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'Black Friday' and associated fallout megathread
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[QUOTE="ruhrohdingdong, post: 1727877, member: 80096"] Well there are two parts. One source told me that Stars was paying as much as 20% on every deposit simply to get around the regulations (which now turns out to include paying off the banks to process them but also standard processor errors and the estimated money seized that they have to front). So I think even with the proposed taxes that the cost of them doing business will go down with regulations. That doesn't mean in the future the government won't try to impose more sin taxes to make it basically unbeatable, but at least for US transactions they will definitely make more paying the proposed taxes than the way it was before Friday. Logic overall is good but I just don't think people realize how bad it was to get around the DoJ even before the 15th. Also the part about economics and passing costs down to the customer is correct but your logic is a pretty common (imo) error. It's not like they have the choice to pay it themselves or pay out of pocket. If there is not market collusion (price fixing and the like), in a perfectly competitive market they will make prices as low as possible while still allowing them to make a profit. Obviously not all markets are perfectly competitive, especially in a market with so many government regulations and such a high entry cost, but generally when the cost of business goes up they have to make the money somehow. If they could have cut costs after the extra taxes/any other cost, a good company would have done so before. The only other way to go is to raise revenue somehow. The only real way to do it is to pass the cost on to the customer. This is something in the US a lot of people don't seem to realize they think if they just taxed big businesses it would create money out of thin air, when usually it means they will end up paying more for products. Anyway /politics and economics don't really wanna debate that too much just want to stick with poker for now. Fulltiltpoker.co.uk and download the client from there and as long as you are currently residing outside of the US and as long as your address registered with FTP is also outside of the US, you will be able to keep playing with your same account and same roll. [/QUOTE]
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