That's bullshit

No way he came out of a sweet anything

Stupidity hurts, yes. Thankfully it hurts the idiot the most, sadly they are too stupid to realize that.

People mad at EVs reach peak dumbass.

What you want is for everyone else to suffer and fuck them. You're like so many other inbred fucks who settled Oregon after the South lost the war.

What you want is no inconvenience for yourself even if everyone else gets fucked. It's right in your handle.

Why would reducing the interest rates (assuming Trump could do that, which he can't) have any effect on that? As you point out, those rewards aren't funded by interest, they're funded by transaction fees. If interest rates went down it would just cause people with bad to mediocre credit to lose their credit cards because the interest rate isn't high enough to justify the risk. It wouldn't affect those who have good credit and don't carry balances on their credit cards anyway, and that's the crowd that gets the rewards cards.

I agree, except merchants should also add a "cash handling" fee for those who pay with cash. Cash is surprisingly expensive for merchants to deal with. Between "shrinkage" (i.e. theft), the labor required to count, manage secure and deposit it, and the fees merchants pay to banks for cash delivery, it adds up to a surprising total, somewhere around 1-2% of cash transaction volume. High-volume merchants like grocery stores pay an additional "cash tax" in the form of reduced throughput because it takes longer (especially when you get that customer who insists that she has exact change, just a moment while she digs through her purse to find it), and it also makes self-checkout lane equipment more expensive to buy and maintain, to the point that most just refuse to buy self-checkout equipment that is capable of accepting cash.

Honestly, the most efficient payment is something like a credit or debit card, but with a competitive structure and implemented in your phone (a la Google Wallet or Apple Pay). If you put those fees on the customer's receipt it would motivate people to seek cheaper fee structures. That would incentivize competition between merchant acquirers and card issuers to provide the lowest possible transaction price for merchants and consumers both. I expect the fees would end up in the 0.1-0.3% range, below debit cards and below cash (debit card fees are already lower than what it costs to manage cash).

You mean like how Trump loads corporations up with debt and then has them go bankrupt in order to avoid paying taxes?

It's not going to solve any problems because it's not going to happen. The president is not a dictator (though not for lack of trying to be one) and his word is not law, despite him thinking it is (see ArchieBunker's link above.)

It only seems like an overreaction if you have had your head completely up your ass since before his first presidency. Try paying attention to what's actually happening sometime.

Which actually makes me dislike them a little bit more. Trump is an ignoramus who listens to no one with a clue, has no concerns beyond the present moment and always says whatever he thinks will help him the most right now, without regard to truth or reason. Sanders and AOC are allegedly smart and serious politicians who undoubtedly have access to good economic advice and yet still say this stuff.

Trump's plan would be an absolute bonanza for the payday loan and title loan places. Pawn shops would probably get a big boost, too. And the illegal lenders, AKA loan sharks.

That's neat, I'm glad it's working, I just hope it doesn't leave yet another toxic debt. Cyanobacteria commonly produce toxins.

You know, I never much cared for Congress. But now that it's gone, I find that I miss it.

So all you've shown is a lot of evidence that you don't understand what fascism is. Thanks for clarifying that.

I'm sure he'll bring it up again sometime, once he gets tired of bombing shit. OTOH, bombing shit is pretty entertaining, so maybe not.

Well, at least that would be the case if he actually had any power to institute a cap, and if the cap wouldn't result in credit cards simply becoming unavailable to large swaths of the American public.

If she said it, she'd be saying it for a different reason.

Some of us care how things are done, which is informed by why.

Some are stupid enough to not care, or corrupt enough to use a disingenuous argument, or both.