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Comment by Someone1234 | Hacker News Reader

No, this is just greed.

Amazon's business model is "skimming off the top." Essentially take x% of whatever. If prices rise due to external factors and Amazon's x% remains identical then their real-term income increase inline with inflation.

This is double-dipping. Prices rise, Amazon makes more, now they want "and 5% more" on top because reasons.

PS - Although this argument only applies to inflation adjustments, not fuel.

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Funny how businesses weren't greedy a few weeks ago, and just after inflation kicks in they all become greedy. It's all about greed and nothing to do with money printing

Funny how it's all about money printing and not about greed. Businesses? Greedy? No way! Couldn't be.

Dude, this is capitalism. Everybody uses every excuse, from the most justified to the least justified. Assuming it's greed is dumb, but assuming it isn't greed is spectacularly dumb.

It is a percentage increase, not a fixed increase. And their normal fees are structured as percentages. Therefore, their existing fee structure adapted automatically to changes like money supply (or more specifically differences in exchange rates for their suppliers/third parties).

If it was a fixed increase, I'd be a lot less critical. But percentages piled on already percentage fee structures strikes of profiteering from their market position, and using the economic climate as a lazy excuse.

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