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Bank of America Changes the Rules During the Game
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<blockquote data-quote="wkmac" data-source="post: 884771" data-attributes="member: 2189"><p><a href="http://www.theatlantic.com/business/archive/2011/09/did-congress-kill-the-debit-card/245935/" target="_blank"><span style="color: #ff0000">Did Congress Kill the Debit Card?</span></a></p><p></p><p>In an OT manner, the fact that businesses aren't lowering prices in the face of this fee cut if you will sure hurts the FairTax argument that the prices of goods and services will fall to make the FairTax sales tax cost neutral to the consumer. I always thought that was an assertion in the Fairtax supporter debate that should best be left on the sidelines. In time, it could become true but it's a stretch to argue it's an immediate effect.</p><p></p><p>Full Disclosure: I support the 0-0-0 plan so there you go!</p></blockquote><p></p>
[QUOTE="wkmac, post: 884771, member: 2189"] [URL="http://www.theatlantic.com/business/archive/2011/09/did-congress-kill-the-debit-card/245935/"][COLOR=#ff0000]Did Congress Kill the Debit Card?[/COLOR][/URL] In an OT manner, the fact that businesses aren't lowering prices in the face of this fee cut if you will sure hurts the FairTax argument that the prices of goods and services will fall to make the FairTax sales tax cost neutral to the consumer. I always thought that was an assertion in the Fairtax supporter debate that should best be left on the sidelines. In time, it could become true but it's a stretch to argue it's an immediate effect. Full Disclosure: I support the 0-0-0 plan so there you go! [/QUOTE]
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