Squeezing the poor
a number of others, announced that it will now add fees for those who
books flights other than through its Web site. In other words, those
people who phone the airline or, even worse, actually walk up to a
counter to buy a ticket, will be assessed added fees. The fees won't
apply to high-mileage preferred customers.
So, if you are not
sufficiently plugged in and computer savvy (something upper-middle
class people do much more readily), you pay more, even though you
probably can't afford it as readily, Screw you, lower classes.
today, TXU Corp., an electric utility in Texas, announced to its
customers that those with lower credit ratings will pay more for
electricity. Customers with bad credit may end up paying 10% more for
electricity than those with good records. In other words, the poor will
pay more for electricity.
While credit scores have been used in
the past to set initial deposits for utilities, this is a new
application. You can imagine the lower classes paying more for the most
basic services like water, heat, and telephone service. Drug comapnies
and hospitals charge higher rate sto the uninsured.
banks have been using similar differential rates with credit card and
auto loan rates for a while..Bank accounts cost more for the less
well-off, an dteh fees for such matters as overdrafts are getting
higher. Insurers in many states deny coverage to bad risks
It's getting expensive to be poor. But big companies, with their seats at the regulator's table,
are being given license to bend the market to give the well-off a head
start, even when they are supplying what is a basic human need.
Meanwhile prices are stabilized but teh fees and premiums that support
low prices punish thse who can least afford them [Oligopoly Watch]