Author: Wonderful rose hall psychic “Globalization” was just code for arbitraging labor and environmental regulations
We wouldn’t dare strip mine California for Tesla batteries like they do in Mongolia |
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Date: October 13th, 2021 7:53 PM Author: Dun coiffed ladyboy it's fucking sick. and corporate neolibs are 100% for it, under the disgusting guise of "well, it's uplifting to those countries!"
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. |
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Date: October 13th, 2021 7:54 PM Author: Electric piazza stock car don't forget the $80bn in bonds teehee (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43267492) |
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Date: October 13th, 2021 7:55 PM Author: Nofapping carmine windowlicker 180. (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43267494) |
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Date: October 13th, 2021 7:57 PM Author: Pea-brained Field Boiling Water yny (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43267516) |
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Date: October 13th, 2021 7:58 PM Author: Pink Corn Cake it's not free markets. 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 |
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Date: October 13th, 2021 9:19 PM Author: swashbuckling roast beef Jesus Christ. If you hate free trade so much, you can try moving to Brazil, where an iPhone costs like $3,000 and a shitty car costs $50,000. Or you can buy the trash Brazilians companies produce, where a total piece of shit cell phone costs $800. They have zero incentive to make their manufactured goods cheaper or better since they know that they have a captive audience in Brazil who will buy their trash no matter what.
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. |
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Date: October 13th, 2021 9:25 PM Author: motley swollen useless brakes sneaky criminal We’re so wealthy and prosperous we have to run multi trillion dollar deficits
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Date: October 13th, 2021 9:28 PM Author: erotic flatulent shrine You're wasting your breath. This bort is full of populist Republicans, i.e. people who are socially conservative and fiscally "liberal". They believe that the symbiotic relationship between our oversized government and the smattering of corporations that suck on its teat somehow constitutes "free markets". Also, many of them were Democrats in their (recent) past lives, and it shows. (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43267996) |
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Date: October 13th, 2021 9:32 PM Author: motley swollen useless brakes sneaky criminal Man that window has shifted. Socially conservative now means “you don’t hate America” (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43268013) |
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Date: October 14th, 2021 10:33 AM Author: Dun coiffed ladyboy right?
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. |
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Date: October 13th, 2021 10:34 PM Author: Doobsian lilac theater stage fanboi GOP never embraced free markets, they embraced crony capitalism. If a big corp fails then the fed govt bails them out. Let big corps buy out govt agencies so they regulate themselves like Boeing. Give them neverending tax breaks and tax cuts.
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 |
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Date: October 14th, 2021 10:29 AM Author: Dun coiffed ladyboy we're turning into brazil because of globalization.
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? |
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Date: October 13th, 2021 10:12 PM Author: amethyst french location hunting ground (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43268204) |
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Date: October 13th, 2021 7:55 PM Author: sticky startling menage degenerate I wouldn’t even care what a Trinity College history major thinks about history, let alone the cost of capital (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43267499) |
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Date: October 13th, 2021 9:26 PM Author: motley swollen useless brakes sneaky criminal What the fuck I’m the OP (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43267981) |
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Date: October 13th, 2021 9:31 PM Author: Frum Offensive Library ur welcum (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43268007) |
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Date: October 14th, 2021 10:32 AM Author: Sepia mind-boggling garrison twinkling uncleanness (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43270053) |
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Date: October 14th, 2021 10:34 AM Author: tripping parlor (http://www.autoadmit.com/thread.php?thread_id=4259067&forum_id=2#43270063) |