“The vast majority of both Republicans and Democrats who said they plan to vote in the 2020 presidential primary support legislation rolled outby Rep. Alexandria Ocasio-Cortez and Sen. Bernie Sanders last week that would cap credit-card interest rates at 15%.
Nearly 70% of Republican primary voters and 73% of Democratic primary voters said they either support or strongly support the proposal to cap rates at 15%, according to a new INSIDER poll. Just over 60% of respondents who don’t plan to vote in the 2020 presidential primaries also said they support the bill, known as the Loan Shark Prevention Act.
Just 13% of GOP primary voters were opposed to the idea, while 7% of Democratic primary voters were opposed. …”
Oh Dear God … NO!
Not usury! AOC is coming for usury! This is SOCIALISM! This is the anti-Semitism of the Alt-Radical Left which will turn us into Venezuela!
Note: Seriously, why can’t we go ahead and get rid of usury like today, raise taxes on the wealthy and start rebuilding our infrastructure? Everyone agrees on doing this. And yet, the politicians just sit there.
The Republicans will be against this, stupidly, and will pay a price for it. Boomers always talk about”responsible borrowing” they say young people don’t do. While forgetting the nice deal they got during the 60and 70s. Good health care packages, real pensions, constantly rising housing values, modest education costs, real lifetime jobs with real retirement pensions etc. They worked hard for it, but there is no denying they had a deal that their Grandparents, and their grandkids don’t have. I’m 56, so I’ve been around long enough to see how it went.
I think the cap should be 3%. So I am against it because it is still too high.
I don’t believe in usury at all. But…..
Let me clarify my position further….. 3% max during the entire life of the loan. So mortgages would be 3% of original amount spread over 30 years and cars 3% of original amount spread over 5 years. No compounded interest on loans either, only on savings.
Snowhitey 2020!
Something that’s very much needed. However the Republican establishment is all for the Bankers. That reminds me of something Tom Metzger said one time…..What’s a Republican? That’s the guy down at the Bank. Deo Vindice !
More good news! Priests in favor of guns!
https://russia-insider.com/en/many-russian-priests-think-russias-ban-handguns-wrong/ri27040