Not a problem...
They will just raise current rates to pay for it.
Verizon has agreed to pay $64m to settle claims that the mobile carrier overcharged some customers on their bills. According to copies of the settlement posted online, Verizon will issue both cash payments for customers and credits for free calls. The settlement would put aside claims that the company overcharged some of its …
" They will just raise current rates to pay for it."
Exactly.
Which is why increasing corporate taxes is also ineffective, the tax increase is passed on to the consumer. Coporate taxes serve the purpose of an additional tax mechanism to drain the consumer, much like state lotteries are a tax for people who don't understand math very well...
I reckon I'll be receiving another $10 class action lawsuit check in the mail shortly. Third one this year.
So what have we learned? Nothing really. Verizon admits nothing, lawyers get paid, original claimants get maybe 1%, and the rest get $10. Sylvania sent $10 to cover a $56 set of halogen lights that burned out prematurely. Michelin $10/ea for a sidewall issue.
Point is, they have already made their money. Customers took the loss and only recover a very small portion of that loss. Settle while wailing protestations of innocence, it's like theatre:
Corp: 'Ah, you caught us!'
Lawyers: 'Why yes, yes we did and we'll do it again!'
Corp: 'No, you won't.'
Lawyers: wink, wink.
Corp: nudge nudge.
Corp: ' Good show on that, see you at the club?''
Lawyers: 'Right!'
It's not Friday afternoon yet.
;(
A couple of years ago I received a check for $0.12 from ATT for a class action settlement !!! Postage was $0.35.
Ridiculous !!!
These companies need a REAL threat before they stop their illegal, immoral practices. perhaps even jail time for their upper management so that the costs of getting caught are not passed to their customers.
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