ICLE on the ‘Reverse Robin Hood Effect’
Boston Herald – An International Center for Law & Economics study about the so-called “reverse Robin Hood effect” was cited in a column by Stephen Moore that appeared in The Boston Herald. You can read full column here.
An International Center for Law & Economics study rejected the idea of a “reverse Robin Hood” effect. The ICLE reports that “86% of credit cardholders have active rewards cards, including 77% of cardholders with a household income of less than $50,000.” It is entirely wrong to argue that one must be rich to have a rewards credit card.