The $9.2 Billion Tax on the Poor You’ve Never Heard Of
Every time you pay with cash or debit, you’re unknowingly subsidizing the rewards of credit card users. This hidden $9.2 billion wealth transfer from lower-income to higher-income households is built into the prices we all pay. The EU capped fees and proved it’s a regulatory choice, not a market necessity. Here’s how the system works and what you can do about it.