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(Another) Tax on the poor.
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anthonyqkiernan
anthonyqkiernan
7087 posts

(Another) Tax on the poor.
Jun 29, 2005, 10:36
From elsewhere:

Cash machines really do screw the poor

Most sensible people already realised as much, but today's Evening Times has a nice bit of proof showing the way cash machine charges screw the people who can least afford to be screwed. In the Hyndland Road bit of Glasgow's West End, an area that's home to people in the range between "doing quite nicely, thanks" and "we wipe our backsides with £50 notes", 9 out of 10 cash machines are fee-free. In Shettleston Road, Britain's poorest parliamentary constituency, 6 out of 10 cash machines charge.

...

The reason it's a tax on the poor isn't just the location, but the charging mechanism. It's a per-transaction charge so if you take out £50, you pay £1.75. If you take out £10, you pay £1.75. So the charges have least effect on people who take out big sums.
Replies:
Re: (Another) Tax on the poor. (Rolling Ronnie)
Re: (Another) Tax on the poor. (cammyb)
Re: (Another) Tax on the poor. (Lugia)
Re: (Another) Tax on the poor. (FourWinds)
Re: (Another) Tax on the poor. (Sootickle)
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