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ChristianKl 17 July 2015 03:17 AM
63%

Credit Card company have clauses in their contracts that prevent passing on the charges to the customer. I think those clauses are parasitic.

The idea that a costumer has to pay less money for a product when he uses a cash-back credit card than when he pays in cash has no good basis.

As far as M&A goes, should a company that employees 10,000 people and makes 1
million in profit layoff 9,000 people when it will raise their profits to 10
million. The stock market would say that it should.

When it forces a company to engage in that shift it however still destroys a
lot of value. It creates unemployement thats not good for society as a whole.
Over the last decades the rich got a lot richer but the middle class didn't.

That might have something todo with a system that prevents companies from
paying high wages and making lower profits.


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Silent Cal 21 July 2015 04:02 PM
70%

Mathematically equivalent cash discounts are allowed, which effectively makes the restriction on credit card surcharges an agreement about presentation--not a ridiculous thing to have in the contract.

You might be right about M&A--specifically, a bias towards making more widgets and employing more people seems like it would cause inadvertent marginal charity. I wouldn't call the case conclusive, though; takeovers are also a potential defense against self-serving leadership, and explaining the stagnation of wages is a big open puzzle with lots of possible explanations.

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Fwiffo 17 July 2015 05:50 PM
54%

The idea that a costumer has to pay less money for a product when he uses a cash-back credit card than when he pays in cash has no good basis.
It can also seen differently. The price of the product must factor in the price of the transaction system even when it is not used. That is if someone that uses a credit card pays a proper price but the one that uses cash pays also for the upkeep for the credit card system.

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