Tony, Pretty MuchDec 17, 2024

Here’s another Biden accomplishment that won’t get any news attention which is a significant reason why we’re here.

The final rule will save Americans more than 50 million hours in wasted time in a year and $11 billion in money over the next decade.

Good luck getting anything like this out of Trump, or your third party vote for whoever.

Federal Trade Commission Announces Bipartisan Rule Banning Junk Ticket and Hotel Fees | Federal Trade Commission:
https://www.ftc.gov/news-events/news/press-releases/2024/12/federal-trade-commission-announces-bipartisan-rule-banning-junk-ticket-hotel-fees

Federal Trade Commission Announces Bipartisan Rule Banning Junk Ticket and Hotel Fees

Federal Trade Commission
Show threadPatDec 18, 2024
@TonyStark I doubt shareholders are going to passively accept that revenues are reduced due to this new regulation. Mgmt will find other ways to generate revenue to replace cancelled fees. If mgmt fails to do this, shareholders will vote with their feet. That's the "shareholder value" ethic in action.
Show threadTony, Pretty MuchDec 18, 2024

@patrascan That’s the same logic libertarians use to argue against safety regulations.

Over in reality, these things actually work.

Show threadPatDec 18, 2024
@TonyStark I can't think of an example where government mandated fee reductions or charges resulted in permanently reduced revenue. Companies always seem to invent new service fees, new ways of generating income that comply with the new rules.
Show threadTony, Pretty Much
@patrascan Insulin got capped just this year. Have a great day.
Dec 18, 2024 at 4:55pmWeb