Matthew Yglesias

@mattyglesias ↗

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Last Checked March 15, 2023

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Mon Mar 13 01:40:07 +0000 2023

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Matthew Yglesias @mattyglesias

A rich person on any given day has way more credit card debt than a poor person. Because he's rich, he pays it off at the end of every month. But because he always pays it off, the banks want to lend him tons of money. — PolitiTweet.org

Posted March 13, 2023

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Matthew Yglesias @mattyglesias

I have a lot of problems with this thread, but this tweet in particular is driving me crazy — is growing access to credit a *counterpoint* to falling poverty or an example of it? People don't like to lend money to the desperately poor. — PolitiTweet.org

Non-mortgage debt is up 200% since 1989 but anchored poverty is supposedly down 50%. 🤔 https://t.co/kgVm8wTeAe

Posted March 13, 2023

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Matthew Yglesias @mattyglesias

When interest rates were low, billionaires borrowed against their unrealized capital gains to avoid taxes. You might not like that trend, but it wasn't rising poverty. https://t.co/ONY2z0iEUh — PolitiTweet.org

Posted March 13, 2023