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An excellent change. It's unfortunate that stewardship of the committee will soon change hands as Khan has been a great advocate for fair contracts between companies and consumers during her tenure.
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Naive shilling for the capitalists doesn't get you anything, except more expensive concert tickets that is.
So let me ask you one question. Who do you think will pay more:
1. the person who sees all the costs upfront
2. the person who at the end of the deal will see additional fees
please tell me it is 1 and tell all of us how it is you "who understands basic economics"
Earlier quoted context omitted.
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You're right that businesses might roll fees into the base price, but that’s the point: transparency. When all costs are upfront, customers can more easily compare prices between competitors. Hidden fees make price comparisons difficult and misleading. Take airlines, for example—if one shows a $200 ticket and another shows $180 but sneaks in $30 of fees later, the second one appears cheaper. By requiring prices to re…
They should ban hidden taxes too. The sticker price should be the final price.
> The sticker price should be the final price. God I wish this applied to buying cars as well
“Oh, sorry, looks like we’d already applied the undercoat to your car.”
“Ah, thanks!”
“That’s an extra $400 charge.”
“I’m not paying for it. I didn’t want it. You can have it back if you want.”
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1. I'm not convinced by this argument, airlines compete on list price. If they can add a bunch of fees after winning on list price, they can move more and more of their costs into the fees and are no longer competing on the real price. 2. Let airlines compete on transparent pricing. I think this alone is enough of a benefit to this move.
Airlines are probably not the best example. A lot of people probably want cheaper airfares even if it means less/poorer service in a lot of ways.
But it should be as transparent up-front as possible. Even if infrequent travelers may not always understand the details.
They should ban hidden taxes too. The sticker price should be the final price.
I remember shopping in Japan. The price on the tag, is exactly what you pay (same with services, like hotels). Since this is Japan, it's a high price, but no surprises. Also, the service is amazing , and they won't accept tips. If you leave money on the table, they will chase after you, to give it back.
That's the norm, not the exception, in developed countries.
An excellent change. It's unfortunate that stewardship of the committee will soon change hands as Khan has been a great advocate for fair contracts between companies and consumers during her tenure.
As a free market fan, Khan seems to have been pretty terrible. But this looks genuinely good! It's basically banning fraud. ---[EDIT], since everyone is asking for reasons here are two libertarian/conservative critiques: • https://reason.com/2024/11/07/good-riddance-lina-khan/ • https://archive.ph/IjNmZ
They should ban hidden taxes too. The sticker price should be the final price.
Do you want to put in your shipping address to every website before you can shop?