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by Brian_K_White
902 days ago
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3% tax on every transaction in your entire life going to Visa by using a debit card instead of cash. There are people (not huge corps in this case) selling CDRs of PDFs from archive.org on eBay. But more to the point, people buying them. The completely intangible nothing that differentiates a Burberry bag from any other medium quality bag. Now that last one almost sounds like the opposite point since the intangible nothing is exactly what the government is protecting there, but the government does not enforce that you need to pay Burberry to get a bag exactly like it in both quality and aesthetic, but people voluntarily do anyway. |
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>> Name one.
> 3% tax on every transaction in your entire life going to Visa by using a debit card instead of cash.
There's a reason for that: Visa and MasterCard have monopoly power obtained via anti-competitive practices which were enabled by contract law. Visa and MasterCard prohibited member banks from issuing their own cards. Discover and American Express among others sued Visa and MasterCard for this about 15 years ago.
> the government does not enforce that you need to pay Burberry to get a bag exactly like it in both quality and aesthetic
The government does enforce that. A potential Burberry competitor cannot sell a bag "exactly like" Burberry's because to do that it would have to have the Burberry logo, which is a trademark protected by federal law.