Comments on: Good riddance to the tax refund loan http://blogs.reuters.com/great-debate/2012/04/17/good-riddance-to-the-tax-refund-loan/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: LightningJoe http://blogs.reuters.com/great-debate/2012/04/17/good-riddance-to-the-tax-refund-loan/#comment-43232 Sat, 28 Apr 2012 21:08:45 +0000 http://blogs.reuters.com/great-debate/?p=12555#comment-43232 And GA_Chris, maybe YOU should look at the way EU econ policy mirrors our own. Recent news from Greece belies your claim that “people are poor, but not in debt.”

If simply being poor can drive one to suicide, maybe. But anyone poor enough, as they are in Greece through EU-mandated austerity measures, will HAVE to take on debt in order to live.

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By: LightningJoe http://blogs.reuters.com/great-debate/2012/04/17/good-riddance-to-the-tax-refund-loan/#comment-43231 Sat, 28 Apr 2012 21:05:09 +0000 http://blogs.reuters.com/great-debate/?p=12555#comment-43231 CapitalismSays: “no, no you cannot regulate against stupidity”

But you CAN do that, Cap. The sense of the words say you can’t, because stupidity is an “individual choice.” Except that in social terms, it’s most often not so much a “choice,” as an expression of how the info-environment of your culture has impacted you.

If a good education is MANDATED by your culture, with all the wrinkles of a uniform social mandate, there will be no excuse left, when you want to misunderstand something. The “stupidity” will evaporate as a definition, to be replaced with a more honest stubbornness against the sense of the facts.

And because education is now competent and universal, an “honest stubbornness against the facts” will be widely seen for what it really is — a bigoted bias — rather than routinely being excused and listened to, as we now do it.

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By: GA_Chris http://blogs.reuters.com/great-debate/2012/04/17/good-riddance-to-the-tax-refund-loan/#comment-43152 Tue, 24 Apr 2012 12:47:14 +0000 http://blogs.reuters.com/great-debate/?p=12555#comment-43152 Maybe we should look overseas a bit and look at how banking regulations in the EU work, because these kind of products do not exist. Yes, people are poor, but not in debt.

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By: GA_Chris http://blogs.reuters.com/great-debate/2012/04/17/good-riddance-to-the-tax-refund-loan/#comment-43151 Tue, 24 Apr 2012 12:47:09 +0000 http://blogs.reuters.com/great-debate/?p=12555#comment-43151 Maybe we should look overseas a bit and look at how banking regulations in the EU work, because these kind of products do not exist. Yes, people are poor, but not in debt.

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By: CapitalismSays http://blogs.reuters.com/great-debate/2012/04/17/good-riddance-to-the-tax-refund-loan/#comment-43143 Mon, 23 Apr 2012 15:57:06 +0000 http://blogs.reuters.com/great-debate/?p=12555#comment-43143 Yikes…glad to see the idea of a socialist utopia has been well represented.

And no, no you cannot regulate against stupidity. You can regulate against a particular stupid action, but not stupidity as a whole. If you try and regulate every stupid action, you’ll eventually run out of other people’s money to spend. You’ll also create a society of people completely dependent upon the government. Which I suppose, if you’re a fan of the socialist utopia, is the whole idea. History would suggest that this is a terrible idea.

The solution? Guard people against predatory business practices, not stupidity. You have to hold people accountable at some point.

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By: borisjimbo http://blogs.reuters.com/great-debate/2012/04/17/good-riddance-to-the-tax-refund-loan/#comment-43125 Sat, 21 Apr 2012 06:42:52 +0000 http://blogs.reuters.com/great-debate/?p=12555#comment-43125 Please, please bring back national anti-usury laws. Repeal Gramm-Leach-Bliley, reinstate Glass-Steagall.

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By: IlluminatorAK http://blogs.reuters.com/great-debate/2012/04/17/good-riddance-to-the-tax-refund-loan/#comment-43105 Fri, 20 Apr 2012 07:59:48 +0000 http://blogs.reuters.com/great-debate/?p=12555#comment-43105 It should be noted that the real Wells Fargo no longer exists. It was taken down as a result of a botched aquisition attempt in the late 90’s. It’s remains were scraped up and sold to Norwest Bank, which usurped its good name and reputation and proceeded to embark on a decade-long spree of predatory and subprime lending. The many ethical and honest people who operated Wells Fargo through most of the 20th century would have had no part in the reprehensible conduct undertaken by the thugs who engage in these current perpetrations.

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By: skimish http://blogs.reuters.com/great-debate/2012/04/17/good-riddance-to-the-tax-refund-loan/#comment-43090 Wed, 18 Apr 2012 19:51:40 +0000 http://blogs.reuters.com/great-debate/?p=12555#comment-43090 David, you are so correct. But you’ll never convince the social Darwinists among us that the weaker individuals need the protection you recognize as necessary. The “someone will take their money” thing is the usual counsel of despair that keeps them going.

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By: DDavid http://blogs.reuters.com/great-debate/2012/04/17/good-riddance-to-the-tax-refund-loan/#comment-43089 Wed, 18 Apr 2012 19:28:53 +0000 http://blogs.reuters.com/great-debate/?p=12555#comment-43089 @v7g

The most thoughtful and intelligent blog post I have read in a very very long time. Congratulation on your well formed opinion, maybe there is hope is this society after all.

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By: v7g http://blogs.reuters.com/great-debate/2012/04/17/good-riddance-to-the-tax-refund-loan/#comment-43083 Wed, 18 Apr 2012 15:08:27 +0000 http://blogs.reuters.com/great-debate/?p=12555#comment-43083 @DavidS95

Actually, yes, yes you can regulate against stupidity. That’s how good societies function as a whole, by protecting the weaker individuals or groups in order to build a collective greatness. The greater the society the better it cares for the less advantaged.

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