It’s even better: a lot of essential or close to it things are pretty much monopolies or cartels (for example, Internet access in most of the US) so people have no actual choice but to pay a specific entity whatever they chose to charge.
It’s like tax but without the upside of taxes (which is that they’re money that’s supposed to entirely end up benefiting you, even if most of it indirectly) because when you buy a product or service from a monopoly or cartel only part of it goes to cover the cost of the actual product or service you’re getting and a large fraction or even most of it goes to shareholder dividends, which has zero benefit for you.
I’ve taken to call these things Taxes Paid Directly To Private Companies.
It’s even better: a lot of essential or close to it things are pretty much monopolies or cartels (for example, Internet access in most of the US) so people have no actual choice but to pay a specific entity whatever they chose to charge.
It’s like tax but without the upside of taxes (which is that they’re money that’s supposed to entirely end up benefiting you, even if most of it indirectly) because when you buy a product or service from a monopoly or cartel only part of it goes to cover the cost of the actual product or service you’re getting and a large fraction or even most of it goes to shareholder dividends, which has zero benefit for you.
I’ve taken to call these things Taxes Paid Directly To Private Companies.