Might be my background - lived half my life in a country where credit cards are interest-free for religious purposes - but 10% still seems insane.
I’d never heard of this, how do the banks make any money on the card, annual fees or something?
Imagine that, scooping up cold butter on a spatula and slapping it indiscriminately on your partner’s exposed butt.
LOL, Bernie knows that’s never going to happen. He’s just reminding the world of an empty promise that trump made, and openly offering his help so that Trump can’t say the Democrats blocked him. He’ll still say it, but there will be readily available evidence to the contrary, not that that’s ever mattered before.
Goddamn I fucking love Bernie.
What good things that Trump did promise? I am surprised that he promised this even though we know that it won’t happen.
I work blue collar, and lots of us are hopeful he will do the tax free overtime. I think he was just saying that, and I didn’t vote for him, but that would be game changer.
Would it be a game changer? It means you can do overtime without being taxed for it, right? Or maybe less taxed.
That sounds like a quick and dirty way to exhaust the population even more in order to keep the bread and circus going on.
So you got the folks working 60-100 hours a week then because it makes them a lot more money, so they are just slaving their life away. Wouldn’t a better fix be raising minimum wages?
I’m not the person you’re replying to, but though I agree that raising the minimum wage would be helpful, plenty of people are working overtime as is, even if they make more than 15/hr just to make ends meet. Plenty of people are working overtime for 20-30/hr. Would their wages go up if minimum wage went up? Maybe, but likely not and there’s certainly no guarantee. Plus, several states already have 15 as the minimum so it wouldn’t really matter to them.
I’m a dem voter, and obviously there are much better ways to help people than tax free overtime, but I understand why that would be appealing.
it’s been long enough that minimum wage should be $25/hr anyways
Smart workers then get contracts that specify anything over two hours a week is overtime.
Populists promise lots of good things; it’s just that most ring-wing populists tend to have their fingers crossed behind their back.
Why doesn’t Bernie understand Trump was just joking when he said that?!
Talk about owning the libs!
Bernie can’t even get a joke!
Just a prank bro! A social experiment!
Just like all that election fraud stuff. Totally joking guys. Got you good eh?
Bernie should run for president one of these days…
I know Bernie is being polite and playing politics, but let’s be honest: Trump keeping this promise is about as likely as Hell freezing over.
It’s not polite, it’s calling him out. Trump will say/lie about anything. At one point Trump said exactly this. He didn’t mean it, he just said some shit.
Bernie is repeating his own words because occasionally Trump says something good without any intent to follow up.
So Bernie is taking him at his word. He knows Trump will never do it, but if he can call the hypocrite out and trick him into agreeing, why not?
To want to talk about 4D Chess? There it is.
I guess we’ll see, but I think we can all appreciate his willingness to go straight to brass tacks and hold Trump’s feet to the flame while the entire Democrat Party leadership is still busy clutching their pearls.
That’s Bernie for ya!
Yeah I was gonna say this reads like “no balls”
deleted by creator
If you somehow failed to detect the sarcasm that comment was absolutely dripping with, that’s on you.
Bernie calling out bullshit yet again.
Is Burnie trying to duck season rabbit season Trump? I’m actually curious to see if this works
No. He’s calling trump out.
Yeah. One never can tell which way old men with possible dementia will twitch.
Hell, maybe he’ll have a stroke and wake up with integrity and a conscience. Weirder things have happened to nicer people, after all.
Somehow I don’t think Mr “Pro-Business” will hamper banks’ efforts to fleece us.
Trying to get that from the userer-in-chief is gonna be a nogo
I agree with you, but I can’t stop the mental image of Trump pacing back and forth worrying about his credit card debt only to concoct a scheme to become president to lower his own debts interest rate. Obviously, that’s not what happened but the thought is just so funny to me in the moment.
Who knows? Good things might happen while Trump golfs and rambles. Probably not, but it could theoretically happen.
We need to convince Trump that the way to win a legacy is to deliver something like universal health care. Present it as a display of personal power and his unique talents, and as a branding moment like no other (beyond Obamacare). 'The Democrats couldn’t do it in 50 years, but I rammed it through in 2. Got the chair of Cigna on the phone and fired him personally. Now we all have Trumpcare and even Hillary has to praise it through gritted teeth…"
The GOP tied themselves so tightly to his star that they’d have to own the pivot, or find some way to retract their allegiance. And the rest of us could at least enjoy the historic worst-person-you-know-makes-a-greatipoint moment.
I’m sure he has some evil son of a bitch on staff whose sole job is to ensure that nothing positive that trump lies about ever accidentally comes true.
I don’t understand, why use credit cards if 25% interest rate is charged?
I use my credit card all the time, and it’s set to auto pay off all of it every month, so there is never any interest charged. It basically delays the time my money leaves my bank account from the time of purchase to up to a month later, with no downside, while building credit history. The interest may be 300%, I don’t care because I’m never charged it.
I do the same, but I think they were asking for people who can’t pay it off. Those are absurd rates.
I don’t understand, why don’t they just eat cake?
Because it’s very difficult to live in our society without a credit history.
The interest rate is charged if you don’t make your payments. Otherwise, you get rewards each time you spend which makes things a little cheaper.
The “rewards” come off the backs of poor people paying these usurious interest rates.
They actually cone from the charges they push onto businesses to process the payments. The interest rates are just profit
You’re both right. The rewards are indeed mostly covered by the processing fees, but that means after covering infrastructure expenses etc., the banks are operating at a net loss (or breakeven at best), meaning they still have to fleece someone on their interest payments.
Plus those businesses pass the cost on to consumers like they do with any expense.
So ultimately, end consumers who are already being fleeced by a combination of wage theft, low wages, and high prices, are the ones who pay for everything.
Starve now, or later?
