Should payday loan outlets be regulated?

[WhenWhatWho]

1. Here's your missing accent: é. Btw, I don't know how Quebec is relevant to this subject, or I'm not sure if by that you meant they don't teach how to use your brain and how to use the thinking function in BC? You know, the thing all humans are capable of.

2. I think I was talking about grocery stores. But let me check back with myself and I'll come later with the answer. Maybe. Or you can read my previous post. I think it's all there. You know how to read say?

Are you really that dense?

So grocery store owners are supposed to sell the food for free when they have to pay for it?

Or are you suggesting that all grocery store be owned by the government so we would just transfer our discretionary grocery spending on the extra taxes?

Exactly, how would this work because I certainly can support free food. It's getting expensive.

I just can't follow you distorted line of thinking?

[matai]

Exactly, how would this work because I certainly can support free food. It's getting expensive.

I just can't follow you distorted line of thinking?

Seriously, you really need a picture?

If the government would owe grocery stores, the grocery stores would look exactly the same as they do now and the only thing that would change is where the profits are going. Exactly like they already do with every single crown corporation, such as ICBC.

But just for you:

[WhenWhatWho]

Seriously, you really need a picture?

If the government would owe grocery stores, the grocery stores would look exactly the same as they do now and the only thing that would change is where the profits are going. Exactly like they already do with every single crown corporation, such as ICBC.

But just for you:

One more time...and this is my last comment to you on this subject.

IF they gave away the food for free, there wouldn't be any profits. Get it now? Didn't think so.

[Captain Awesome]

If the government would owe grocery stores, the grocery stores would look exactly the same as they do now and the only thing that would change is where the profits are going. Exactly like they already do with every single crown corporation, such as ICBC.

But just for you:

If you take all of their profits and split it between all of employees instead of dang shareholders, every employee would get $5,000. That's it.

So much for "they can easily double everyone's wage and still make money" rhetoric.

[matai]

One more time...and this is my last comment to you on this subject.

IF they gave away the food for free, there wouldn't be any profits. Get it now? Didn't think so.

No one said there would be free food. lol aren't you funny!

[matai]

If you take all of their profits and split it between all of employees instead of dang shareholders, every employee would get $5,000. That's it.

So much for "they can easily double everyone's wage and still make money" rhetoric.

Well, minimum wage employees would get 25% more, it would still help them getting out of poverty, which is the whole point. You know, $400 a month can make the whole difference between being hungry and full, then no need for payday loan anymore.

Which is the topic, right?

[WhenWhatWho]

I do believe in free enterprise, for everything that is NOT essential to life.

Food SHOULD be free. But in the world we live in, I understand it isn't. But it shouldn't be used by businesses to enrich a few stockholders either.

Has everyone ever asked themselves, about anything, "Is it because it's like that that it's how it should be"?

It's amazing how most people are told something, or are so used to something that it becomes their "norm", making them believe it's normal, and they follow the mass like brainless zombies.

My mom used to tell me: "If such a person would jump off a bridge, would you do it as well?".

[ferri]

this thread is so far off topic i'm getting a headache. just FYI.

[matai]

Good thing there's no flowers on the carpet...

I do believe in free enterprise, for everything that is NOT essential to life.

Food SHOULD be free.But in the world we live in, I understand it isn't. But it shouldn't be used by businesses to enrich a few stockholders either.

Has everyone ever asked themselves, about anything, "Is it because it's like that that it's how it should be"?

It's amazing how most people are told something, or are so used to something that it becomes their "norm", making them believe it's normal, and they follow the mass like brainless zombies.

My mom used to tell me: "If such a person would jump off a bridge, would you do it as well?".

[matai]

this thread is so far off topic i'm getting a headache. just FYI.

My last post, well not last anymore, second last one was very on topic... If govt cared bla bla, interest rates bla bla, grocery stores bla bla, take profits increase wages bla bla then no need for payday loans anymore ;-)

[Captain Awesome]

Let's say our gov't decides to listen to people and outlaws the payday loans. Will it make life easier for those who use them? Will it make it harder? Something tells me they'll still need them, and will be provided them from less official organizations, with higher payments, and much higher risk of losing fingers if they don't pay back.

[Gixxer]

People who use payday loans are usually losers in life who have used up their good credit with family/friends, and normal banks. It has nothing to do with being poor, or homeless.

[my5cents]

This topic is about Payday LOANS, not hand outs or welfare.

If one needs to borrow money it should be because there is a pressing need for money at this moment before the person can acquire the money, ie, on payday.

The LOAN is still subject to being paid back.

How many payday loans are obtained by people who, use drugs, (which includes alcohol and tobacco) ?
Shouldn’t those type of purchases be first to go ?

How many times have you seen people in a grocery store that are obviously financially struggling. What’s on the belt being purchased ? I’ll bet a high frequency of processed, ready to eat foods, questionable nutrition “foods”.

There can be times when an actual short term loan is genuinely needed, hot water tank goes, car breaks down. When the person has poor credit, the options become very limited.

How many people who frequent these establishments do so on a regular basis ? I’m short of beer money and money for smokes, I borrow. When payday comes I pay off the loan and the interest, but now I’ll be even shorter before next payday, and the vicious cycle starts.

It’s quite a task to cure stupid. All we can do is maintain laws that somewhat curb these scumbags from charging ridiculous amounts.

Captain Awesome is right we can’t outlaw payday loans, because the alternative is even worse. But they must be regulated.

[Atomoa]

www.youtube.com/watch?v=PDylgzybWAw&lis ... HxxWREyiFc

John Oliver on payday loans.

[davis123]

People who use payday loans are usually losers in life who have used up their good credit with family/friends, and normal banks. It has nothing to do with being poor, or homeless.

OR perhaps some who have fallen on hard times and need some help...such as when my ex decided to stop paying child support with no notice whatsoever, when it was relied upon to pay bills, and I didn't want to ask my family for help when they were in a tight financial situation themselves, and I wanted to be able to help myself.

Good credit with banks can go to hell in a messy divorce, life happens and sometimes people do not have family that has the ability to help out financially. What a judgemental attitude you have, must be nice to be perfect hey?