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LakeVermilion

(1,040 posts)
Wed Jan 6, 2016, 08:43 PM Jan 2016

I just read a post about Sanders referring to usurious interest rates. So I am wondering why

Republicans continuously want lower taxes, yet are content to accept high interest rates from banks (credit cards). High interest rates are a tax on middle and low income people, since the wealthy can pay cash or at least have high credit ratings and get qualify for lower interest rates.

Perhaps Republicans should disqualify themselves from voting on usury laws since they have a conflict of interest, since the high interest rates produce money that is donated to campaign funds.

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I just read a post about Sanders referring to usurious interest rates. So I am wondering why (Original Post) LakeVermilion Jan 2016 OP
Good point. One could actually make a similar point for why no con should ever be able randys1 Jan 2016 #1
Probably true for many centric Democrats LakeVermilion Jan 2016 #2
Well, the interests that control the Republicans (and Democrats for that matter) Maedhros Jan 2016 #3
They could not possibly understand what you are talking about. pangaia Jan 2016 #4
High interest are safeinOhio Jan 2016 #5

randys1

(16,286 posts)
1. Good point. One could actually make a similar point for why no con should ever be able
Wed Jan 6, 2016, 08:46 PM
Jan 2016

to vote on any legislation.

 

Maedhros

(10,007 posts)
3. Well, the interests that control the Republicans (and Democrats for that matter)
Wed Jan 6, 2016, 08:52 PM
Jan 2016

make money either way: lower taxes means they keep more, and higher interest rates mean they take more.

safeinOhio

(32,674 posts)
5. High interest are
Wed Jan 6, 2016, 09:49 PM
Jan 2016

a tax on us, the middle and low income people, that goes to the rich. The they get richer of their unearned income because that is were the tax cuts are.

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