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So right, and let's not forget that EVERY electronic transaction incurs a cost. To paraphrase, "I for one, welcome our future Visa overlords."

• moe 17y ago
  You have to admit it's a brilliant business model. "Let's just go and take a cut of every money transaction anyone, anywhere ever makes". Bulletproof.
  • olefoo 17y ago
    That's how a VAT is supposed to work. In theory it is the most efficient and fair form of taxation. I think Japan could maybe pull it off, but I wouldn't be too surprised if it bit them hard in unexpected ways.
    • dan_the_welder 17y ago
      No more panhandlers.