“America’s payment system has become a silent reverse Robin Hood system transferring billions of dollars from working and middle class Americans who use cash, debit and pre-paid cards, to the wealthy through elite platinum and black cards”https://www.brookings.edu/research/ohio-v-amex/ …
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“if you buy a $4 cup of coffee on a fancy credit card, the coffee shop may spend 10 percent or more processing your payment — often more than the actual coffee beans cost”
4:57 PM - 11 Jun 2020
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