A pair of progressive Democrats unveiled a bill on Tuesday that would raise the federal minimum wage to $25 per hour, considered the bare minimum a single adult needs to meet the cost of living in much of the US.
The Living Wage For All Act is the first bill to be introduced by the newly sworn-in Rep. Analilia Mejía (D-NJ), who won a special election earlier this month after helping to lead the fight for a $15 minimum wage in her home state of New Jersey.
Or just stop granting loans to people with net worth over some amount. If they can afford to do whatever they’re doing with their current assets, then they should sell that to make the value of the loans they “need”.
Loans aren’t meant to be a gamble or profitable (for the borrower) transaction. They’re to access items you can’t currently afford but need and are willing to pay significantly for over time.
Especially when your net assets cover the cost of the loan amount hundreds of thousands of times like “Richie’s” do.
I’m sorry, but people who have never seen a balance in their life with less than 7 digits just shouldn’t qualify for any loans at all, period.
And none of that signing stuff of to hidden Bank accounts and fake companies.
Tldr- if you’re rich, absolutely disqualified for all loans.