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by gbjw 1182 days ago
The downside is that widespread usage of credit cards increases prices by 2-3% and disproportionally impacts those who can't get a credit card with the same rewards. You are getting a 2-3% discount on the backs of the poor.
2 comments

Wait until you find out about the 4-7% network fees that BNPL provides charge merchants.
The taxes of those who are eligible for credit cards pay for the poor. So what?
The amount of time people spend applying for and maintaining welfare makes up for whatever you think your tax contribution is worth. It's even at best.

Recent profile on one program and the kind of gatekeeping people face: https://www.youtube.com/watch?v=wJDk-czsivk

If my 6 figure tax contribution is not worth much, can I keep it? I'll even go back to using debit cards to make it fair.