Global Stealth Tax

Garden Serf lays out, from personal experience, how "hidden fees" are being slipped into the credit card bill...

Just like he says.  It's a stealth tax on the global level.

Global Stealth Tax

Check your credit card bills for small purchases, fees, and interest charges that shouldn’t be there. This might only happen one time per month every few months for around $10. I’ve noticed this has become a trend over the past year or so. The latest for me was through the bank itself which I was able to negotiate back off my bill with a simple phone call –after I was cut off the first time (“Oh, sorry about that disconnect earlier”). Others have involved small charges for financial services from companies I never placed orders with –including one through a well-known company which frequently advertises on TV. 

Imagine these $10 charges happening to tens of millions of people across North America and Europe every month and assume 10,000,000 do not dispute it. That turns into a cash flow of $100,000,000 per month. This is easy money considering no real goods or services are actually handled or shipped (supposedly emailing a credit report doesn’t count).