Tag Archives: swipe fees

They still don’t get it

In a recent interview Zero once again demonstrated his abject ignorance of the principles of economics and the ideal of freedom. In condemning Bank of America’s new credit card fee during an interview with ABC news, Zero claimed the new $5 fee was “not good business practice.”

“You don’t have some inherent right just to, you know, get a certain amount of profit, if your customers are being mistreated,” he said. Later, he added, “this is exactly the sort of stuff that folks are frustrated by.”

First of all…

What the hell does this tool know about good business practice in the first place?  He and the leftards in Congress are largely responsible for the extra burdens placed on banks in the first place!  The cap on swipe fees will cost banks billions of dollars, and Zero, Dick Durbin and the libtard mafia expect those costs not to be passed on to the consumer?

And are some basic principles of freedom that these Marxist fucks obviously don’t get! In a free society you do have the inherent right to, you know, get a certain amount of profit.  And if your customers feel they are being mistreated, they simply go elsewhere.

That is what freedom is. That is how the free market works.

It doesn’t work when politicians pass odious regulations that curtail the profits of the subject of their particular ire, and then condemn those same subjects for taking steps to protect themselves from the politicians.


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