This is kind of shocking, but then again it isn’t:
Isn’t that peachy? This is the result of allowing an effective monopoly in the card business, thus giving network providers the power to force merchants to keep interchange fees hidden instead of charging them directly to card users. Vast masses of poor and middle income families end up paying a few dollars into the system every year while a small number of upper income families reap the benefits.
This is why I don’t like hidden fees: there’s rarely much point in keeping something hidden if it’s fair and equitable. You only do that if someone is getting screwed. And guess who gets the shaft more often than not?
Basically, people too poor to even own a credit card are subsidizing the super rich. I’m sure that the glibertarian argument for those consumers using cash and spending with in their limits but getting shafted anyway is quite compelling.