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Thread: Cash for votes

  1. #1

    I Am Legend

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    Labour pledges law to cut credit card debt - BBC News

    Between limiting credit card debt and student debt, will enough votes be purchased to get Corbyn elected?

  2. #2

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    Quote Originally Posted by BrilloPad View Post
    Labour pledges law to cut credit card debt - BBC News

    Between limiting credit card debt and student debt, will enough votes be purchased to get Corbyn elected?
    The part about helping people to get out of the debt cycle seems like a great idea.

    Until you realise that they will fall straight back into it.

  3. #3

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    Quote Originally Posted by original PM View Post
    The part about helping people to get out of the debt cycle seems like a great idea.

    Until you realise that they will fall straight back into it.
    If all the money in the world was divided equally, in 6 months there would be some very rich people and most people with nothing.

    Though there would be some very rich people who are poor now. Social mobility is tougher than 30 years ago.

  4. #4

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    The proposal is to limit the amount of interest charged so no one pays more in interest than the loaned amount.

    So surely this just means that instead of open-ended credit the companies would simply be forced to time-limit their loans and demand full repayment of the lent capital at the end of the loan period.

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