Absolutely. We should simply make it a law that people with bad credit can't have credit cards.....
Of course then people will say that is discriminatory against those people, so then we will make it a law that no one can have credit cards at all......
but this will kill a lot of businesses, so then we will make a law saying that everyone must be given a credit card no matter what, and all at the same rate, (in order to make it fair).....
but then a lot of people will spend too much and not be able to pay their debts and then the credit card issuers will go out of business, (as many have), and no one will want to invest in opening a new credit card company since it will be all risk and little profit, so then card issuers will disappear, and we are back to square one....
Maybe we could have the government control what each of us is allowed to spend, and what we are allowed to spend it on..... OR WE COULD JUST HOLD ADULTS RESPONSIBLE FOR THEIR OWN ACTIONS REGARDING HOW MUCH THEY SPEND AND NOT SCREW IT UP BY MAKING SILLY LAWS WITH UNINTENDED CONSEQUENCES, WHICH HAPPENS ALL THE TIME.....
(Look at the results of the Durban amendment, which capped swipe fees paid by merchants, and then caused those fees to be passed to consumer's instead.... meanwhile the merchants didn't "pass the savings on to the consumer", did they?)
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