XPost: rec.arts.sf.written, rec.arts.books   
   From: rod.speed.aaa@gmail.com   
      
   "Your Name"  wrote in message   
   news:YourName-1808131003090001@203-118-187-240.dsl.dyn.ihug.co.nz...   
   > In article , The Horny Goat   
   >  wrote:   
   >> On Mon, 12 Aug 2013 13:23:24 +1000, "Rod Speed"   
   >>  wrote:   
   >> >>>   
   >> >>> Now a merchant who doesn't cover all his costs is out of business so   
   >> >>> you know where those costs get passed along to.... in grocery stores   
   >> >>> they used to work on a 1-2% margin because they were getting 'the   
   >> >>> turns' but these days it's 7-8% mostly to cover card costs.   
   >> >   
   >> >> I don't know how much shop keepers get ripped off by the banks here,   
   >> >   
   >> >Its nothing like as high as that 7-8% here.   
   >>   
   >> Didn't say bank charges were that high. What I said is that groceries   
   >> have historically made it on 1-2%, but some of the affinity VISA/MC   
   >> cards have fees in the 4-6 range which is where that 7-8% number came   
   >> from.   
   >>   
   >> In other words, the bank is making more on groceries than the grocery   
   >> store itself is and by a considerable margin.   
      
   > The greedy Government makes more than everyone else combined.  :-(   
      
   No they don’t with the jurisdictions with no sales tax and an operation   
   running at a loss.   
      
   > If you work it out, the Government basically gets all the money,   
   > eventually.   
      
   Even sillier with cash transactions.   
      
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