OpenAI is Visa – Buttering up the government to retain a monopoly

Re:OpenAI is Visa – Buttering up the government to retain a ... by throw0101d on Friday December 27, 2024 @07:35AM (#42521657)

> Merchants pay 3% and pass the cost on to the customer, […] average person gets all the benefits of a fully funded government plus 1-2% of their purchase back in credit card rewards.

And if you're below-average (i.e., poor or otherwise 'unwanted') and don't have a credit card then you are paying higher prices without any benefit:

* https://www.cnbc.com/2023/05/27/lower-income-americans-pay-f...

* https://www.vox.com/the-goods/22454885/who-pays-for-credit-c...

* http://archive.is/https://www.nytimes.com/2023/03/04/opinion...

[ Parent | on HN ]

Re:OpenAI is Visa – Buttering up the government to retain a ... by dangus on Sunday December 29, 2024 @05:48PM (#42544192)

I totally agree, but we also can’t pretend that handling cash costs zero dollars.

That’s only really the case for the tiniest businesses with zero employees.

I think the phenomenon of the poor subsidizing the rich is just sort of how all of life works. The more affluent in society always get the better deal on everything.

[ Parent | on HN ]