Poor people don't have the credit to get credit cards, so they go to Green Dot and get charged exorbinant [sic] amounts of money. His business is one of the heaviest into the transfer of wealth from the poor to the rich.
This is a bit unfair to Green Dot. First of all I don't think their fees are that high. Secondly it's not their fault that most merchants and services expect everyone to have a bank account and nineteen credit cards. That didn't used to be the case, and eliminating credit cards would do much more to help the poor than eliminating Green Dot.
This is a bit unfair to Green Dot. First of all I don't think their fees are that high. Secondly it's not their fault that most merchants and services expect everyone to have a bank account and nineteen credit cards. That didn't used to be the case, and eliminating credit cards would do much more to help the poor than eliminating Green Dot.