Here we go, another subthread about the god forsaken poor in America and the offensive $200 proposal (which is just a rough idea that could easily be amended with flexibilities and provisions for the poor).
OK, I will bite. What makes me think they can spare $200 for a library deposit?
The fact that it (1) it doesn't come up as an emergency (you can budget for it in advance) and (2) they know they can have all of it back whenever they want to take a break from borrowing from the library, and have returned all their loans. (Unless they are idiots who trash books.) The psychology of "I'm losing 200 dollars" isn't there.
Whereas a $500 emergency is just: oh no; goodbye, money!
People have a way of not having money when they have to cover some unexpected pure loss. Yet somehow they have iPhones, Playstations, designer sneakers and jeans, ...
And then again, maybe some people really, actually cannot do it. So, have a $20 deposit with more modest borrowing privileges. Or some other creative way.
>You could enumerate the fallacies and misunderstandings in order of appearance, then pick a tiny random number in that range and begin with that one.
Why would someone wish to do that? No one is required to disabuse you of your ignorance. Especially given the trollish comments you've plastered all over this sub.
OK, I will bite. What makes me think they can spare $200 for a library deposit?
The fact that it (1) it doesn't come up as an emergency (you can budget for it in advance) and (2) they know they can have all of it back whenever they want to take a break from borrowing from the library, and have returned all their loans. (Unless they are idiots who trash books.) The psychology of "I'm losing 200 dollars" isn't there.
Whereas a $500 emergency is just: oh no; goodbye, money!
People have a way of not having money when they have to cover some unexpected pure loss. Yet somehow they have iPhones, Playstations, designer sneakers and jeans, ...
And then again, maybe some people really, actually cannot do it. So, have a $20 deposit with more modest borrowing privileges. Or some other creative way.