50 years ago the gap between average income and the cost of necessities like shelter was not as great, thats why they got along fine without them.
As a general principal its true that if you dictate the terms then you must be free to dictate the offer yes. However credit is not a luxary in our current economic system. Its all but short of a necessity. Therefore I think its immoral to make the kind of profits credit card companies make off of a necessity.
I can't explain any better that the choice between massive debt and failing out of college or job loss is a non-choice and therefore not voluntary. The argument is therefore not moot.
Re: Yep, that sounds like democrats.
As a general principal its true that if you dictate the terms then you must be free to dictate the offer yes. However credit is not a luxary in our current economic system. Its all but short of a necessity. Therefore I think its immoral to make the kind of profits credit card companies make off of a necessity.
I can't explain any better that the choice between massive debt and failing out of college or job loss is a non-choice and therefore not voluntary. The argument is therefore not moot.