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by SimianSci
222 days ago
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I call it Rent-seeking, of which, subscription fees are just a part.
The biggest issue here is that the "meta" of capitalism has turned to toll booths and rent collection. This is why people say that American capitalism is turning into neo-feudalism, the people making the money are not the people producing things of value, its the landlords, asset holders, and tech companies that can continuously tax the peasantry. |
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Largest household expense after housing is usually (sometimes indirect) health insurance premiums. For a family of 4, this is running on the order of $30k annually now. That's creeping up on half the median household income (which often requires two workers).
Hiding this very real expense in tax deductions for employers obscures the fact of just how large it is.