Posts Tagged 'Debit card'

One Percenters Get Their Own Special Social Welfare Deal

One percenters have it all, extra houses, extra cars, even an exclusive legal defense if they kill, “affluenza,” to keep them out of jail.

But until last week, they felt unfairly denied access to the benefits of social welfare organizations, United Way, Habitat for Humanity and the like. Now, these are rich people, so they wanted special social welfare groups, ones that would solely benefit rich people. And that’s exactly what they got.

The Internal Revenue Service gave it to them. The ...

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L. ALI KHAN – Debt Serfdom in America

As of October 2015, American consumers owe $8.17 trillion in mortgages, $900 billion in credit cards, and $1.19 trillion in student loans. Home mortgages, credit cards, and student loans occupy the most of the consumer credit market.

The consumer credit market is the dream paradise of money merchants, known as moneylenders. Just as pharma companies sell drugs to make money by way of profit, money merchants sell money to make money by way of interest. Note again, money merchants sell money to make ...

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