And that’s how you set up a politician like Trump. smh...

I’m not saying it to justify it. I’m saying to probe how she thinks about it. Stick with me here.

If she were a politician, I would agree. But if you’re trying to get someone on the street to explain why they support something, you should do it with respect. Not only is it common decency, it also de-escalates the partisanship.

Since the tenet of the lower rate is to provide incentive to deploy capital to generate value to the economy (both encouraging deployment as well as to counter for the downside risk), the simple reason carried interest shouldn’t receive capital gains treatment is that they have none of their personal capital at…

I’m virulently anti-Trump but this is shitty news. Are you trying to hear her opinion or explain to her why she’s wrong? That lady is an idiot, but don’t browbeat her. If she (honestly?) believes that it’s about the issues, push her on the issues. If you want to push her on what Trump said, ask her if she feels the…

But the endowment has *triple* in size in the last 20 years to that $36B. That’s not living off the yield, nor is it even close to returning the investment to the Harvard community (broadly defined)— which is the standard they should be held to since all of that yield is tax free. They would literally have to make…

It is! Or at least, it’s growing to be. They are trying to make it a foodstuff to increase the fishing of them.

Did you think scuba diving with tropical fish was going to be filmed in Maine?

You don’t get rid of the most expensive people if they are worth it.

Shafted? Then they should just stop accepting credit cards.

No. Square has already well up-priced you. The average swipe fee in the US is probably around 1.7% and Square is charging you 2.75%. They are pricing merchants based on an expectation of card mix.

You don’t always pay. If you did, then no business would ever have a gross margin that changed. And yet they always do. It’s about elasticity of demand: can they get away with charging more or will they lose sales if they do? Because yes, sometimes business owners do take less profit.

V/MC definitely price interchange differently depending on card type (Standard, Gold, Platinum, World Mastercard, Signature, etc.), as well as the things you mentioned. But the merchant may not see it depending on how you are pricing the merchant. The big boys are priced as “interchange plus” and thus would get…