Making payday lending illegal will push poor people who desperately need the cash to seek it from organized crime instead.
There’s a reason those bills get stopped and killed. They sound good on their face, but when you dig into the details they harm the people they’re supposed to help.
Re:Killing TurboTax
by specialist on Thursday March 04, 2021 @12:04PM
(#26344940)
What's a reasonable interest rate for pay day loans? Should there be an upper limit?
Democrats had filibuster proof senators when Obama was president. They had way more than 50%.
Why did this not happen then?
Re:Killing TurboTax
by specialist on Wednesday March 03, 2021 @01:27PM
(#26332446)
You'll have to ask Sen Joe Lieberman. Please share his answers. I'm dying to know too. https://en.wikipedia.org/wiki/Joe_Lieberman
And every year there's a "blue dog" Democrat living in a purple district which bends to the pro pay day loan lobbyists.
Vetocracy is a tough problem. Our civic legacy is to fear the mob, tyranny of the majority. (Thanks Plato.) So it's rare that mere popular support ( >60%) is sufficient to attain progress.
So, to your point, mere 50% + 1 vote ain't ever enough.