This is utterly braindead. Businesses will need to roll these costs into their pricing across the board, and more consumers will use paywave (since it won't cost extra) - so who wins? The banks with their obscene, and still unregulated, fee structures, of course. https://www.nzherald.co.nz/business/companies/retail/government-to-ban-card-payment-surcharges-businesses-to-pick-up-the-tab/MCE57QRYDNEZFM7LPAMXHIOWZY/ #NZPol #trickleupeconomics
Government to ban card payment surcharges, businesses to pick up the tab

The change will benefit those who shop in-store, rather than online.

The New Zealand Herald

@slashdot

We see encouraging results from Guaranteed Basic Income!

Enough of "Make rich people richer and societal benefits will follow." It's time for #TrickleUpEconomics !

#BasicIncome!

(Edited: s/bandits/benefits/
Stupid auto transcribe.)

"Corporate power is used to drive inequality: by squeezing workers and enriching wealthy shareholders, dodging taxes, and privatising the state."

https://www.abc.net.au/news/2024-01-15/oxfam-report-reveals-billionaire-wealth-disparity/103321562
#inequality #work #WealthGap #redistribution #corporations #TrickleUpEconomics #privatisation #shareholders #TaxTheRich

Oxfam inequality report shows rich Australians like Gina Rineheart and Andrew Forrest part of growing wealth gap

The world's wealthiest five men have more than doubled their fortune since 2020, while three of the richest Australians have seen their wealth double at a staggering rate of $1.5 million per hour, the charity Oxfam says.

ABC News

@ChrisMayLA6
There's something a little off with very rich people telling the country that we must cut inflation by making things more expensive for companies as much as mortgage owners while increasing the spending power of very rich people.

#TrickleUpEconomics
#ToryIncompetence

Why the super rich are inevitable

Why some mathematicians argue the economy is designed to create a few super rich people – unless we stop it.

The Pudding