Become a Thom Supporter- Click the Patreon button
Have we officially returned to when the Robber Barons ruled?
We know that millions around the nation have been screwed over by predatory lenders and fine print credit card contracts – and now are swimming in debt. But can you believe that some of these people are actually being thrown in prison for going into debt? That’s right – American in the 21st century is bringing back debtors’ prisons. People who can’t pay off their credit cards can be thrown in jail in a third of the states in our nation – and since the start of 2010 – over 5,000 arrest warrants have been issued against people who owe as little as $1,000 to massively profitable corporations like Capital One.
So let me get this straight – a few years after the financial crisis where massive fraud was perpetrated by Wall Street – not one bankster is in jail – but 5,000 low or middle-class Americans who were screwed over by these banksters were sent to debtor’s prison??
It’s official - Republicans have set our country back more than 100 years – to the 1800’s – when the Robber Barons ruled and our politics were corrupted to the core.