This might actually be a good way to teach kids about credit and interest. Let them borrow a small amount at a high interest rate and walk them through paying it off.
It’s one thing to tell them about financial responsibility. But watching a bad choice drain their piggy bank is the sort of trauma that leaves a scar.
Let’s not scar children to teach them lessons. I’m sure there’s a better way to teach a kid about interest besides getting a loan from McDonald’s.
A couple dollars is a cheap price for such a valuable lesson.
Credit seems like a tax on the poor.
You don’t have to use credit, taxes are taken from you by force. Not comparable imo.
You also don’t have to pay taxes. Plenty of rich people don’t
The richest Americans lobbied the government aggressively to pay less taxes. They’re all skipping out on their fair share and foisting the burden on everyone with less than 100 million in the bank.
This is why we should eat the richest person each year and re-distribute their wealth.
Imagine all those greedy fucks using their vast wealth to investigate and call out the real wealth and scummy accounting of the other ultra wealthy.
