leh-nerd skin-erd Posted April 18 Posted April 18 It's unconscionable in today's America that people should be required to pay for their subscription to Rolling Stone in the manner they agreed to pay it. No fees Yes please! Know fees? No Please! 2 1 1
BillStime Posted April 18 Author Posted April 18 40 minutes ago, leh-nerd skin-erd said: It's unconscionable in today's America that people should be required to pay for their subscription to Rolling Stone in the manner they agreed to pay it. Seems you had issues with FEES and greed back in the day... wonder what changed. Flip flop flip flop. ETTD
SCBills Posted April 18 Posted April 18 On the face of this, no idea why anyone would oppose capping credit card fees. However anyone capable of thinking down the line can probably foresee that, like usual, this will end up hurting those who it’s supposed to help. If banks can’t make money on lending money to people who carry high balances and/or make minimum payments then who do we think they stop lending money to?…. Obviously the answer is the people who benefit most by capped fees. Therefore, like usual, the wealthy benefit as they become the only ones who can obtain lines of credit and access to capital. 2 1
Wacka Posted April 18 Posted April 18 Slime: "Those blasted teens and their dog in the van always ruining my plans!" 1
leh-nerd skin-erd Posted April 18 Posted April 18 2 minutes ago, SCBills said: On the face of this, no idea why anyone would oppose capping credit card fees. However anyone capable of thinking down the line can probably foresee that, like usual, this will end up hurting those who it’s supposed to help. If banks can’t make money on lending money to people who carry high balances and/or make minimum payments then who do we think they stop lending money to?…. Obviously the answer is the people who benefit most by capped fees. Therefore, like usual, the wealthy benefit as they become the only ones who can obtain lines of credit and access to capital. I look at this differently. The wealthy have no issue either way. They don't incur the fee, or incur it and pay it. As for fees for a particular credit card, those are spelled out in the agreement when the card is obtained. If an individual doesn't read the terms and conditions of the card, they typically will find out what the late fee is the first time they make a late payment. That process is exactly the same whether the fee is $33, $28, $16, or $4.50. The larger, more important question is "What behavior is causing you to continue to incur late fees?". If some folks want to believe that $33 is Satan, and $8 saves the world, super. Seems to me one non-wealthy individual incurring one late fee at $33 annually is in a much better place than one non-wealthy individual incurring six $8 late fees over a 12 month period. Cap fees, fine, but pitching this as some grand gesture is silly. 2
SCBills Posted April 18 Posted April 18 10 minutes ago, leh-nerd skin-erd said: I look at this differently. The wealthy have no issue either way. They don't incur the fee, or incur it and pay it. As for fees for a particular credit card, those are spelled out in the agreement when the card is obtained. If an individual doesn't read the terms and conditions of the card, they typically will find out what the late fee is the first time they make a late payment. That process is exactly the same whether the fee is $33, $28, $16, or $4.50. The larger, more important question is "What behavior is causing you to continue to incur late fees?". If some folks want to believe that $33 is Satan, and $8 saves the world, super. Seems to me one non-wealthy individual incurring one late fee at $33 annually is in a much better place than one non-wealthy individual incurring six $8 late fees over a 12 month period. Cap fees, fine, but pitching this as some grand gesture is silly. Agreed, partially. A lot of what you say is true, but banks lend money to riskier individuals by offsetting that risk with fees, higher rates etc. If they are forced to cap those fees, then they lose incentive to lend to riskier individuals and/or lend far less. 1 1
BillStime Posted April 18 Author Posted April 18 36 minutes ago, leh-nerd skin-erd said: I look at this differently. The wealthy have no issue either way. They don't incur the fee, or incur it and pay it. As for fees for a particular credit card, those are spelled out in the agreement when the card is obtained. If an individual doesn't read the terms and conditions of the card, they typically will find out what the late fee is the first time they make a late payment. That process is exactly the same whether the fee is $33, $28, $16, or $4.50. The larger, more important question is "What behavior is causing you to continue to incur late fees?". If some folks want to believe that $33 is Satan, and $8 saves the world, super. Seems to me one non-wealthy individual incurring one late fee at $33 annually is in a much better place than one non-wealthy individual incurring six $8 late fees over a 12 month period. Cap fees, fine, but pitching this as some grand gesture is silly. Yeah, but don't you love when the fees change after the initial agreement - and fees keep going higher and higher? So much for the little guy, right?
The Frankish Reich Posted April 18 Posted April 18 (edited) 50 minutes ago, leh-nerd skin-erd said: If some folks want to believe that $33 is Satan, and $8 saves the world, super. Seems to me one non-wealthy individual incurring one late fee at $33 annually is in a much better place than one non-wealthy individual incurring six $8 late fees over a 12 month period. Good point. This is what economists would call the moral hazard problem. If the fees are capped at a low amount, we'd all love to think that someone carrying significant credit card debt would save that $25 difference and all consumers would be better off. But as you point out, that's not necessarily what happens. And a larger point: I don't like throwing these credit card fees in with Biden's general attack on "junk fees." I'm in favor of that because it ought to relate to those annoying/unjustifiable fees on things we can't opt out of - the classic $30 "resort fee" that I'm charged every night (and can't opt out of) that allows me to do ordinary things like make local telephone calls (who does that on a hotel phone anymore?) and access the hotel swimming pool. The idea is that if I can't opt out, you've got to wrap that fee into the disclosed nightly rate. That makes sense as a consumer/advertising fairness issue. Things like paying a credit card bill late are not the same thing. Edited April 18 by The Frankish Reich 1
leh-nerd skin-erd Posted April 18 Posted April 18 1 hour ago, The Frankish Reich said: Good point. This is what economists would call the moral hazard problem. If the fees are capped at a low amount, we'd all love to think that someone carrying significant credit card debt would save that $25 difference and all consumers would be better off. But as you point out, that's not necessarily what happens. And a larger point: I don't like throwing these credit card fees in with Biden's general attack on "junk fees." I'm in favor of that because it ought to relate to those annoying/unjustifiable fees on things we can't opt out of - the classic $30 "resort fee" that I'm charged every night (and can't opt out of) that allows me to do ordinary things like make local telephone calls (who does that on a hotel phone anymore?) and access the hotel swimming pool. The idea is that if I can't opt out, you've got to wrap that fee into the disclosed nightly rate. That makes sense as a consumer/advertising fairness issue. Things like paying a credit card bill late are not the same thing. That sort of itemization doesn’t bother me to any great degree. Whether I pay $192 per night and a $30 resort fee per day, or $222 per night, I make the decision on the value of services provided. Same with baggage fees on airlines that Scranton Joe praddles on about. If the ticket is $310, and $40 for a bag, it’s $350 to fly with a bag. Go. Don’t go. Find another airline. Whatever. And not to derail this topic further, Scranton Joe babbles on about credit card fees, baggage fees and shrinkflation and it catches the attention of the Rolling Stone and by extension, the dope-addled stoners who read it. Meanwhile, the $1000 spent on the credit card actually totals $1082.50 with tax, and that particular dance continues month after month after month in perpetuity. Tax is important and pays for things, but never a word about automation/technology/reduction. Meanwhile, a $33 fee must be reduced to $8 if there is any justice in the world, and certain rolling stoners celebrate like they participated in the Boston Tea Party when it is.
Orlando Buffalo Posted April 18 Posted April 18 The $8 cap is stupid and only sounds good to people who are economically illiterate, right along with $20 minimum wage laws. Biden pushing the idea of putting all non negotiable costs up front makes complete sense.
K D Posted April 18 Posted April 18 If they cap the fees they will make it up elsewhere like with higher annual fees or by declining anyone with a history of late payments. Socialism doesn't work. Let the companies do whatever they want and the market will decide who wins 1
BillStime Posted April 21 Author Posted April 21 On 4/18/2024 at 4:56 PM, KDIGGZ said: Let the companies do whatever they want and the market will decide who wins Bud Light is laughing at you.
Big Blitz Posted April 21 Posted April 21 (edited) If you are a member of the Branch Covidians you aren’t allowed to complain about the costs of anything ever again. Loser OP: cReDiT cArd FeEs GoP bad! Real life: Edited April 21 by Big Blitz
BillStime Posted April 21 Author Posted April 21 19 minutes ago, Big Blitz said: cReDiT cArd FeEs GoP bad! You cannot make this up, Ditz. On 3/24/2024 at 12:28 AM, Big Blitz said: This is nothing new - big corporations make big profits. DEI Mars, yea almost half of corporate is female. And MAGA has been on them and their hiring practices - minorities prioritized but that also means illegals. And when you follow CCP rules of DEI, you’re looked out for: America First Legal Files Federal Civil Rights Complaint Against Mars, Inc. for Illegal, Racist, and Sexist Hiring Practices https://aflegal.org/america-first-legal-files-federal-civil-rights-complaint-against-mars-inc-for-illegal-racist-and-sexist-hiring-practices/ You left one out. Tyson Foods. Stop illegal immigration. Hire Americans. As long as the dirt cheap alternative is there they won’t be forced to pay higher wages. Not just here - in their overseas supply chains: https://amp.theguardian.com/global-development/2021/feb/12/mars-nestle-and-hershey-to-face-landmark-child-slavery-lawsuit-in-us What are Democrats doing to stop these corporations from making billions? Raise their taxes? This is their response to that:
BillStime Posted April 21 Author Posted April 21 22 minutes ago, Big Blitz said: cReDiT cArd FeEs GoP bad! Here we have DITZ crying about COMCAST and their FEES. On 11/28/2020 at 1:44 AM, Big Blitz said: They announced this Tuesday....as everyone was scrambling to get on Thanksgiving break. Its Comcast now. But it will be all of them soon. They are claiming that 95% of their customers don't use 1.2 terabytes....they're lying. I know my family uses almost 2 terabytes a month since the pandemic started. You might want to check bc this is what's coming Jan 1: Comcast enforces data caps nationwide, will AT&T, Verizon, Charter and other internet providers follow? Tuesday, the nation’s largest internet provider announced that, starting Jan. 1, it would extend its 1.2 terabyte data cap to previously exempt service areas – meaning once you hit that limit, you'll have to pay more to use more. After a three-month grace period, residential subscribers in 14 states from West Virginia to Maine, plus the District of Columbia, will face surcharges of up to $100 for exceeding that limit. “We’re aligning our Northeast markets with the data plan that the rest of the country has had for several years, and 95 percent of our customers are not impacted by it even with the increased usage during the pandemic,” spokesman Joel Shadle said in an email. “The small percentage of customers who reach 1.2TB in a month will be notified multiple times as they approach the threshold, and will have unlimited data options at reduced prices if they choose.” That 95% figure leaves almost 1.4 million of Philadelphia-based Comcast’s 27.84 million residential broadband customers on the hook, after one courtesy month a year, for overage fees of $10 per each 50 gigabytes of additional data, up to a monthly cap of $100. Subscribers can get unlimited data by paying a $30 monthly surcharge or, if they already pay $14 monthly to rent Comcast’s modem – they shouldn't – by adding its $11 xFi Complete service bundle. Comcast’s $299.99 2 Gbps Gigabit Pro service also includes unlimited data. https://www.usatoday.com/story/tech/columnist/2020/11/25/comcast-xfinity-data-cap-att-verizon-charter-internet-provider/6425921002/ Ahhhh........just a little sliver of what socialism is like. Caps.
Big Blitz Posted April 21 Posted April 21 8 minutes ago, BillStime said: You cannot make this up, Ditz. And? You continue to prove you’re a moron. Carry on. 1
BillStime Posted April 21 Author Posted April 21 29 minutes ago, Big Blitz said: cReDiT cArd FeEs GoP bad! HERE WE HAVE DITZ CRYING ABOUT MCDONALDS On 6/29/2023 at 10:40 AM, Big Blitz said: Increased costs. You’re paying after taxes and other new fees close to $40 if you buy THREE “value” meals at McDonalds. Chick Fil A? That’s borderline unaffordable for what you get - and you notice asking for sauce is like pulling teeth? They give you one. You can't make this. These idiots NEVER THINK.
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