Posted on 12/07/2021 4:34:44 AM PST by Kaslin
No.
It'll let other, faceless folks do it instead.
There’s an outrage around every corner for these people.
Just like Omarova’s desire to have the Fed take over private bank accounts, this is another in a multi-pronged attack on the everyday economy of the taxpayers.
Stay tuned, tomorrow there will be another attack......from a different compass point.
I’m surprised that Congress hasn’t started taxing credit card ‘cash back’ programs and frequent flyer miles as ordinary income.
Maybe they already do tax it, but it is up to the taxpayer to declare it?
Don’t give em any ideas.
They’ll have to pry my Costco Executive Membership Rewards Visa from my cold, dead hands.
Between the cost savings of buying gas at Costco (approx 0.10/gal cheaper than local Sheetz or Wawa), the 2% Executive Membership cash back from Costco for purchases at Costco, and the 1-4% cash back from Visa for purchases at Costco and everywhere else (gas is 4% cash back), and PAYING THE BALANCE OFF EVERY MONTH, I make enough money to pay for the Executive Membership, and a couple of more shopping trips to, well... Costco.
Just the cost savings from buying gas at Costco will pay for a standard membership ($5/month, 0.10/gal savings, 12 gallons a week).
Ding Ding Ding! A good credit score. THAT is what this whole thing is about. Why should people who won't pay the cards back be denied access to them? That is both racist and an attack on those who don't have the means to keep a job and have a steady income.
If they had their way this would turn directly into the housing market scam of a decade+ ago, You couldn't deny a person their McMansion on their McDitch digging income, and now they will want to have guaranteed access to low interest credit despite a worthless credit rating. Just watch, this is what the solution to this will be they will want to implement costing the creditworthy people even more.
With a $29 trillion deby, someone needs to take away Congress’s credit card.
BTTT
In my day we all started out as lower income people after we graduated from high school. And as one becomes older they don’t just gain wealth but they also gain responsible habits.
In my case, I never got rich, but I got a good credit score. We do everything with credit cards and we pay off in full every month and have a nice credit score that’s about as close to 850 as you can get. But it’s not because we’re rich. It’s because we gained wisdom as we got older and are more responsible than when we were kids.
Of course the secret to this lies in the old phrase,”with age, comes wisdom. But sometimes, age comes alone.”
“finds that credit card reward programs are unfair because they create “an implicit money transfer” to wealthy cardholders from lower-income people who buy things with cash or debit cards.”
I am unaware that I am wealthy. Since when maintaining your credit rating and paying your card off monthly become unfair. My rewards this year was just over $2K. That is peanuts to a wealthy person.
The poor are parasitic on society. The poor are destroying America by being unequal and insisting on equality as a right. They must cease being poor to go forward.
they can lose the inequality by increasing equality by getting off their lazy asses and learning skills.
Inequality is either genetic or self imposed
Just one more example of why conservatives should NEVER let Democrats rule over them, even if it means having to sometimes vote for RINOs in November elections.
There is literally NO END to what the Democrats will go after, and yes, that also includes your grandkids...
Even the grocery store has a rewards program. Besides using our purchase history to send us a coupon booklet, that happens to have coupons for almost everything we buy, there are reward points for the purchase of gas from the store’s station.
The wife saved $.80/gal last time, and with a 36 gallon tank that adds up fast!
I’m sure that soon we will be taxed on that and any discounts earned, including my $5 Ace rewards cards.
Simple solution:
Give CASH or Debit paying customers a 5-7% discout.................
But when foodstamp recipients use their EBT card they get free fuel points and other perks with grocery store loyalty cards. That money should be credited back to the government treasury. But it’s not.
Exactly!😆
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.