Re:Affirm CEO Says Next Recession Will Silence Fintech Lende...
by senttoschool on Sunday August 14, 2022 @09:28AM
(#32459077)
>How do you "get screwed" if someone else uses BNPL? The connection isn't clear.
If the government has to do a bail out of the BNPL industry or derivatives of it, they're going to use my tax dollars. They could also lower interest rates again, which may or may not hurt me. They could also raise tax rates to pay for the bail out.
2008 was a transfer of wealth from the poor to the rich.
If the government has to do a bail out of the BNPL industry or derivatives of it, they're going to use my tax dollars. They could also lower interest rates again, which may or may not hurt me. They could also raise tax rates to pay for the bail out.
2008 was a transfer of wealth from the poor to the rich.