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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.
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If you somehow failed to detect the sarcasm that comment was absolutely dripping with, that’s on you.
Theres about 0% chance of this happening without something totally catastrophic being bundled alongside it, like allowing creditors to come into debtors homes and beat them with sticks.
I’d consider taking one beating vs 25% interest forever.
I’m thinking they want to put discharging debt on the chopping block.
Strange how every time somebody takes an idea Republicans spouted that would actually help people, and decide to run with it, conservatives suddenly aren’t so keen on the idea anymore.
What about this makes you think they aren’t? Let’s be real, Trump hasn’t even had a chance to renege on this promise yet, since he won’t be president for another two months.
What about this makes you think they aren’t?
Because he’s a compulsive liar and a Republican.
Bernie calling out bullshit yet again.
Goddamn I fucking love Bernie.
What that would actually mean is a complete lock-out on credit cards for the poor.
I don’t see that as a real problem. Because as it is now, credit cards are something poor people should avoid at all costs.
No, it’s a thing idiots should avoid at all costs.
A card with a 2% reward across the board(Fidelity for instance) can be used as a proxy for your debit card week to week.
It builds my credit, gives me a group of attack dogs to sic on anyone who rips me off, and gives me a cushion if I ever need it. If you never exceed your expenses and never reach beyond your means, it’s no different in consequence than paying with anything else, with a little added bonus credit and reward.
It’s people and their lack of self control that ruin credit cards.
I would expect a massive nerf/devaluation of rewards if there’s no poor people getting exploited.
I say this as someone who pays for all his family vacations almost entirely with points. About every year and a half. This time was Texas for the eclipse. Before that it was Disney world for my kids 5th birthday. Before that was COVID times and I used my points to buy hardwood floors that I installed throughout my house. Before that it was SC for the eclipse.
Absolutely banks will cut rewards, I know that when there was a law attempting to cap/eliminate late fees banks I am close to were discussing how they would offset the losses and rewards were on the block for that. That law is held up in Texas courts right now so the banks so far haven’t had to worry about it
While I do feel a sense of involvement in their exploitation by being a part of this system, I’m not going to feel bad for anyone who can’t follow the simple rules of the game.
Where’s the line between exploitation and personal fault? I can’t expect everyone who’s ever owned a credit card to have been put in the same situation where it’s the only way. For all I know, my last reward points trickled down from some asshat who financed a car on unemployment.
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Considering how many Americans have crippling credit card debt, especially poor people, would that be worse? I’m sure they’d still offer those credit builder cards with low limits that you have to deposit collateral for the limit.
Don’t Americans have a thing called Credit Score. If you are not paying off debt you don’t build up a score and good luck getting a mortgage without one.
It’s a combination of factors. Having debt itself isn’t as important as payment history, age of accounts, etc. Credit card debt is probably the opposite of helpful; paying off a card every month in full for a long time is much more useful.
Credit balances don’t negatively impact credit scores as much as one would think. It’s ultimately a combination of factors that go into an overall credit score with the heaviest hitter being payment history. If one makes all of their payments they can have a decent credit score despite carrying a 10k balance. Carrying a balance of greater than 30% of the limit will detract significantly from the overall score, but it won’t knock it below “decent” range on its own.
I’m honestly not even sure how one actually gets their score below 500. My wife got a head injury and physically could not remember whether or not she’d paid her credit cards a couple of years ago, so they ended up becoming delinquent and going to collections. Ultimately it dropped her credit score to about 500 but then it started climbing back up from the car loan and mortgage that are in both of our names and is almost up to 700 again. I seriously want to know how people manage to get their scores down to the 300s (the floor is 300) because you basically have to try in order to get your score that low. A friend of a colleague managed such a feet and then had some identity theft which actually improved his credit score because it looked more like normal credit activity than his real credit activity
I’d expect a lot more use of buy now pay later schemes like Klarna.
It’s similar to a credit card, but prevents build up of crippling debt.
I personally use my credit card and pay in full each month, not because I need the credit, but because in the UK you get the benefit of Section 75 protection on purchases. I’ve used that a few times when companies have gone bust. If I’d paid on debit card I’d have been screwed.
Buy now, pay later does not prevent crippling debt. It makes it easy to buy without thinking or realising the actual cost. It makes is easy to stack up invoices that you in the end can’t afford.
Actually asking, not rhetorical: if poor people are already getting charged based on what they can afford, would this policy exert a downward force on prices?
So way less financing options, slightly more buying outright?
Problem is the assumption that prices would go down if some people cannot afford it.
Whats happening instead is people going hungry and homeless.
The reason for this is that Supply:Demand Equilibrium is further up in price range where fewer sales at higher value yields the maximum profit.
Sure, if we presuppose that credit cards exist as a way for a middleman company to make a huge profit and pay their CEO tens of millions of dollars annually. If we instead consider them a regulatable utility, the necessary rates for viable operation go pretty far down. The business model of “convenience is free or even costs less than cash for those who already have plenty, and this convenience is funded by the destitute who are being held down by the exact same people” is also suspect to begin with, and I’d rather DiSrUpT tHe EcOnOmY than remain complicit, which I am
Doubt.
Somehow I don’t think Mr “Pro-Business” will hamper banks’ efforts to fleece us.
Trump promises require GOP to back him up to ever get close to being implemented. GOP have always voted against bank regulation/extortion limiting. People earning tips are not big GOP donors, so fuck them. Taxes on SS are only paid by richest SS earners, but GOP have been going around on trying to get overall SS cuts.
Any promise not Project 2025 is politician lip moving meant to bring Project 2025.
I hope you are wrong
Even 10% is absolutely insane, especially with the ability to directly syphon their income.
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!
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Just like all that election fraud stuff. Totally joking guys. Got you good eh?
Bernie can’t even get a joke!
I hope you are joking.
Is Burnie trying to duck season rabbit season Trump? I’m actually curious to see if this works
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.
Imagine that, scooping up cold butter on a spatula and slapping it indiscriminately on your partner’s exposed butt.
Room temperature butter is superior in both sound and splatter.
Agreed.
Go on…
Next the step involves a little setup before hand. You use microwaved butter and a funnel, then drizzle it while its hot.
I’m not sure I want to imagine that in this context. Other contexts, no problemo. Just not this one.
You don’t?
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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.
Compare that to the ~30% I’ve seen, that’s sadly an amazing shift (lol, which won’t ever happen with the fascist caucus), but I commend Bernie for trying.
Which country has interest free credit cards due to religious purposes? I googled it but did not find anything.
I know that is how Saudi Arabia works. Other sharia countries do the same too, from what I am to understand.
Malaysia and Indonesia come to mind.
Usury is forbidden (haram) in Islam, so many Muslim majority countries do in fact do this.
What good things that Trump did promise? I am surprised that he promised this even though we know that it won’t happen.
Populists promise lots of good things; it’s just that most ring-wing populists tend to have their fingers crossed behind their back.
How anyone could trust a man that cant even pay his contractors is beyond me.
According to their fucked-up logic, not paying his bills makes him smart because he’s saving money!
Never mind that the types of people he refuses to pay tend to be working stiffs. 🤦🏻♂️
It’s not about right wing or left wing populists. All populists lie because the only thing they want is to see their face on TV and to be in power.
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?
That’s what capitalists want, workers racing each other to the bottom.
What’ll actually happen under the Trump administration is that companies will be allowed to force mandatory overtime during the times they want it, and then cut your hours through the rest of the month so that your average hours are still less than 40.
What I’d like is some changes in loopholes. I worked 60-100 weeks at a movie theater as a young adult, and didn’t get overtime pay because it was the “entertainment industry.”
What people misunderstand about the tax brackets is that your entire income doesn’t get moved to a higher bracket. It’s only the income in excess of it.
So for example, let’s say you had $50,000 of taxable income in 2024 as a single filer, you’d pay 10% on that first $11,600 and 12% on the chunk of income between $11,601 and $47,150. Then you’d pay 22% on the remaining $2,850 that falls into the next tax bracket. The total bill would be about $6,053 — about 12% of your taxable income — even though your highest bracket is 22%. And this example doesn’t take into account the standard deduction.
Bottom line, this won’t save people as much as they think it will. Usually the person in the example simply complains “I’m paying 22%” because it always feels like the paycheck isn’t enough.
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.
What good things that Trump did promise?
Flying cars.
I’m not joking.
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.
