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Anyone watching Tucker on the Koch brothers?
Posted on 6/19/19 at 7:51 pm
Posted on 6/19/19 at 7:51 pm
He's currently shitting on the the brothers for not wanting a cap on payday loan and credit card interest rates. He also made a mention that the 2017 Tax Cuts and Jobs act was much more beneficial to corporations than it was to the middle class.
Kind of surprised how far left his economic views are moving.
Kind of surprised how far left his economic views are moving.
12
Posted on 6/19/19 at 7:57 pm to nugget
quote:
He's currently shitting on the the brothers for not wanting a cap on payday loan and credit card interest rates
There shouldn't be a cap on them.
If you can get some dumbass to agree to 50%+ interest you should be able to collect it.
Edit: I find it amazing that so many of you disagree.
How hard is it to understand...
If I create a credit card that charges 500% interest then it wont be used by anyone.
If I create a business that does payday/title loans at 500%+ interest it wont be used by anyone.
Both of the above statements are actually untrue though because there may actually exist someone who cant possibly get a loan any other way.
By outlawing the possibility of said loan then it fricks the person who has to have it for whatever extreme reason they need it.
This post was edited on 6/19/19 at 9:40 pm
Posted on 6/19/19 at 7:59 pm to nugget
Well, he also pointed out how they are for unfettered immigration among other things.
Posted on 6/19/19 at 8:00 pm to Loserman
quote:
There shouldn't be a cap on them. If you can get some dumbass to agree to 50%+ interest you should be able to collect it.
Couldn't agree more. I don't think the government should intervene in a mutually agreed upon contract between 2 private parties. However, Tucker does. His economic views are literally left of center now.
Posted on 6/19/19 at 8:01 pm to BuckyCheese
quote:
Well, he also pointed out how they are for unfettered immigration among other things
Yes he did, and their views on immigration are stupid. However, I can't believe how much he wants the government to intervene in economics.
Posted on 6/19/19 at 8:02 pm to nugget
That is disappointing. I like Tucker but the gov’t doesn’t need to save people from themselves.
Posted on 6/19/19 at 8:05 pm to nugget
The Kock Brothers are for unlimited illegal immigration and open border. Also they pushed for reducing heroin dealers prison sentences while 30,000 doe annually.
That's not conservative. They are anti American.
They are not conservative. The finance the deep state.
That's not conservative. They are anti American.
They are not conservative. The finance the deep state.
Posted on 6/19/19 at 8:05 pm to nugget
quote:
There shouldn't be a cap on them. If you can get some dumbass to agree to 50%+ interest you should be able to collect it.
quote:
Couldn't agree more. I don't think the government should intervene in a mutually agreed upon contract between 2 private parties. However, Tucker does. His economic views are literally left of center now.
I bet Tucker doesn't even realize how high the effective interest of the fee on an ATM machine is.
Posted on 6/19/19 at 8:07 pm to nugget
Why wouldn't the benefits mostly go to corporations? They got the biggest tax cut. This isn't some wild notion.
Posted on 6/19/19 at 8:08 pm to cajuncarguy
quote:
That's not conservative.
Neither is putting a cap on interest rates, loving Elizabeth Warren's economic plan, agreeing with Yang's UBI or complaining on the tax cuts and jobs act.
Posted on 6/19/19 at 8:08 pm to nugget
nm
This post was edited on 6/19/19 at 8:10 pm
Posted on 6/19/19 at 8:09 pm to nugget
quote:
He's currently shitting on the the brothers for not wanting a cap on payday loan and credit card interest rates. He also made a mention that the 2017 Tax Cuts and Jobs act was much more beneficial to corporations than it was to the middle class.
Kind of surprised how far left his economic views are moving.
The Koch's are openly supporting Democrats, they are 100% for open borders, they are opposed to DJT on almost everything and now they are working with big tech to completley shut conservatives out of online debate/free speech.
frick the Koch brothers
Posted on 6/19/19 at 8:09 pm to timdonaghyswhistle
quote:
Why wouldn't the benefits mostly go to corporations?
He was saying this happened at the expense of the middle class, which it did not.
Posted on 6/19/19 at 8:10 pm to OTIS2
quote:
Keeping government out of the free market isn’t moving left. Derp.
You're derping, Tucker wants the government to put caps on these things.
Posted on 6/19/19 at 8:23 pm to nugget
quote:
Well, he also pointed out how they are for unfettered immigration among other things
Yes he did, and their views on immigration are stupid. However, I can't believe how much he wants the government to intervene in economics.
Well his point is our government is intervening for big business already, so basically frick that and we should if anything intervene for poor and middle class Americans
Posted on 6/19/19 at 8:28 pm to nugget
I’m a pretty hardcore capitalist and even I have some foibles on predatory lending.
Conversely, you don’t loan money to a person with a terrible credit history at the same rate you loan it to a person who lives beneath their means and operates in moderation.
Risk and reward go hand in hand. The borrower likely isn’t going to pay you. If he does you should profit.
Conversely, while it sucks people are too dumb to understand interest- if you over regulate this, essentially what you’ve done is create demand for loan sharking. Or you outlaw payday loans and now the person with shitty credit has no options and has to have another way to get quick cash.
Typically picking up a part time job isn’t going to be the answer.
Conversely, you don’t loan money to a person with a terrible credit history at the same rate you loan it to a person who lives beneath their means and operates in moderation.
Risk and reward go hand in hand. The borrower likely isn’t going to pay you. If he does you should profit.
Conversely, while it sucks people are too dumb to understand interest- if you over regulate this, essentially what you’ve done is create demand for loan sharking. Or you outlaw payday loans and now the person with shitty credit has no options and has to have another way to get quick cash.
Typically picking up a part time job isn’t going to be the answer.
Posted on 6/19/19 at 8:29 pm to Lsujacket66
quote:
Well his point is our government is intervening for big business already, so basically frick that and we should if anything intervene for poor and middle class Americans
So the answer is more economic intervention and less free market principles?
Posted on 6/19/19 at 8:29 pm to nugget
The Koch’s are remarkably consistent with their positions. They have many times advocated against their own financial interests. Like them or hate them. They are consistent.
Posted on 6/19/19 at 8:30 pm to nugget
Tuck has been reading /pol/ for a few years.
Posted on 6/19/19 at 8:31 pm to timdonaghyswhistle
quote:
Why wouldn't the benefits mostly go to corporations? They got the biggest tax cut.
I would love to hear your understanding of 199A and the corporate tax cut.
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