Refresh   Tag(s): Food For The Poor
Add to My Group

October 4, 2007 at 09:34:39     Permalink Financial Institutions take from the poor and give to the rich Diary Entry by Anton Grambihler (about the author)

SAVE AS FAVORITE VIEW FAVORITES

View Ratings | Rate It

Taking Money from the Poor and giving it to the Rich.

::::::::

Is it fair that Financial Institutions take from the poor and give to the rich?
 
They do it in the following ways:
 
1. The prices that Merchants charge include the fees incurred by customers who use Credit Cards. Since poor people cannot get credit cards, they are in effect subsidizing the rich.
 
2. Credit Card companies have Excess Profits and give Rebates to customers for using their Credit Card. These Excess Profits and Rebate Money either comes from inflated fees paid by the stores or by inflated interest rates paid by people who cannot afford to pay their bills in full.

I have told my Senators and representatives that this is not right, but never received a response back.

I get my rebates in cash if I can. I then use the Money to buy Food for the Food Bank.

I include the above message with the additional sentence: "This food worth $xxx.xx is from a Credit Card Rebate.

 

 

Take action -- click here to contact your local newspaper or congress people:
Oppose Taking Money from the Poor and giving it to the Rich

Click here to see the most recent messages sent to congressional reps and local newspapers

I think that all people must be held accountable for their actions under the law. ----- Everyone must be treated the same under International Law, National Laws, and Local Laws, NO EXCEPTIONS! ----- Let only God enforce the laws created by God and (more...)
 

 

 
Want to post your own comment on this Diary?

---

 

 

 

Tell a Friend:

Copyright © 2002-2009, OpEdNews Powered by Populum