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Oh come on.. This is just ridiculous..

I find it amusing that people think that they can cheat large companies with multiple revenue streams by finding a loophole that they can exploit for just one stream.

For example, "Hooray, we've made them cut credit card charges" translates to rises in interest rates, annual fees, shorter interest-free periods, etc.. The bank will always be able to get the money back, and it's gone from targeted charging based on something the consumer can control to mass market charging, where everybody now picks up the cost.

But the thing that's bothering me today is the idea that people can cheat the government by importing alcohol off the Internet, thus avoiding duty. Let's say that it costs the treasury half a billion pounds (a figure I've pulled out of the air) - do they honestly think the government will just turn around and say "Okay, we'll make do with less money"? Obviously the government will recoup their losses somehow, through other taxation methods where there are no loopholes.. So effectively it'll go from a case where people buying luxury goods get to pay less, whereas the general public pays more. That's hardly an ideal situation..

But no, people will go on believing that they've won a mighty victory, and then start complaining when other taxes go up, failing to see any link between the two..

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Mind your BP!! You are getting old now, and need to avoid too much stress!

Do you think mass charging for credit cards will work? Personally I'd just make do without a credit card - which for most things wouldn't be a problem, except that I really dislike the idea of companies having direct access to my current account with the details I give, over say an internet site. It seems to me that the general public are so used to nil-annual-fee credit cards and current accounts that they might just rebel against the idea of paying even a nominal sum.

On the other hand, the people like me who don't really need a credit card, people who pay it off within the interest free period, are the ones that cost the bank the most and are also the very same people who would find the annual fee unappealing. So it's possible that not only would the bank increase revenue by having an annual fee, but simultaneously by ditching these loss-making customers...

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