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by leg100 324 days ago
> These payment processors seem to be basically levying a 1-3% tax on a nations entire GDP

You're exaggerating for effect. GDP is the total value of all goods and services sold or bought; only a fraction of which is paid for with a credit card. I doubt an F35 is purchased with a Visa.

1 comments

> These payment processors seem to be basically levying a 1-3% tax for the convenience of using their service, and we are willingly paying it.

Fixed.