While I agree with you in principle, the real world doesn't work that way unfortunately. When someone makes a really stupid decision it often affects others in negative ways - sometimes really bad ways. Someone will have to pick up the slack/tab for major blunders in life, and that's mostly us - the tax payers, imo. As much as I hate to say it, the gov't does often have to protect people from themselves. More than ever it seems.
Most states have usury laws. In Texas it is 10%, except...
There is a much, much bigger problem with excessive spending than picking up some personal bankruptcies by the taxpayer, which is probably not that often. Banks usually have to take that hit, not the taxpayer.
Or for groceries and rent....
Yeah but I'm not talking about just protecting people from their financial screw-ups, I mean protecting people from a wide variety of self destructive behaviors ie people with no medical insurance, people that live recklessly etc. Think about all the things a person is entitled to in this country if they have nothing, and now times that by millions. Someone will be on hook for helping everyone who is destitute because mistakes they made. But I agree absorbing bankruptcies because of things like title loan advances are just a small part of it, relatively speaking.
When you think “protect”, I think control that will apply universally to everyone. We do not need more laws, all we need is to say no to socializing the losses and privatizing the profits. The issue would simply vanish overnight if there were no more bailouts to the corporations.
S Daniels is below loan shark. Glad my values are above yours. Single mother raising a daughter with no other skills except knowing how to make the defense lost and confuse.
Wow cool! Hopefully they can teach that wardrobe often shows respect for a position or office.... like wearing a hoodie at all times is inappropriate
