est. 1981

News Flash: Poor People Get Screwed in America!

In Uncategorized on July 19, 2006 at 9:10 pm
A new study released Tuesday by the Brookings Institute examines the so-called “ghetto tax” that can be commonly found in low income areas. Apparently poor, urban residents are likely to spend hundreds if not thousands more than middle class residents every year on basic, everyday necessities. This is based in part on the increases in cost for operating businesses in poor areas, as well as corporate exploitation and consumer ignorance. The study shows that in poor areas, the average resident will pay $400 extra per year on car insurance, be charged two additional points on a car loan, and pay anywhere between 1% and 10% to cash a check at a store front location instead of a bank. The study also demonstrated that those utilizing “Rent to Own” businesses will pay more than 3 times the cost of the product over the life of the payments.

You know, I think these guys might be onto something. I’ve even heard that rich people actually pay less in taxes than poor people! They should look in to that in their next study.

Don’t worry kids: the trickle down economics will work out eventually! Or maybe the rich will keep pissing on your head like they normally do. Of course, that’s a different kind of “trickle down”.

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