What if ….

What if ATM fees were deducted straight out of your withdrawal such that instead of getting $40 dollars, you received $37? Might ring the death knell for ATM fees (or at least push them down to pennies, which would still provide great profits).

But rather than embark on a rant about the need to separate commercial banking from investment banking (an enormous conflict of interests), let’s apply this ATM rule to other items (I’ll skip contentious items like over taxation, the debt, and stick with lighter analogies). What if:

  • Jeans makers sold you a pair of jeans but without pockets?
  • Nature made trees but with no bark?
  • Car makers didn’t provide tires?
  • Pencil makers left out the lead?
  • Gas pumps gave you half a gallon but rang up a full gallon?
  • Candy bars got shorter for the same price? Oh wait, they did that with the Hershey bar!!

I think you get the point. Daily we accept dodgy man-behind-the-curtain ripoffs all in the name of convenience.