The people who couldn’t pay their car note in the first place usually ain’t the type making a shit ton of money. They probably pay little taxes if any.
Well, yes and no. It’s grey like most things in life.
Banks and credit are a means to “grow the pie” by allowing us to factor in future value. Before banks and credit, the world was a zero sum game where one person only had because the other person had not.
They do serve a real purpose but are only valuable when properly managed.
So either banks make money or banks take money.
The people who couldn’t pay their car note in the first place usually ain’t the type making a shit ton of money. They probably pay little taxes if any.
So taking responsible people’s money then.
Well, yes and no. It’s grey like most things in life.
Banks and credit are a means to “grow the pie” by allowing us to factor in future value. Before banks and credit, the world was a zero sum game where one person only had because the other person had not.
They do serve a real purpose but are only valuable when properly managed.