Are You Tipping or Are They Taxing? Tipping Culture is OUTRAGEOUS (#212)

Financial Advisors Say The Darndest Things

Episode Summary: In this episode of "Financial Advisors Save the Darndest Things," host A.B. Ridgeway dives into the contentious issue of tipping culture in America. Drawing on Candace Owens' frustration and personal experiences, Ridgeway questions the rationale behind tipping and explores whether it's time to rethink this practice. From unexpected places like wedding dress shops to the broader implications for service industries, this episode challenges listeners to reconsider the societal norms around tipping.

Key Takeaways:

1. Rethinking Tipping Norms: Ridgeway questions the societal norms surrounding tipping, especially in contexts where it seems unnecessary or disproportionate. From coffee shops to wedding dress stores, he challenges listeners to consider whether tipping should be reserved for exceptional service rather than expected as a default.
2. Tipping Fatigue: The episode highlights the phenomenon of "tipping fatigue," where individuals find themselves tipping multiple times a day for various services. Ridgeway suggests that this widespread practice can lead to financial strain and calls for a reevaluation of how and when tipping should occur.
3. Employer Responsibility: By discussing the low base wages for service industry workers, Ridgeway sheds light on the role of employers in perpetuating tipping culture. He argues that employers should take greater responsibility for adequately compensating their employees rather than relying on customers to make up the difference through tips.
4. Questioning Health and Service Charges: Ridgeway scrutinizes additional charges like health fees in restaurants, questioning whether customers should be responsible for covering these costs. He argues that such charges can feel unfair and urges listeners to consider whether they are truly necessary or simply a way for businesses to offload expenses.

Quotes:

1. "I now recognize that he is right. If you think that's absurd, walking around at the coffee shop and just having them do nothing but take your order and then asking to be tipped 20% for punching in some stuff on a flat screen."
2. "Utterly outrageous. I can't even imagine. Oh, OK. We're expecting you to pay thousands of dollars for your wedding dress. And here's an additional fee for simply trying it on, having us do our jobs and assist you while you're trying on a wedding dress."

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Check out this episode as I share my thoughts.

Dave Ramsey's thoughts on Tipping

https://youtu.be/VgNp1S_Fin0

Video source/audio credit and rights: Candace Owens Podcast: https://www.youtube.com/watch?v=LQCvBAsjZw0

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