14
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 28 Nov 2023
14 points (58.3% liked)
politics
18883 readers
3669 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 1 year ago
MODERATORS
I would not even see that as a problem if it made it such that vendors got the same regardless of if they use cash or credit.
Credit card companies are not owned by the government. If there were no fees being charged for using them (fees currently paid by the businesses the cards are used at) then they would raise rates on apr to make up for it. While that wouldn't harm me and if earning points went away I'd be sad (if points actually reduce or go away from it), it would mean everyone in the poor financial situation of having credit card debt (which is a huge amount of people) would owe even more money to the creditors.
What I do know is that wal marts and targets and amazon would just pocket the 2% or so that go to creditors right now. Their savings definitely would not trickle down to the consumer.
wal mart, target, and amazon price assuming the fees from credit cards and as much as I hate walmart it is in competition so it likely would actually result in lower prices. Large places don't want to do a two tier the way small bussnesses will with cash vs credit. I agree that government does not own credit cards but that is irrelevant. The government can regulate companies and financial institutions, especially in regard to monopolies or in this case douopolies.