Amstel
The Hoarse Whisperer
he should have said "debt" instead of "credit cards" but the point still stands. remember, these folks are usually so tight on money that when they get sick they're in debt to the hospital. when they need a vehicle they can't afford to drop $1000 on a used civic, they instead have to go to a "buy here pay here" place that will put them in further debt and take more of their money. when that car breaks down guess who's getting a payday loan because it's either that or lose their job due to lack of transportation. the poor are in debt, that doesn't mean they have an abundance of credit cards
I sure don't see how it would benefit the upper class to have an entire section of the population beholden to debt. I sure don't see how it would benefit them to have what is essentially slavery in the form of the private prison industry which can keep itself stuffed simply be enforcing laws on poor people differently. I sure don't see how keeping a section of the population under-educated and malnourished could be useful for the class of people that exploit their labor and trust for profit margins.
nope, can't see that at all
Dude, all this doom and gloom for a subset of the population with so little money. It's like you're saying all the big corporations with their billions are laser focused on picking up the change left in teh street. Dude, there's no money in 'poor' for the big guys. And trying to blame 'lending' as a whole is a crock. Lending has been around as long as prostitution. Just like the big bad lenders, the prostitutes are to blame. We get it.