Bob Willard

Guess who makes out when the price of gas shoots up?

The credit card companies charge a flat percentage of the price of
the gas sold (usually 2-3%). So, when gas prices change from
$2.50/gal to $3.50/gal, the Amex/Visa/MC/etc. gang love it. Arrrgh.
--
Cheers, Bob

Ritz

Bob Willard wrote:
> Guess who makes out when the price of gas shoots up?
>
> The credit card companies charge a flat percentage of the price of
> the gas sold (usually 2-3%). So, when gas prices change from
> $2.50/gal to $3.50/gal, the Amex/Visa/MC/etc. gang love it. Arrrgh.


Yep, inflation helps them in every market. When NY and the feds charge
a NY consumer almost 60 cents a gallon in tax, they're getting their 3%
of that too. The credit card companies love sales tax hikes as much as
they like inflation...but there's no outcry here since those companies
are making HUGE donations to political parties/politicians/PACS. Hmmmm

Cheers,

fordman3@hotmail.com

On Mon, 12 Sep 2005 06:35:13 -0400, Bob Willard
<BobwBSGS@TrashThis.comcast.net> wrote:

>Guess who makes out when the price of gas shoots up?
>

warman and i do

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