I think we get frustrated with stupid people running up credit card balances, because we believe in personal responsibility, and being responsible about our personal finances.
People who run up big balances and paying high interest on credit cards, are not being as responsible about their personal finances as they should be.
Are you fine with high IQ, educated people making lots of money off of those irresponsible people?
These same people print money out of nowhere, destroying individual’s wealth via inflation.
The rates are usurious.
There’s no CC bailout in the works. I think CC debt is over a trillion dollars now.