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McDonald's would still be profitable with a $50/hr minimum wage.

Bullcrap.

Annual payroll expense per McDonald's restaurant: $602,000

Annual net profit per McDonald's restaurant: $153,900

Even a 25% increase in payroll would put them out of business. There is no way they could absorb a 300-400% increase, which is what you are claiming.

McDonald's cost vs profit

You read the chart wrong ... the average PROFIT of the McDonalds is over $700K per year. The net operating expenses were $153,900 without personnel costs. Go back and read it again.

McDonald's would still be profitable with a $50/hr minimum wage.

Bullcrap.

Annual payroll expense per McDonald's restaurant: $602,000

Annual net profit per McDonald's restaurant: $153,900

Even a 25% increase in payroll would put them out of business. There is no way they could absorb a 300-400% increase, which is what you are claiming.

McDonald's cost vs profit

It's about calorie density, and calories per dollar.

Crappy food is cheaper per calorie, is denser per calorie, is quick and easy, and you can eat more of it because it doesn't fill you up.

See this and this.

Do you have any references to back up your statements? I literally have never heard that before. One example of a blogger stating the opposite of what you're saying:

http://www.mymoneyblog.com/more-inactive-credit-cards-being-closed-protect-your-fico-credit-score.html

Secondly, you didn't answer my question at all about monthly fees? What are you talking about?

Also, even if you pay your balance every month, you're still paying in higher costs. Merchants have to pay 2% to 4% to the card company. Take 3% of what you spend every year and multiply it by a hundred million people. That's a LOT of money. And if you're going to pay by cash or debit card, you can always ask for a discount. On a $1,000 purchase, paying $40 less is a "Good Thing".

I do agree--to an extent with this. I think 4% is a little high from my own experience, but yes, it's not at all an insubstantial amount. I spend cash wherever possible. I use credit cards to get gas and for any electronic/appliance purchases. I use an Amex that gives an extra one year to the warranty. Online purchases I use credit cards (no cash for Amazon!). Other than that, I'm just about entirely cash.

In theory, you'd think this would be the case. In practice, most people filing on April 15th are filing to get their money back, not send money in.

There are actually no incentives for governments to make it easier for taxpayers to get refunds. Taxpayers can create those incentives by reducing their withholdings to $0 so that they owe the government on April 15th rather than the other way around. Given California's problems, that seems like a pretty good idea anyway.

Do yourself a favour and consider haggling with your ISP. Personally, I don't think I've paid full price for my Internet connection since early to mid 2008.

http://www.mymoneyblog.com/how_to_save_138.html

...to go into serious, life crippling debt. We should be working on ways of getting out of debt, not ways to make consumerism even fucking worse than it is now. 50 years ago the average American was saving 10-30% of their income a year as savings. Today it's closer to 2%. To make matters worse banks are tossing out cards like a child molester does candy. Interest only loans are now normal. We're on the verge of a housing collapse because of all the shoddy loans to people over extended as it was.