Comment on FTC lays out new rule that could end hidden fees | The agency is proposing a new rule that could require businesses, from hotels to ticket sellers, to provide clear disclosures on costs and whether...

• uis@lemmy.world ⁨1⁩ ⁨year⁩ ago

  The added transparency only increases sales because people will buy cars knowing that listed price is what they are going to pay for gasoline.

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  • ericisshort@lemmy.world ⁨1⁩ ⁨year⁩ ago

    It seems quite the stretch to think people would buy more cars because tax is included in the price of gasoline. Please provide some data that substantiates your theory.

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    • uis@lemmy.world ⁨1⁩ ⁨year⁩ ago

      It seems quite the stretch to think people would buy more cars because tax is included in the price of gasoline.

      In what shop would you go? In one that charges listed price or one that charges more?

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      • ericisshort@lemmy.world ⁨1⁩ ⁨year⁩ ago

        Most people would go to the one with the cheaper posted price but with hidden fees than the one with the more expensive all inclusive price. Market data shows this tactic works, and the fact of the matter is that people are consistently fooled into paying higher prices because of hidden fees.

        Why else would most companies consistently hide fees rather than be transparent unless it positively affects their bottom line?

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