Well done on the Government finally doing something to cap loan sharks.
In the future of course.
So let’s rephrase that, well done the Government doing ‘something’ at ‘some undefined point’ in the future about capping dirty filthy scum loan sharks.
Like all things this Government does, it’s too little too late.
So while they’re patting themselves on the back over promising to do something about loan sharks in 2020, how about the other evil scum bag when it comes to plunging beneficiaries into debt – the Government itself?
Reports obtained through the Official Information Act revealed that as of March 2018, half a million people are in debt with the Ministry of Social Development, with the total debt being $1.5 billion. Most of the debt comes from overpayments and recoverable advances for basic necessities such as clothing, furniture and petrol. Weekly repayments are set by MSD, with some low-income people expected to pay up to $80 a week which comes out of their benefit.
Add to that the sexist and cruel billions in penalties for child support, the vicious student loan repayment system that keeps students from returning home and which has more tax chasers than the rich white collar criminals get and the legal aid farce which forces poor people to plead guilt rather than take out debt to get legal representation.
How dare this government clap itself on the back over predatory lenders when the Government is the worst predatory lender of all!
It’s just another feel good promise that hasn’t even been implemented while the Government continues to act just as cruelly as the behaviour they are legislating against.