Issues of a Domestic Nature (READ WARNING ON PAGE 1 BEFORE POSTING)

macbdog

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BanksCC companies will find a way to make it up- either increasing fees or passing it on to consumers by raising the transaction fee on all purchases. Banks will also simply not lend to those who prior would get the higher rates; the only option will remain predatory lenders. This is a noble idea, i guess, but i would bet Visa/MasterCard etc already have ideas on how to replace that revenue stream and still extract it from the consumer. I think a much better plan to help poor and middle class would be development of a card-based or digital currency that eliminates the transaction fees that the CC companies charge the retailer. The Fed controls paper money and used to control check processing when these were the dominant forms of moving money; now that debit cards have taken hold they should be in on that too. This would help out small business and give back some regulatory control.
 

Huber.

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This is a rhetorical question, but why do so many poor and middle class right wing people constantly vote against bills or laws that would actually save them money. I don't get how Republicans get so many poor people to vote for them.

Is it Guns? Is it they hate Mexicans more than they like money?
Because the middle class ends up paying for entitlements. The rich avoid it and the poor abuse it
 

pr26

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Because the middle class ends up paying for entitlements. The rich avoid it and the poor abuse it
Then why not vote for the candidates who want to close the loopholes that the rich exploit to avoid paying their fair share? Seems more logical to me than denying entitlements to those who need it, and assuming it has to fall on the back of the middle class.
 
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Cavatt

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It’s because politics have become a lot less about ideology/policy, and much more about culture IMO. Social media dumped gasoline on that trend.

Sad for political theory nerds like me :(
It's just tribal.
 

Huber.

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Then why not vote for the candidates who want to close the loopholes that the rich exploit to avoid paying their fair share? Seems more logical to me than denying entitlements to those who need it, and assuming it has to fall on the back of the middle class.
Because the democrats that want to close those loopholes also want to raise our taxes. That doesn't save us money it just gives the government more to waste. Close the loopholes and lower everyone's taxes and I'll consider it.
 

cavsfan1985

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Then why not vote for the candidates who want to close the loopholes that the rich exploit to avoid paying their fair share? Seems more logical to me than denying entitlements to those who need it, and assuming it has to fall on the back of the middle class.
This sounds good in theory but how do you do it. The one thing the rich are good at is find new loopholes. They also have the money and influence to make sure certain loopholes are not fixed. More often then not, when you fix loopholes they tend to hurt the middle class more as the rich are able to find new ways around them.
 

Huber.

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This sounds good in theory but how do you do it. The one thing the rich are good at is find new loopholes. They also have the money and influence to make sure certain loopholes are not fixed. More often then not, when you fix loopholes they tend to hurt the middle class more as the rich are able to find new ways around them.
Besides, if the loopholes were actually closed, the rich (job creators) would just pull back on spending on workforce (the middle class).
 

-Akronite-

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BanksCC companies will find a way to make it up- either increasing fees or passing it on to consumers by raising the transaction fee on all purchases. Banks will also simply not lend to those who prior would get the higher rates; the only option will remain predatory lenders. This is a noble idea, i guess, but i would bet Visa/MasterCard etc already have ideas on how to replace that revenue stream and still extract it from the consumer. I think a much better plan to help poor and middle class would be development of a card-based or digital currency that eliminates the transaction fees that the CC companies charge the retailer. The Fed controls paper money and used to control check processing when these were the dominant forms of moving money; now that debit cards have taken hold they should be in on that too. This would help out small business and give back some regulatory control.
But those lenders will also face that cap, so it would reduce the amount of preying they could do.

I think killing the payday loan industry is more than noble, it's necessary.
 

pr26

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This sounds good in theory but how do you do it. The one thing the rich are good at is find new loopholes. They also have the money and influence to make sure certain loopholes are not fixed. More often then not, when you fix loopholes they tend to hurt the middle class more as the rich are able to find new ways around them.
Well that’s why overturning citizens United is arguably the most important act our democracy needs. You are right, their money and influence isn’t limited to the private sphere. They bankroll politicians (in both parties) to ensure these loopholes are never fixed. Strip away their ability to buy politicians, and they’ll find out there’s a lot more of us then them.

Could you give me an example of how closing ultra rich tax loopholes would hurt the middle class? Honest question.
 

macbdog

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But those lenders will also face that cap, so it would reduce the amount of preying they could do.

I think killing the payday loan industry is more than noble, it's necessary.
They arent credit cards- in fact pay day loans exist primarily for those who can't get credit cards. This would effectively boost their business by eliminating the few credit cards this with poor credit can get.
 

-Akronite-

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They arent credit cards- in fact pay day loans exist primarily for those who can't get credit cards. This would effectively boost their business by eliminating the few credit cards this with poor credit can get.
The problem with payday lenders is that they charge outrageous interest and feed off the cycle of poverty. With an interest rate cap that hinders their ability to ruin lives.
 

CleveRocks

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It just means people with high credit rusk won't have credit cards.. they will have to live on cash.. was a time where that was no big deal, but in todays world of apps credit card links get you access..Simple example, Starbucks.. i link a credit card to the app, and accumulate "stars" by purchase, which turns into free coffee. So my coffee costs less.. it is likely that economically disadvantaged people are the highest credit risk, so these will be the most likely to suffer, and they will have no buffer for events..
 

CleveRocks

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Besides, if the loopholes were actually closed, the rich (job creators) would just pull back on spending on workforce (the middle class).
Huber,

We agree on lots of things but this is a ridiculously oversimplified view of how our economy works..

Our economy is driven by capital investment. A lot of that money comes from rich individuals (and a great many are Americans, hello Saudi Arabia) but a lot also comes from retirement funds insurance companies and cash rich corporations..

This goes into banks, various capital groups like JW Chiles or similar, or VC's who use that money to develop new tech Or to make companies more efficient, or more stable, or to expand and so on.

Loopholes in the tax structure or incentives created by law for non economic reasons, actually encourage over investment in those areas, making the market less efficient. So generally they are not a good thing.. (think the housing bubble and subsequent crash)

Generally "the rich" arent making decisions to hire or not. These decisions are being made by professional executives. The "rich" hire executives to maximize return on the investment.. on one end of the scale usually larger corporations this is done in part by minimizing labor costs. At the other end of the scale ( with startups) this is hiring talent to create disruptive technology. The former is a surefire way to boost bottom line, the latter is more like betting 23 on a roullette wheel..

That said, i agree with your point that more tax money into government results in more incentive for lobbyists to influence how its spent, which results in more waste..
 

King Stannis

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Good job, Alabama!

Could someone explain to me why a judge can keep his job if he refuses to do his job for personal reasons? Either set your personal issues aside or find a different job. Especially as a judge.

In most professions that would be grounds for termination.

http://time.com/5595223/alabama-bill-end-marriage-licenses/

Can we expels some states from the Union?
 
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