Credit cards alter the power dynamic between customer and merchant, especially in a world where so much commerce is remote. I appreciate protection against fraudulent merchant activity, as well as the ease of use relative to alternatives (who likes carrying cash or a checkbook?). Not having to pay for a month is nice but not the reason I use credit cards.
Amex has less than 10% worldwide market share and is a distant 4th behimd unionpay, visa, mc. I don't see the monopoly here.
I have to say I was relieved when my Amex card issuer switched to visa because owning an Amex is a pita. I think they build their business on various rewards programs, the brand itself is garbage in my eyes.
Btw, that is what Caesar said to his friend who betrayed him along with all the other senators. I fail to see how accusing chatgpt of betrayal makes sense here, so I'm assuming you have a misunderstanding of the phrase.
Well those Uber drivers are usually pretty quick to note that Uber is not their job, just a side hustle. It's too bad I won't know what they think by then since we won't be interacting any more.
Must feel pretty good when rich people get into a bidding war over your product!
I have a hobby and I don't get compensated for it (quite the opposite). It's not making art, but if art were my calling I could quite easily see myself making it without any hope of monetary reward. There are plenty of people who have the same hobby as me and don't have a job -- they pursue it as is it's a job, though most are not paid either. I view that as some combination of privilege and laziness.
If there's any problem here it's that people don't have enough time to pursue hobbies. I only have enough time because I work from home (no time wasted commuting). Perhaps the government should focus on where we as a society waste people's time and energy such that they have none left over for hobbies.
To need to already have a portfolio of work kind of defeats the purpose, no? It kind of proves you didn't need this money to make art. I would have thought the point was to unlock potential artists who hadn't the time to develop their practice.
Ultimately that comes out of their pockets. Every tax benefit my neighbor gets simply shifts the tax burden more to me. Unless I am someone who doesn't pay taxes I guess. Do you pay taxes?
I pay alot of taxes. Probably more annually in the last decade than I made in total my first decade working.
Many of my peers spend alot of time agonizing about this stuff and spending both mental energy and significant capital in avoidance. I get a higher ROI focusing on more valuable activities. Besides, art is an economic engine. If you studied it, I’d guess those tax credits in Ireland generate multiples in domestic economic activity.
Agreed it is a waste to spend too much time worrying.
It seems dubious to claim that the tax break is a net positive for the country's economy. If art were so economically viable I suspect it would pay for itself and not need government incentives. I have no problem with the government paying a muralist to beautify some public space, but this is not that. This is subsidizing art that already has some economic value to someone, just not very much.
I feel like what is actually happening is subsidizing the buying of art, as the artist themselves can afford to charge a lower price due to the tax break. So you are encouraging the population to buy more art. And I guess that has some hypothetical returns in terms of life satisfaction and civility...? I think if they framed it this way, as a tax benefit available to anyone instead of exclusively to a select few, it might be more well received. I think of the mortgage interest tax break in the USA (which is actually almost completely negated at this point by the growing standard deduction) in the same way. It encourages people to settle down, maintain a job, and buy into society, so it helps build social stability and reduces violence.
Visa: $3 trillion, 52% Mastercard: $1.4 trillion, 24% American Express: $1.1 trillion, 19% Discover: 0.3$ trillion, 5%
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