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Credit cards are a ~2% tax on the economy. I think they're squeezing quite well still, but as has been historically shown, the number and depth of those sorts o
by JMTQp8lwXL 6y ago
Credit cards are a ~2% tax on the economy. I think they're squeezing quite well still, but as has been historically shown, the number and depth of those sorts of opportunities declines with time.
- jimbob45 6y agoI’d say they’re more of a regressive tax since people at the middle to higher-end cash make great use of credit card benefits and people at the low-end often get caught up in the trap of high interest rates.