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An interesting set of rich-poor stats … July 28, 2010

Posted by WillardWhyte in Economy, Greed, Politics.
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from the folks at the Federal Reserve bank. So if the cashier asks you whether that’s credit or debit, you probably should say credit (assuming you pay it right down) so as you don’t indirectly tip some rich guy out in the Hamptons.

Maybe recent Financial Reform legislation will address “wealth transfer” with the clause that allows merchants to provide a discount for cash customers.

Dunno. Dunno if there’s anything that needs to be done about this down on the Potomac. Would seem like something that the market could correct on its own with a whole lot of consumer awareness and focused demand.

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