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|01-31-2013 07:44 AM|
Bill Clinton took banks' responsibility away by allowing them to resell mortgages. Bank used to hold mortgage until they were paid off.
It is the person't responsibility to think with their heads on their shoulders, and not expect someone else to do it for them.
Otherwise, I have bridge for sale. Whether you can afford it or not is not my responsibility, but solely yours.
|01-30-2013 01:16 PM|
I see it now. The lender has no fiduciary responsibility for the money 'they' are lending. We might as well just get rid of fico and credit reports since everything should apparently fall on the borrower and even bring back debtors prison again.
I guess the girl should not have been wearing that proactive clothing right, as she apparently asked for it.
|01-30-2013 12:39 PM|
Quote from muffin30082 :
Wow, with all the advantages of accepting plastic over cash, I wonder why you didn't suggest the merchant give you a discount for NOT paying with cash.
In reality, many merchants will give you a discount for cash on purchases. I recently
+changed out a HVAV system and put a new roof on a house. The merchant for both those businesses gave me a discount -when I asked- for cash vs plastic. My drycleaner gives me 5% discount for paying cash as does my kids day care. If I get a discount, I pay cash, if not, I pay w/plastic. I know some merchants who do not like to give a cash discount because they view the cash sale as subsidizing the plastic sale. They are correct in that view.
That said, what really surprises me is that generally speaking, the government much prefers that we go all plastic which leaves a better paper trail for taxing businesses and individuals (yes your purchases at Amazon, Newegg, etc. are taxable in your state and it is your obligation to report it just like the merchant who reports all cash sales, and pay your taxes). While a business can under report a few sales here and there and overstate some expenses nothing compares to burying cash. I used to use a local mechanic who also gave a discount for cash. The car dealers repair shop never discounts for cash. I pay with AMEX there.
|01-30-2013 09:00 AM|
Think about it, why retailers will starting adding surcharge to one kind of credit card and not the others when ALL credit card have fee?
|01-30-2013 07:31 AM|
|wilsonm735||Thanks for the heads-up OP.|
|01-30-2013 07:28 AM|
|Maximuxx||Glad 90% of my charges goes on amex|
|01-29-2013 07:24 PM|
|01-29-2013 03:30 PM|
|01-29-2013 03:14 PM|
Right its not allowed in NY and other states as noted which kinda sucks for those small merchants in those states. It should be allowed or not.
Small merchants really get reemed by CC services and the rates get jacked up a couple times a year. The big box stores can afford it via volume, but smaller stores really pay the price. One day get your hands on a credit card fees list that merchants have to pay and you might think twice about using your points card at a local store next time...
that said, buyer be aware!
|01-29-2013 03:13 PM|
I didn't need to skip the definition, to find the definition. Taxes do not belong to the government unless laibility for those taxes is established, which in the case of a provision in the tax code which precludes that portion from ever becoming a liability owing to the government, that money does not ever belong to the government. If they never take it, and it's not ever owed to them, how is it theirs to give back to you?
|01-29-2013 03:08 PM|
"Examples of direct subsidies include payments in cash or in kind, while more-indirect subsidies include governmental provision of goods or services at prices below the normal market price, governmental purchase of goods or services at prices above the market price, and tax concessions. "
Once again, your argument holds no water. Even hypothetically changing reality and saying it does. What is the government taking less of? Taxes. Taxes do belong to the government. So even based on your own stipulations. It's a subsidy.
|01-29-2013 03:07 PM|
|gunskill||just about every CC user is getting at least 1% back on purchases. so if merchants impose a surcharge, it's very likely to be no more than 1%. hardly anybody is going to bitch about a cost-neutral fee.|
|01-29-2013 03:05 PM|
|01-29-2013 02:34 PM|
|01-29-2013 02:32 PM|
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