jump to navigation

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

Posted by WillardWhyte in Economy, Greed, Politics.
Tags: , , ,

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.



No comments yet — be the first.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: