aTmAg said:

---

infinity ag said:

---

ttu_85 said:

---

YouBet said:

---

I just think this is overthinking it.

Bottom line: everyone knows that a CC company is going to penalize you and charge you for carrying a balance month to month. Higher the interest rate; the more they will charge you.

I've never read the fine print on my CC agreements because it's unnecessary. Common sense and logic are all that's needed here.

That's all there is to it.

---

Do they ? Yes, to you and I this is true. But remember when you were young, 18 - 21, and knew people that didn't have finance or economics classes, rackup a ton of debt on new furniture, a car, clothes whatever. And right off the bat they practically became indentured servants, paying on this crap for the next 7 years.

I saw this many times and warned everyone I knew. Not everyone gets an education or has the discipline to handle money wisely. And yes some companies are predatory.

Before calling be anti capitalist, know I built my company from scratch using a combination of hard work, a Tech business education, and more importantly values from an old book called the Bible- a book that called for hard work, honest living, and a call to never exploit people for $$; You know market pricing for a good product.

You know pure capitalism with an ethical emphasis is great for repeated long term business it creatres something called loyalty. This version of libertarian, buyer beware, capitalism is BS; as there is no room for ethics just $$$$$$$$$$. This BS gives real, enduring, capitalism a bad name and creates an opening for even more poisonous socialism. 36% interest rates are indentured servant level bad.

---

Great post.

Capitalism with compassion is what we need.

---

Capitalism is the most compassionate economic system ever devised.

Every anti-capitalist argument you make screws people over and is an argument against compassion.

---

This.

Having plenty of actual food to haggle over is no small thing and is not the norm in human history.

aTmAg said:

---

infinity ag said:

---

ttu_85 said:

---

YouBet said:

---

I just think this is overthinking it.

Bottom line: everyone knows that a CC company is going to penalize you and charge you for carrying a balance month to month. Higher the interest rate; the more they will charge you.

I've never read the fine print on my CC agreements because it's unnecessary. Common sense and logic are all that's needed here.

That's all there is to it.

---

Do they ? Yes, to you and I this is true. But remember when you were young, 18 - 21, and knew people that didn't have finance or economics classes, rackup a ton of debt on new furniture, a car, clothes whatever. And right off the bat they practically became indentured servants, paying on this crap for the next 7 years.

I saw this many times and warned everyone I knew. Not everyone gets an education or has the discipline to handle money wisely. And yes some companies are predatory.

Before calling be anti capitalist, know I built my company from scratch using a combination of hard work, a Tech business education, and more importantly values from an old book called the Bible- a book that called for hard work, honest living, and a call to never exploit people for $$; You know market pricing for a good product.

You know pure capitalism with an ethical emphasis is great for repeated long term business it creatres something called loyalty. This version of libertarian, buyer beware, capitalism is BS; as there is no room for ethics just $$$$$$$$$$. This BS gives real, enduring, capitalism a bad name and creates an opening for even more poisonous socialism. 36% interest rates are indentured servant level bad.

---

Great post.

Capitalism with compassion is what we need.

---

Capitalism is the most compassionate economic system ever devised.

Every anti-capitalist argument you make screws people over and is an argument against compassion.

---

Capitalism can be compassionate but it is usually not. In the US it is not. In reality it is not right, and even stupid to weigh every decision with money. But that is what we do here. Which is why we have sold out half the country to India, China, Muslims, Africans, Mexicans. And we want to tax Uncle Jim and Aunt Martha who can barely survive at 85 while the same people fight for the rights of the billionaires because "they create jobs". Wow.

This is not to say socialism is better, I think it is definitely worse, but capitalism is not the silver bullet people think it is.

infinity ag said:

---

aTmAg said:

---

infinity ag said:

---

ttu_85 said:

---

YouBet said:

---

I just think this is overthinking it.

Bottom line: everyone knows that a CC company is going to penalize you and charge you for carrying a balance month to month. Higher the interest rate; the more they will charge you.

I've never read the fine print on my CC agreements because it's unnecessary. Common sense and logic are all that's needed here.

That's all there is to it.

---

Do they ? Yes, to you and I this is true. But remember when you were young, 18 - 21, and knew people that didn't have finance or economics classes, rackup a ton of debt on new furniture, a car, clothes whatever. And right off the bat they practically became indentured servants, paying on this crap for the next 7 years.

I saw this many times and warned everyone I knew. Not everyone gets an education or has the discipline to handle money wisely. And yes some companies are predatory.

Before calling be anti capitalist, know I built my company from scratch using a combination of hard work, a Tech business education, and more importantly values from an old book called the Bible- a book that called for hard work, honest living, and a call to never exploit people for $$; You know market pricing for a good product.

You know pure capitalism with an ethical emphasis is great for repeated long term business it creatres something called loyalty. This version of libertarian, buyer beware, capitalism is BS; as there is no room for ethics just $$$$$$$$$$. This BS gives real, enduring, capitalism a bad name and creates an opening for even more poisonous socialism. 36% interest rates are indentured servant level bad.

---

Great post.

Capitalism with compassion is what we need.

---

Capitalism is the most compassionate economic system ever devised.

Every anti-capitalist argument you make screws people over and is an argument against compassion.

---

Capitalism can be compassionate but it is usually not. In the US it is not. In reality it is not right, and even stupid to weigh every decision with money. But that is what we do here. Which is why we have sold out half the country to India, China, Muslims, Africans, Mexicans. And we want to tax Uncle Jim and Aunt Martha who can barely survive at 85 while the same people fight for the rights of the billionaires because "they create jobs". Wow.

This is not to say socialism is better, I think it is definitely worse, but capitalism is not the silver bullet people think it is.

---

Being poor in this country is better than upper middle class or even upper class in the vast majority of the world and you think the American system is a disaster and exploits people. lol

Even the European countries you probably think are better were based on Capitalist ideals. Their growth and improvement in standard of living for their people has essentially stopped since they adopted a more socialistic/non capitalist system.

Is capitalism perfect, no but most of the failures are from socialistic traits introduced into our system by government.

https://www.livemint.com/economy/trump-warns-of-very-severe-things-if-credit-card-companies-fail-to-lower-interest-rates-to-10-by-january-20-11768183476509.html

"Speaking to reporters who asked what happens after January 20 if credit card companies continue to charge over 10% interest rates, Trump said "then they are in violation of the law."

Guess we've move passed "calling for" to "because I said it's the law"

infinity ag said:

---

aTmAg said:

---

infinity ag said:

---

ttu_85 said:

---

YouBet said:

---

I just think this is overthinking it.

Bottom line: everyone knows that a CC company is going to penalize you and charge you for carrying a balance month to month. Higher the interest rate; the more they will charge you.

I've never read the fine print on my CC agreements because it's unnecessary. Common sense and logic are all that's needed here.

That's all there is to it.

---

Do they ? Yes, to you and I this is true. But remember when you were young, 18 - 21, and knew people that didn't have finance or economics classes, rackup a ton of debt on new furniture, a car, clothes whatever. And right off the bat they practically became indentured servants, paying on this crap for the next 7 years.

I saw this many times and warned everyone I knew. Not everyone gets an education or has the discipline to handle money wisely. And yes some companies are predatory.

Before calling be anti capitalist, know I built my company from scratch using a combination of hard work, a Tech business education, and more importantly values from an old book called the Bible- a book that called for hard work, honest living, and a call to never exploit people for $$; You know market pricing for a good product.

You know pure capitalism with an ethical emphasis is great for repeated long term business it creatres something called loyalty. This version of libertarian, buyer beware, capitalism is BS; as there is no room for ethics just $$$$$$$$$$. This BS gives real, enduring, capitalism a bad name and creates an opening for even more poisonous socialism. 36% interest rates are indentured servant level bad.

---

Great post.

Capitalism with compassion is what we need.

---

Capitalism is the most compassionate economic system ever devised.

Every anti-capitalist argument you make screws people over and is an argument against compassion.

---

Capitalism can be compassionate but it is usually not. In the US it is not. In reality it is not right, and even stupid to weigh every decision with money. But that is what we do here. Which is why we have sold out half the country to India, China, Muslims, Africans, Mexicans. And we want to tax Uncle Jim and Aunt Martha who can barely survive at 85 while the same people fight for the rights of the billionaires because "they create jobs". Wow.

This is not to say socialism is better, I think it is definitely worse, but capitalism is not the silver bullet people think it is.

---

Like usual, your diagnosis of the problem is dead wrong.

The US has NEVER been less capitalist than we are now. The problems you see today are not because of the "pursuit of money", billionaires, or any of that nonsense. It's because the government at all levels has intruded so heavily into the free market that we aren't truly capitalist anymore. We haven't "sold out" to India, China, etc. The US government, through it's policies, has pushed the cost of living and labor here so high, that production is not viable here anymore. Back when we were clearly the most prosperous country in the world, we were easily the most capitalist country in the world.

It's literally the LACK of capitalism that is our problems. Not too much of it.

Going to be a whole lot of cards closing and less credit....

Concerned Moderate Ag said:

---

https://www.livemint.com/economy/trump-warns-of-very-severe-things-if-credit-card-companies-fail-to-lower-interest-rates-to-10-by-january-20-11768183476509.html

"Speaking to reporters who asked what happens after January 20 if credit card companies continue to charge over 10% interest rates, Trump said "then they are in violation of the law."

Guess we've move passed "calling for" to "because I said it's the law"

---

Always fun when the President of the United States doesn't understand how basic government works.

aTmAg said:

---

infinity ag said:

---

aTmAg said:

---

infinity ag said:

---

ttu_85 said:

---

YouBet said:

---

I just think this is overthinking it.

Bottom line: everyone knows that a CC company is going to penalize you and charge you for carrying a balance month to month. Higher the interest rate; the more they will charge you.

I've never read the fine print on my CC agreements because it's unnecessary. Common sense and logic are all that's needed here.

That's all there is to it.

---

Do they ? Yes, to you and I this is true. But remember when you were young, 18 - 21, and knew people that didn't have finance or economics classes, rackup a ton of debt on new furniture, a car, clothes whatever. And right off the bat they practically became indentured servants, paying on this crap for the next 7 years.

I saw this many times and warned everyone I knew. Not everyone gets an education or has the discipline to handle money wisely. And yes some companies are predatory.

Before calling be anti capitalist, know I built my company from scratch using a combination of hard work, a Tech business education, and more importantly values from an old book called the Bible- a book that called for hard work, honest living, and a call to never exploit people for $$; You know market pricing for a good product.

You know pure capitalism with an ethical emphasis is great for repeated long term business it creatres something called loyalty. This version of libertarian, buyer beware, capitalism is BS; as there is no room for ethics just $$$$$$$$$$. This BS gives real, enduring, capitalism a bad name and creates an opening for even more poisonous socialism. 36% interest rates are indentured servant level bad.

---

Great post.

Capitalism with compassion is what we need.

---

Capitalism is the most compassionate economic system ever devised.

Every anti-capitalist argument you make screws people over and is an argument against compassion.

---

Capitalism can be compassionate but it is usually not. In the US it is not. In reality it is not right, and even stupid to weigh every decision with money. But that is what we do here. Which is why we have sold out half the country to India, China, Muslims, Africans, Mexicans. And we want to tax Uncle Jim and Aunt Martha who can barely survive at 85 while the same people fight for the rights of the billionaires because "they create jobs". Wow.

This is not to say socialism is better, I think it is definitely worse, but capitalism is not the silver bullet people think it is.

---

Like usual, your diagnosis of the problem is dead wrong.

The US has NEVER been less capitalist than we are now. The problems you see today are not because of the "pursuit of money", billionaires, or any of that nonsense. It's because the government at all levels has intruded so heavily into the free market that we aren't truly capitalist anymore. We haven't "sold out" to India, China, etc. The US government, through it's policies, has pushed the cost of living and labor here so high, that production is not viable here anymore. Back when we were clearly the most prosperous country in the world, we were easily the most capitalist country in the world.

It's literally the LACK of capitalism that is our problems. Not too much of it.

---

THIS !!. People forget their are MANY DIFFERENT implementations of "Capitalism". And they forget that "Capitalism" is evolutionary and can evolve or devolve to less efficient states. Capitalism is at its best when it provides opportunities for its people via easy market entry, lots of competition, low taxes, available capital, easy company start up policies, and a culture that is both ethical and willing to risk and work.

But culture also is a factor as it affects the TYPE of capitalism. Is it an ethical version or a dog eat dog variant AKA Monopolistic/ oligopolistic versions when only 1 or a few companies run everything. I ask you Laissez-faire types this question ? Is this libertarian version, facing minimal competition [A LACK of Capitalism], good for the people of the US ?

1. Does it encourage competition-> the main driver of innovation ?
2. Does it grow the MEDIAN income levels?
3. How is it reconciled with human nature- which lets be honest is terrible, as greed, desire for power, etc can grow into cancers in any eco or human political system?
4. How does Capitalism prosper in a cultural climate of greed, envy, control, fear Vs a culture of ethics, practical compassion, hard work, risk taking.

In fact I'd argue that human nature run amok is toxic to the capitalistic eco system- which I think is BY FAR the best in the world when implemented by a just, ethical, and responsible population. Problem is humanity when boiled down it its bare nature isn't ethical. Given enough time any system collapses if the culture is rotten. But when a culture has a strong ethical base capitalism will soar and build a world class economy.

After all those commie bosses in the workers paradise, USSR, had their Dauchas in the Russian country side- even with fresh bread while the Russian peopled waited in breadlines for hours for a slice of moldy commie paradise.

Teslag said:

---

boulderaggie said:

---

The highest cc rates right now are around 36% APR which seems egregious.

---

There's a really easy way to avoid paying that interest

---

I used to be that way, but now I'm like F these mega corps and their leaders making $20-30 MM per year. So many good decent honest Americans feeling the crunch from inflation...many had lives or businesses derailed during the pandemic because there were a bunch of male and female karens (like you) overreacting to it and supporting harsh measures aginst these people.

Tax payers just trying to scrape by and provide for their families the right way, refusing to ask for handouts...while we bankroll 80% of Somali and other immigrants with entitlements.

I guess I just have some empathy for a lot of middle and lower income and working class people who may not be absolute financial gurus or may not have shared our life circumstances.

People you wanted fired for not getting the trash vaccine by the way. People you said you would report for forging vaccination cards if you caught any under your watch (Texags has the receipts).

J. Walter Weatherman said:

---

Concerned Moderate Ag said:

---

https://www.livemint.com/economy/trump-warns-of-very-severe-things-if-credit-card-companies-fail-to-lower-interest-rates-to-10-by-january-20-11768183476509.html

"Speaking to reporters who asked what happens after January 20 if credit card companies continue to charge over 10% interest rates, Trump said "then they are in violation of the law."

Guess we've move passed "calling for" to "because I said it's the law"

---

Always fun when the President of the United States doesn't understand how basic government works.

---

Yeah its hard to say whats better or worse, a successful business man that became pres or a career politician such as Biden that stole the presidency yet had no idea how the world or an economic system worked. Lets see........

Ill go with the successful business guy that can delegate but doesnt "doesn't understand how basic government works".

Quote:

---

This is not to say socialism is better, I think it is definitely worse, but capitalism is not the silver bullet people think it is.

---

Individual liberty is the magic bullet.

People that abuse CC debt can avail themselves of the bankruptcy laws. Giving them "protection" is not the solution. Protect who from what? Who decides? It's a horrible mindset.

1981 Monte Carlo said:

---

Teslag said:

---

boulderaggie said:

---

The highest cc rates right now are around 36% APR which seems egregious.

---

There's a really easy way to avoid paying that interest

---

I used to be that way, but now I'm like F these mega corps and their leaders making $20-30 MM per year. So many good decent honest Americans feeling the crunch from inflation...many had lives or businesses derailed during the pandemic because there were a bunch of male and female karens (like you) overreacting to it and supporting harsh measures aginst these people.

Tax payers just trying to scrape by and provide for their families the right way, refusing to ask for handouts...while we bankroll 80% of Somali and other immigrants with entitlements.

I guess I just have some empathy for a lot of middle and lower income and working class people who may not be absolute financial gurus or may not have shared our life circumstances.

People you wanted fired for not getting the trash vaccine by the way. People you said you would report for forging vaccination cards if you caught any under your watch (Texags has the receipts).

---

I guess if you just want to lie about things I did or support that makes sense

ttu_85 said:

---

aTmAg said:

---

infinity ag said:

---

aTmAg said:

---

infinity ag said:

---

ttu_85 said:

---

YouBet said:

---

I just think this is overthinking it.

Bottom line: everyone knows that a CC company is going to penalize you and charge you for carrying a balance month to month. Higher the interest rate; the more they will charge you.

I've never read the fine print on my CC agreements because it's unnecessary. Common sense and logic are all that's needed here.

That's all there is to it.

---

Do they ? Yes, to you and I this is true. But remember when you were young, 18 - 21, and knew people that didn't have finance or economics classes, rackup a ton of debt on new furniture, a car, clothes whatever. And right off the bat they practically became indentured servants, paying on this crap for the next 7 years.

I saw this many times and warned everyone I knew. Not everyone gets an education or has the discipline to handle money wisely. And yes some companies are predatory.

Before calling be anti capitalist, know I built my company from scratch using a combination of hard work, a Tech business education, and more importantly values from an old book called the Bible- a book that called for hard work, honest living, and a call to never exploit people for $$; You know market pricing for a good product.

You know pure capitalism with an ethical emphasis is great for repeated long term business it creatres something called loyalty. This version of libertarian, buyer beware, capitalism is BS; as there is no room for ethics just $$$$$$$$$$. This BS gives real, enduring, capitalism a bad name and creates an opening for even more poisonous socialism. 36% interest rates are indentured servant level bad.

---

Great post.

Capitalism with compassion is what we need.

---

Capitalism is the most compassionate economic system ever devised.

Every anti-capitalist argument you make screws people over and is an argument against compassion.

---

Capitalism can be compassionate but it is usually not. In the US it is not. In reality it is not right, and even stupid to weigh every decision with money. But that is what we do here. Which is why we have sold out half the country to India, China, Muslims, Africans, Mexicans. And we want to tax Uncle Jim and Aunt Martha who can barely survive at 85 while the same people fight for the rights of the billionaires because "they create jobs". Wow.

This is not to say socialism is better, I think it is definitely worse, but capitalism is not the silver bullet people think it is.

---

Like usual, your diagnosis of the problem is dead wrong.

The US has NEVER been less capitalist than we are now. The problems you see today are not because of the "pursuit of money", billionaires, or any of that nonsense. It's because the government at all levels has intruded so heavily into the free market that we aren't truly capitalist anymore. We haven't "sold out" to India, China, etc. The US government, through it's policies, has pushed the cost of living and labor here so high, that production is not viable here anymore. Back when we were clearly the most prosperous country in the world, we were easily the most capitalist country in the world.

It's literally the LACK of capitalism that is our problems. Not too much of it.

---

THIS !!. People forget their are MANY DIFFERENT implementations of "Capitalism". And they forget that "Capitalism" is evolutionary and can evolve or devolve to less efficient states. Capitalism is at its best when it provides opportunities for its people via easy market entry, lots of competition, low taxes, available capital, easy company start up policies, and a culture that is both ethical and willing to risk and work.

But culture also is a factor as it affects the TYPE of capitalism. Is it an ethical version or a dog eat dog variant AKA Monopolistic/ oligopolistic versions when only 1 or a few companies run everything. I ask you Laissez-faire types this question ? Is this libertarian version, facing minimal competition [A LACK of Capitalism], good for the people of the US ?

1. Does it encourage competition-> the main driver of innovation ?
2. Does it grow the MEDIAN income levels?
3. How is it reconciled with human nature- which lets be honest is terrible, as greed, desire for power, etc can grow into cancers in any eco or human political system?
4. How does Capitalism prosper in a cultural climate of greed, envy, control, fear Vs a culture of ethics, practical compassion, hard work, risk taking.

In fact I'd argue that human nature run amok is toxic to the capitalistic eco system- which I think is BY FAR the best in the world when implemented by a just, ethical, and responsible population. Problem is humanity when boiled down it its bare nature isn't ethical. Given enough time any system collapses if the culture is rotten. But when a culture has a strong ethical base capitalism will soar and build a world class economy.

After all those commie bosses in the workers paradise, USSR, had their Dauchas in the Russian country side- even with fresh bread while the Russian peopled waited in breadlines for hours for a slice of moldy commie paradise.

---

The reason we have few oligopolistic firms today is BECAUSE of government and "regulatory capture". Government decides to regulate an industry, that agency gets infiltrated by industry personnel, and the agency then writes regulations to raise the barrier to entry and hinder competition. This is yet another example of government impeding the free market.

Capitalism is neither compassionate nor heartless. It is efficient. These efficiencies have elevated standards of living, opportunity, and capacity for charity like no other system.

But as time passes the result has become an increasingly complicated and competitive space, which rewards shifting sets of specializations.

Remember: half of the population is less wise than the average man. Being fine with bankers ensnaring every young fool and then blaming the 19yo with a 80 IQ for their lack of financial literacy is pretty dark.

Poor Banking CEOs. How will they subsist?
Evil Trump is hurting their moneylending business.

Credit card stocks sink after Trump proposes 10% cap on fees: 'Yikes'
https://finance.yahoo.com/news/credit-card-stocks-sink-after-trump-proposes-10-cap-on-fees-yikes-131352785.html

Quote:

---

Shares in major credit card lenders tumbled in early trading Monday after President Trump late Friday proposed a 10% cap on the fees these cards charge customers.
Shares of Capital One (COF) and Synchrony Financial (SYF) fell as much as 10% in premarket trading on Monday. American Express (AXP) and Citigroup (C) shares were down about 4% before the open, while JPMorgan Chase (JPM) and Bank of America (BAC) shares were off closer to 2%.

---

Signel said:

---

Going to be a whole lot of cards closing and less credit....

---

You say that like it is a bad thing
People into too much debt need lower rates to dig out not more credit
If the govt that regulates these businesses wants to change regulations there are mechanisms to make it happen. An EO is probably not one of them but
Presidents over reaching on EOs is just a day of the week that ends in Y

1981 Monte Carlo said:

---

Teslag said:

---

boulderaggie said:

---

The highest cc rates right now are around 36% APR which seems egregious.

---

There's a really easy way to avoid paying that interest

---

I used to be that way, but now I'm like F these mega corps and their leaders making $20-30 MM per year. So many good decent honest Americans feeling the crunch from inflation...many had lives or businesses derailed during the pandemic because there were a bunch of male and female karens (like you) overreacting to it and supporting harsh measures aginst these people.

Tax payers just trying to scrape by and provide for their families the right way, refusing to ask for handouts...while we bankroll 80% of Somali and other immigrants with entitlements.

I guess I just have some empathy for a lot of middle and lower income and working class people who may not be absolute financial gurus or may not have shared our life circumstances.

People you wanted fired for not getting the trash vaccine by the way. People you said you would report for forging vaccination cards if you caught any under your watch (Texags has the receipts).

---

Welcome to the good side. There is a lot more work to do to convert the brainwashed masses who think the billionaire cares about them.

We claim to have capitalism but all it does it make the obscenely rich even richer for not doing that much work. Poor cannot even get by and they are taxed as well. Then these billionaires send jobs to Asia and lie through their teeth to say Americans are lazy and stupid as "we gotz no skillz here in 'Merica!".

geddaaadaheeyah!

Which may well push the banking industry to lower interest rates in an effort to.get "ahead" of pending changes.

I dont support him tampering with the market or picking winners/losers, but this may actually have an effect.

infinity ag said:

---

Poor Banking CEOs. How will they subsist?
Evil Trump is hurting their moneylending business.

Credit card stocks sink after Trump proposes 10% cap on fees: 'Yikes'
https://finance.yahoo.com/news/credit-card-stocks-sink-after-trump-proposes-10-cap-on-fees-yikes-131352785.html

Quote:

---

Shares in major credit card lenders tumbled in early trading Monday after President Trump late Friday proposed a 10% cap on the fees these cards charge customers.
Shares of Capital One (COF) and Synchrony Financial (SYF) fell as much as 10% in premarket trading on Monday. American Express (AXP) and Citigroup (C) shares were down about 4% before the open, while JPMorgan Chase (JPM) and Bank of America (BAC) shares were off closer to 2%.

---

---

You understand that this will screw people who need loans, right?



Your hatred of CEOs is worse than TDS.

ttu_85 said:

---

J. Walter Weatherman said:

---

Concerned Moderate Ag said:

---

https://www.livemint.com/economy/trump-warns-of-very-severe-things-if-credit-card-companies-fail-to-lower-interest-rates-to-10-by-january-20-11768183476509.html

"Speaking to reporters who asked what happens after January 20 if credit card companies continue to charge over 10% interest rates, Trump said "then they are in violation of the law."

Guess we've move passed "calling for" to "because I said it's the law"

---

Always fun when the President of the United States doesn't understand how basic government works.

---

Yeah its hard to say whats better or worse, a successful business man that became pres or a career politician such as Biden that stole the presidency yet had no idea how the world or an economic system worked. Lets see........

Ill go with the successful business guy that can delegate but doesnt "doesn't understand how basic government works".

---

Agreed Biden sucks. Does that mean we can't criticize Trump for 1. Pushing a policy that is Bernie's wet dream, and 2. not knowing something that most of us learned in 3rd grade?

infinity ag said:

---

1981 Monte Carlo said:

---

Teslag said:

---

boulderaggie said:

---

The highest cc rates right now are around 36% APR which seems egregious.

---

There's a really easy way to avoid paying that interest

---

I used to be that way, but now I'm like F these mega corps and their leaders making $20-30 MM per year. So many good decent honest Americans feeling the crunch from inflation...many had lives or businesses derailed during the pandemic because there were a bunch of male and female karens (like you) overreacting to it and supporting harsh measures aginst these people.

Tax payers just trying to scrape by and provide for their families the right way, refusing to ask for handouts...while we bankroll 80% of Somali and other immigrants with entitlements.

I guess I just have some empathy for a lot of middle and lower income and working class people who may not be absolute financial gurus or may not have shared our life circumstances.

People you wanted fired for not getting the trash vaccine by the way. People you said you would report for forging vaccination cards if you caught any under your watch (Texags has the receipts).

---

Welcome to the good side. There is a lot more work to do to convert the brainwashed masses who think the billionaire cares about them.

We claim to have capitalism but all it does it make the obscenely rich even richer for not doing that much work. Poor cannot even get by and they are taxed as well. Then these billionaires send jobs to Asia and lie through their teeth to say Americans are lazy and stupid as "we gotz no skillz here in 'Merica!".

geddaaadaheeyah!

---

For every Elon Musk, who is willing to setup starlink for countries like Iran who are blacked out and trying to fight a good and noble revolution, there are thousands of CEO's and uber wealthy who do not care about anyone else but themselves. And almost all of them supported me being fired for not getting the trash "vaccine" a few years ago, or at the best just went along with it without even questioning it, which I will personally never forget.

I am talking about CEO's of major corporations just to be clear. The leaders of small and mid sized companies seem to have much more in common with us.

Ignore the word "religious" and just focus on the "moral" part if one must...but I think this applies to economic systems as well. The problems you mention stem from so many of these uber rich being immoral to the core.

aTmAg said:

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infinity ag said:

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Poor Banking CEOs. How will they subsist?
Evil Trump is hurting their moneylending business.

Credit card stocks sink after Trump proposes 10% cap on fees: 'Yikes'
https://finance.yahoo.com/news/credit-card-stocks-sink-after-trump-proposes-10-cap-on-fees-yikes-131352785.html

Quote:

---

Shares in major credit card lenders tumbled in early trading Monday after President Trump late Friday proposed a 10% cap on the fees these cards charge customers.
Shares of Capital One (COF) and Synchrony Financial (SYF) fell as much as 10% in premarket trading on Monday. American Express (AXP) and Citigroup (C) shares were down about 4% before the open, while JPMorgan Chase (JPM) and Bank of America (BAC) shares were off closer to 2%.

---

---

You understand that this will screw people who need loans, right?



Your hatred of CEOs is worse than TDS.

---

If he is talking about CEO's of major corporations, his position is justified imo. They revealed themselves during the era of extremely tyrannical mandates. Money worshiping cowards of the highest order. I don't care about fiduciary duties...if you care more about that than the livelihood of your own employees during unprecedented oppression, especially coming out of a pandemic that was hard on many (mentally and financially), you are a complete POS and a coward. Jesus warned about people like this and how hard it was for them to be saved.

Obviously there are few exceptions...I am not saying all CEO's are spineless maggots...just the vast majority. I am far right, and I used to go to bat for these spineless cretins, so I get it. But if the Covid tyranny didn't wake people up...

Quote:

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The reason we have few oligopolistic firms today is BECAUSE of government and "regulatory capture". Government decides to regulate an industry, that agency gets infiltrated by industry personnel, and the agency then writes regulations to raise the barrier to entry and hinder competition. This is yet another example of government impeding the free market. The reason we have few oligopolistic firms today is BECAUSE of government and "regulatory capture". Government decides to regulate an industry, that agency gets infiltrated by industry personnel, and the agency then writes regulations to raise the barrier to entry and hinder competition. This is yet another example of government impeding the free market.

---

This. In spades.

aTmAg said:

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Like usual, your diagnosis of the problem is dead wrong.

The US has NEVER been less capitalist than we are now. The problems you see today are not because of the "pursuit of money", billionaires, or any of that nonsense. It's because the government at all levels has intruded so heavily into the free market that we aren't truly capitalist anymore. We haven't "sold out" to India, China, etc. The US government, through it's policies, has pushed the cost of living and labor here so high, that production is not viable here anymore. Back when we were clearly the most prosperous country in the world, we were easily the most capitalist country in the world.

It's literally the LACK of capitalism that is our problems. Not too much of it.

---

Truth!

Govt interference is NEVER the answer, unless you're a lib.

1981 Monte Carlo said:

---

aTmAg said:

---

infinity ag said:

---

Poor Banking CEOs. How will they subsist?
Evil Trump is hurting their moneylending business.

Credit card stocks sink after Trump proposes 10% cap on fees: 'Yikes'
https://finance.yahoo.com/news/credit-card-stocks-sink-after-trump-proposes-10-cap-on-fees-yikes-131352785.html

Quote:

---

Shares in major credit card lenders tumbled in early trading Monday after President Trump late Friday proposed a 10% cap on the fees these cards charge customers.
Shares of Capital One (COF) and Synchrony Financial (SYF) fell as much as 10% in premarket trading on Monday. American Express (AXP) and Citigroup (C) shares were down about 4% before the open, while JPMorgan Chase (JPM) and Bank of America (BAC) shares were off closer to 2%.

---

---

You understand that this will screw people who need loans, right?



Your hatred of CEOs is worse than TDS.

---

If he is talking about CEO's of major corporations, his position is justified imo. They revealed themselves during the era of extremely tyrannical mandates. Money worshiping cowards of the highest order. I don't care about fiduciary duties...if you care more about that than the livelihood of your own employees during unprecedented oppression, especially coming out of a pandemic that was hard on many (mentally and financially), you are a complete POS and a coward. Jesus warned about people like this and how hard it was for them to be saved.

Obviously there are few exceptions...I am not saying all CEO's are spineless maggots...just the vast majority. I am far right, and I used to go to bat for these spineless cretins, so I get it. But if the Covid tyranny didn't wake people up...

---

It's not justified. Many of the CEOs you are talking about were put into a tight spot by the Biden administration. My employer, for example was required to adhere to this, and on paper we did. But they gave everybody every excuse in the world to get out of it. And a crap ton of people got exemptions. I suspect lots of companies were the same.

Secondly, a bunch of them fell for the fear mongering. They actually thought that if they didn't mandate vaccines that a huge percentage of their workforce would die. That is not evil, that is just naive.

The only ones that count as "evil" are those who actually believed that COVID was no big deal, that there wasn't a threat to their employees, an imposed the mandates anyway, just because (or to purge conservatives out of their company).

1981 Monte Carlo said:

---

aTmAg said:

---

infinity ag said:

---

Poor Banking CEOs. How will they subsist?
Evil Trump is hurting their moneylending business.

Credit card stocks sink after Trump proposes 10% cap on fees: 'Yikes'
https://finance.yahoo.com/news/credit-card-stocks-sink-after-trump-proposes-10-cap-on-fees-yikes-131352785.html

Quote:

---

Shares in major credit card lenders tumbled in early trading Monday after President Trump late Friday proposed a 10% cap on the fees these cards charge customers.
Shares of Capital One (COF) and Synchrony Financial (SYF) fell as much as 10% in premarket trading on Monday. American Express (AXP) and Citigroup (C) shares were down about 4% before the open, while JPMorgan Chase (JPM) and Bank of America (BAC) shares were off closer to 2%.

---

---

You understand that this will screw people who need loans, right?



Your hatred of CEOs is worse than TDS.

---

If he is talking about CEO's of major corporations, his position is justified imo. They revealed themselves during the era of extremely tyrannical mandates. Money worshiping cowards of the highest order. I don't care about fiduciary duties...if you care more about that than the livelihood of your own employees during unprecedented oppression, especially coming out of a pandemic that was hard on many (mentally and financially), you are a complete POS and a coward. Jesus warned about people like this and how hard it was for them to be saved.

Obviously there are few exceptions...I am not saying all CEO's are spineless maggots...just the vast majority. I am far right, and I used to go to bat for these spineless cretins, so I get it. But if the Covid tyranny didn't wake people up...

---

You are right, I am talking about CEOs of major corps. Not the honest mom and pop CEOs (who have a hard life) or those CEOs of small operations who are ethical and treat their employees with respect. I had even posted a thread about one such CEO who shared his wealth with his employees on New Years Day. Folks tried to shout me down on that thread and insult me, you can see why.

Here is a super CEO we all should aspire to be like: Link

Most people have a hard time challenging their own beliefs. I was also like that some years ago. Decades of brainwashing is not easy to undo. Hence the reaction. It will take time but things will change when people see for themselves.

You exactly understand where I am coming from. So thank you.

1981 Monte Carlo said:

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infinity ag said:

---

1981 Monte Carlo said:

---

Teslag said:

---

boulderaggie said:

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The highest cc rates right now are around 36% APR which seems egregious.

---

There's a really easy way to avoid paying that interest

---

I used to be that way, but now I'm like F these mega corps and their leaders making $20-30 MM per year. So many good decent honest Americans feeling the crunch from inflation...many had lives or businesses derailed during the pandemic because there were a bunch of male and female karens (like you) overreacting to it and supporting harsh measures aginst these people.

Tax payers just trying to scrape by and provide for their families the right way, refusing to ask for handouts...while we bankroll 80% of Somali and other immigrants with entitlements.

I guess I just have some empathy for a lot of middle and lower income and working class people who may not be absolute financial gurus or may not have shared our life circumstances.

People you wanted fired for not getting the trash vaccine by the way. People you said you would report for forging vaccination cards if you caught any under your watch (Texags has the receipts).

---

Welcome to the good side. There is a lot more work to do to convert the brainwashed masses who think the billionaire cares about them.

We claim to have capitalism but all it does it make the obscenely rich even richer for not doing that much work. Poor cannot even get by and they are taxed as well. Then these billionaires send jobs to Asia and lie through their teeth to say Americans are lazy and stupid as "we gotz no skillz here in 'Merica!".

geddaaadaheeyah!

---

For every Elon Musk, who is willing to setup starlink for countries like Iran who are blacked out and trying to fight a good and noble revolution, there are thousands of CEO's and uber wealthy who do not care about anyone else but themselves. And almost all of them supported me being fired for not getting the trash "vaccine" a few years ago, or at the best just went along with it without even questioning it, which I will personally never forget.

I am talking about CEO's of major corporations just to be clear. The leaders of small and mid sized companies seem to have much more in common with us.

Ignore the word "religious" and just focus on the "moral" part if one must...but I think this applies to economic systems as well. The problems you mention stem from so many of these uber rich being immoral to the core.

---

I am 100% in agreement with you!

I am very concerned that today's big CEOs are all about taking from America. Not giving back. They want to make billions and not contribute to America so America can stay vibrant and innovate. They are killing the golden goose that is America. I can go on and on and I am sure deep down people know I am 100% correct. But it will take time to come out and say it.

This anger at "CEOs" and the "rich" is incredibly misplaced. You seem to have been taken in by the Marxists hook, line, and sinker:

They advocate for government intervention in whatever scale is palatable at the current time. This hampers the economy since the government is choosing winners and losers, which obviously screws some people over. Everyone perceives as much as he is able that things aren't going particularly well.

Is it the Marxists' fault for suggesting the idiotic ideas that lead to a decrease in prosperity? Of course not, at least not to them. After all, they are the enlightened few who will lead us into a golden age. Instead, they deflect blame to the "rich" and the "CEOs" who have got what a lot of us haven't. They play the envy card. Just having lots of money (actually, just possessing lots of company stock, not actual cash) must be the sin here! Not atheistic utopianism, that's for sure!

Never mind the fact that everyone, the rich and the poor, are just playing by the new rules of whatever dumb government intervention the Marxists were able to enact. Winners and losers were chosen, it's a done deal. Thank you Marxists.



If you insist on ragging on "the rich" because they're amoral, you'd do well to understand that the majority of Americans today act in generally amoral ways. They do a lot of things people 80 years ago would deem unthinkable. This is the pool from which the "rich" are taken, so it's really no surprise.

But make no mistake, a free market system can survive amorality and deliver goods and services to customers at fair prices if left alone. But the Marxists won't leave it alone.

infinity ag said:

---

1981 Monte Carlo said:

---

infinity ag said:

---

1981 Monte Carlo said:

---

Teslag said:

---

boulderaggie said:

---

The highest cc rates right now are around 36% APR which seems egregious.

---

There's a really easy way to avoid paying that interest

---

I used to be that way, but now I'm like F these mega corps and their leaders making $20-30 MM per year. So many good decent honest Americans feeling the crunch from inflation...many had lives or businesses derailed during the pandemic because there were a bunch of male and female karens (like you) overreacting to it and supporting harsh measures aginst these people.

Tax payers just trying to scrape by and provide for their families the right way, refusing to ask for handouts...while we bankroll 80% of Somali and other immigrants with entitlements.

I guess I just have some empathy for a lot of middle and lower income and working class people who may not be absolute financial gurus or may not have shared our life circumstances.

People you wanted fired for not getting the trash vaccine by the way. People you said you would report for forging vaccination cards if you caught any under your watch (Texags has the receipts).

---

Welcome to the good side. There is a lot more work to do to convert the brainwashed masses who think the billionaire cares about them.

We claim to have capitalism but all it does it make the obscenely rich even richer for not doing that much work. Poor cannot even get by and they are taxed as well. Then these billionaires send jobs to Asia and lie through their teeth to say Americans are lazy and stupid as "we gotz no skillz here in 'Merica!".

geddaaadaheeyah!

---

For every Elon Musk, who is willing to setup starlink for countries like Iran who are blacked out and trying to fight a good and noble revolution, there are thousands of CEO's and uber wealthy who do not care about anyone else but themselves. And almost all of them supported me being fired for not getting the trash "vaccine" a few years ago, or at the best just went along with it without even questioning it, which I will personally never forget.

I am talking about CEO's of major corporations just to be clear. The leaders of small and mid sized companies seem to have much more in common with us.

Ignore the word "religious" and just focus on the "moral" part if one must...but I think this applies to economic systems as well. The problems you mention stem from so many of these uber rich being immoral to the core.

---

I am 100% in agreement with you!

I am very concerned that today's big CEOs are all about taking from America. Not giving back. They want to make billions and not contribute to America so America can stay vibrant and innovate. They are killing the golden goose that is America. I can go on and on and I am sure deep down people know I am 100% correct. But it will take time to come out and say it.

---

We are also talking about those big bank, east coast CEOs that support DEI by giving our preferential loans to companies that hire DEI executives. You wonder how a company like Budweiser and Harley Davidson make these idiotic hires that seem counter cultural to their brand? It's driven by the banks. My sister worked for BofA and they are (or were... she quit) absolutely preferential rates for culturally aligned companies.

infinity ag said:

---

1981 Monte Carlo said:

---

infinity ag said:

---

1981 Monte Carlo said:

---

Teslag said:

---

boulderaggie said:

---

The highest cc rates right now are around 36% APR which seems egregious.

---

There's a really easy way to avoid paying that interest

---

I used to be that way, but now I'm like F these mega corps and their leaders making $20-30 MM per year. So many good decent honest Americans feeling the crunch from inflation...many had lives or businesses derailed during the pandemic because there were a bunch of male and female karens (like you) overreacting to it and supporting harsh measures aginst these people.

Tax payers just trying to scrape by and provide for their families the right way, refusing to ask for handouts...while we bankroll 80% of Somali and other immigrants with entitlements.

I guess I just have some empathy for a lot of middle and lower income and working class people who may not be absolute financial gurus or may not have shared our life circumstances.

People you wanted fired for not getting the trash vaccine by the way. People you said you would report for forging vaccination cards if you caught any under your watch (Texags has the receipts).

---

Welcome to the good side. There is a lot more work to do to convert the brainwashed masses who think the billionaire cares about them.

We claim to have capitalism but all it does it make the obscenely rich even richer for not doing that much work. Poor cannot even get by and they are taxed as well. Then these billionaires send jobs to Asia and lie through their teeth to say Americans are lazy and stupid as "we gotz no skillz here in 'Merica!".

geddaaadaheeyah!

---

For every Elon Musk, who is willing to setup starlink for countries like Iran who are blacked out and trying to fight a good and noble revolution, there are thousands of CEO's and uber wealthy who do not care about anyone else but themselves. And almost all of them supported me being fired for not getting the trash "vaccine" a few years ago, or at the best just went along with it without even questioning it, which I will personally never forget.

I am talking about CEO's of major corporations just to be clear. The leaders of small and mid sized companies seem to have much more in common with us.

Ignore the word "religious" and just focus on the "moral" part if one must...but I think this applies to economic systems as well. The problems you mention stem from so many of these uber rich being immoral to the core.

---

I am 100% in agreement with you!

I am very concerned that today's big CEOs are all about taking from America. Not giving back. They want to make billions and not contribute to America so America can stay vibrant and innovate. They are killing the golden goose that is America. I can go on and on and I am sure deep down people know I am 100% correct. But it will take time to come out and say it.

---

Who is "taking billions"? While guys like Elon Musk and Jeff Bezos are WORTH billions, they aren't getting that as salaries, and they sure as hell aren't "taking" any of it. It's merely that the companies that they partly own have grown to become WORTH that much. Wealth != income. And for every dollar of value they have gained by the increasing value of their companies, they have provided the world with MANY TIMES more as customers, suppliers, employees, and shareholders.

You got CDS

Sq 17 said:

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Signel said:

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Going to be a whole lot of cards closing and less credit....

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You say that like it is a bad thing
People into too much debt need lower rates to dig out not more credit
If the govt that regulates these businesses wants to change regulations there are mechanisms to make it happen. An EO is probably not one of them but
Presidents over reaching on EOs is just a day of the week that ends in Y

---

I didn't say it like it was bad. The truth is, it will have positive and negative impacts across the economy. Time will tell how it plays out, but businesses are not going to accept risk without a reward, so credit lines will suffer.

Credit cards are fundamentally based off predatory interest rates. It's wrong to give an 85 IQ 20-year-old a credit card, then blame him when he runs up a balance. Yes it's his fault. But why set him up for failure?

Who cares if you don't get as many points and free flights?

Capitalism is great. It also needs guidelines. For example, it's illegal to make false claims in advertising. The free market doesn't solve for that on its own.

Predatory interest should be illegal.

Credit cards are essentially loan instruments with the borrower providing zero collateral to the lender who assumes all the risk.

Of course such unsecured loans carry a much higher interest rate, but simply paying off the balance each month avoids paying any interest at all.

This is more about too many people not living within their means than it is rapacious banking.