Wrestling With Pigs
The Young Turks
00:00
The Impact of Interchange Fees and Corporate Tax Policies
This chapter explores the financial strain interchange fees from Visa and MasterCard place on merchants and consumers, highlighting the lack of competition in the market. It critiques monopolistic practices while discussing bipartisan efforts to introduce the Credit Card Competition Act to lower these fees. The conversation also addresses the implications of corporate tax policies and their effects on low-income Americans, emphasizing the need for fairer taxation and healthcare access.
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Transcript
