The point of having good credit is to be rewarded with better treatment and lower rates, right?

Well, according to the Washington Times, it now is the opposite.

Starting on May 1 under a new Biden rule, Americans with good credit scores will be forced to pay higher mortgage rates than those with poor scores.

Glenn Beck’s co-host Stu comments, calling it a “fundamental reversal of all economic theory.”

Beck calls it “stealing from the rich to give to the poor” and a “redistribution of wealth.”

He then compares it to the financial crisis of 2008.

“Wasn’t there something like this that happened? Two thousand four, five, six, and seven?” He continues, “They were incentivizing banks to give loans to people who couldn’t really afford the houses.”

“Although, at least in that case they weren’t punishing the people who were paying their bills,” Stu adds.

“If you don’t understand the concept that socialism and all of this stuff — it’s not going to make anybody happy. We’re all going to be equally miserable.”

“You won’t own anything. This is how it begins.”

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