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Eldorado

Fighting the push for a cashless society

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Eldorado

"Once dominant, cash has been steadily overtaken by credit cards and a growing number of electronic and mobile options.

"Some countries, including the US, are even toying with plans for digital currencies.

"However, a growing number of places in the US are pushing back.

"In January, New York City passed a law requiring businesses to accept dollar bills. The measure followed similar steps in Philadelphia, San Francisco, and New Jersey.

"Several other cities, including Washington DC, are considering similar moves and Congress recently heard comments about a country-wide proposal."

Full article at the BBC: https://www.bbc.co.uk/news/business-51214832

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lightly

We need cash...how would the guys playing guitars at store entrances make a living?!

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K9Buck
1 hour ago, Eldorado said:

"Once dominant, cash has been steadily overtaken by credit cards and a growing number of electronic and mobile options.

"Some countries, including the US, are even toying with plans for digital currencies.

"However, a growing number of places in the US are pushing back.

"In January, New York City passed a law requiring businesses to accept dollar bills. The measure followed similar steps in Philadelphia, San Francisco, and New Jersey.

"Several other cities, including Washington DC, are considering similar moves and Congress recently heard comments about a country-wide proposal."

Full article at the BBC: https://www.bbc.co.uk/news/business-51214832

 

I vehemently disagree with the government requiring businesses to accept cash.  To me, this is government overreach and it smacks of fascism, wherein the government dictates to private companies how they must run their business.  

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Habitat
19 minutes ago, K9Buck said:

 

I vehemently disagree with the government requiring businesses to accept cash.  To me, this is government overreach and it smacks of fascism, wherein the government dictates to private companies how they must run their business.  

Have a little think about this, if all your liquid wealth is non-cash, then you will be prey to negative interest rates, and if the economy goes bad, there will be the means to control your spending habits, by making that interest rate, more negative. That'll get you spending to stimulate the economy !

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K9Buck
3 minutes ago, Habitat said:

Have a little think about this, if all your liquid wealth is non-cash, then you will be prey to negative interest rates, and if the economy goes bad, there will be the means to control your spending habits, by making that interest rate, more negative. That'll get you spending to stimulate the economy !

Some businesses may not want to accept cash for safety reasons.  Why should the government be able to dictate to them that they MUST accept it?  Let the free market decide.  

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and then

The day cash becomes obsolete, so does freedom.  The government will know EVERY interaction you have with businesses and groups as well as your location at any given point in time.  We will have finally taken the step of overcoming ourselves and learning to love Big Brother.  

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Habitat
1 minute ago, K9Buck said:

Some businesses may not want to accept cash for safety reasons.  Why should the government be able to dictate to them that they MUST accept it?  Let the free market decide.  

I agree it should not be mandatory, but neither ought a cashless society. That will be Orwellian.

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K9Buck
1 minute ago, Habitat said:

I agree it should not be mandatory, but neither ought a cashless society. That will be Orwellian.

I rarely use cash.  Should the government force me to use it?  Of course not.  The government should NOT be dictating to private businesses as to what form of payment they must accept.  

One reason it's difficult to succeed in business is because society imposes too many laws and regulations that makes it difficult for people to be able to work and be productive.  Like Ronald Reagan once said, government can't fix the problem because they are the problem.  

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Habitat
1 minute ago, K9Buck said:

I rarely use cash.  Should the government force me to use it?  Of course not.  The government should NOT be dictating to private businesses as to what form of payment they must accept.  

One reason it's difficult to succeed in business is because society imposes too many laws and regulations that makes it difficult for people to be able to work and be productive.  Like Ronald Reagan once said, government can't fix the problem because they are the problem.  

I don't know where your complaint is coming from, unless you are running a business and don't want to handle cash. But I can tell you that getting rid of cash will be a big step on to the slippery slope. Sure, I agree cash should not be mandatory, but if cash goes, the place is cooked.

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K9Buck
13 minutes ago, Habitat said:

I don't know where your complaint is coming from...

The government has no place telling supposedly free people what types of payment they're required to accept at their business.  That's it.    

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Habitat
4 minutes ago, K9Buck said:

The government has no place telling supposedly free people what types of payment they're required to accept at their business.  That's it.    

The gubmint tells "free people" what business practices are permitted every day of the week, I guess it gets down to minimum service obligations.

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K9Buck
12 minutes ago, Habitat said:

The gubmint tells "free people" what business practices are permitted every day of the week, I guess it gets down to minimum service obligations.

Not like this they haven't, at least not in the U.S.  

Do you know what "rent control" is?  If so, do you support that too or do you oppose it?  

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Habitat
3 minutes ago, K9Buck said:

Not like this they haven't, at least not in the U.S.  

Do you know what "rent control" is?  If so, do you support that too or do you oppose it?  

All laws are restrictions and compulsions, there is nothing unique about this idea, of obliging businesses to deal in cash. I would consider a law abolishing cash as an option, as far more undesirable.

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K9Buck
4 minutes ago, Habitat said:

All laws are restrictions and compulsions, there is nothing unique about this idea, of obliging businesses to deal in cash. I would consider a law abolishing cash as an option, as far more undesirable.

Well, I think it's bad policy and overreaching government, but I respect your perspective.  

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Manwon Lender
3 hours ago, Eldorado said:

"Once dominant, cash has been steadily overtaken by credit cards and a growing number of electronic and mobile options.

"Some countries, including the US, are even toying with plans for digital currencies.

"However, a growing number of places in the US are pushing back.

"In January, New York City passed a law requiring businesses to accept dollar bills. The measure followed similar steps in Philadelphia, San Francisco, and New Jersey.

"Several other cities, including Washington DC, are considering similar moves and Congress recently heard comments about a country-wide proposal."

Full article at the BBC: https://www.bbc.co.uk/news/business-51214832

I think the days are certainly numbered for cash transactions. But not for the reason that is currently being discussed, I tend to beleive that the Federal Government is actually behind this transition. This way they will have control , because it will make money very hard to hide and it will allow them to track where Money is actually going when it is spent. Last by doing away with currency, they will save many millions of dollars in printing, transporting, and storing currency for distribution. 

For me on a personal basis, I could careless. I don't really like to carry cash, it's dirty, smelly, and you have to keep track of it. Cards are are just easier to deal with, and tracking your purchases is simple. 

Peace

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Habitat
3 minutes ago, K9Buck said:

Well, I think it's bad policy and overreaching government, but I respect your perspective.  

I think businesses should be able to deal without cash, unless it is an essential service or a monopoly licenced business, for example if a company won a govt tender to supply a ferry service to an island, and had no competition, they should not be able to charge what they like, or how they like, i.e. by card only, for example. But in a situation like a snack bar, that would be different. And probably a nuisance, if people found themselves unable to pay for the order !

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Tatetopa
1 hour ago, K9Buck said:

I vehemently disagree with the government requiring businesses to accept cash.  To me, this is government overreach and it smacks of fascism, wherein the government dictates to private companies how they must run their business.  

Cash is legal tender for all debts in our country.  It says so right on the notes.  That is part of what a government does, set up a stable system of exchange.  It is rather useful to have some exchange medium that you can carry in the case of power failures and natural disasters that does not rely on the internet.  First target in any hostilities is the power grid and internet.  Consider how crippled we would be when cell phones don't work , all of the funds we have in  banks are inaccessible and there is no way to run a visa card for a week or a month..

I mostly use a card , but it is nice to have the option of using cash.

 

 

 

 

Edited by Tatetopa
spelling error
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K9Buck
2 minutes ago, Tatetopa said:

Cash is legal tender for all debts in our country.  It says so right on the notes.  That is part of what a government does, set up a stable system of exchange.  It is rather useful to have some exchange medium that you can carry in the case of power failures and natural disasters that does not rely on the internet.  First target in any hostilities is the power grid and internet.  Consider how crippled we would be when cell phones don't work , all of the funds we have in  banks are inaccessible and there is no way to run a visa card for a week or a month..

I mostly a card , but it is nice to have the option of using cash.

 

 

 

 

I understand.  I also understand that having large amounts of cash on hand can get one killed.  One shouldn't have to lose their life in order to make things convenient for another.  On top of that, the folks running their burrito stand, for instance, are denied the right to arm themselves for defense.  And when the poor street vendor gets stabbed to death by a methhead for the $80 in cash that he has, those same government officials won't lose any sleep over it.  Rest assured, of course, that they are entitled to carry guns and have armed protection, if they so desire.  It reminds me of the saying "Socialism is for the people, NOT the socialist" - Andrew Wilkow.  

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Tatetopa
2 minutes ago, K9Buck said:

I understand.  I also understand that having large amounts of cash on hand can get one killed.  One shouldn't have to lose their life in order to make things convenient for another.  On top of that, the folks running their burrito stand, for instance, are denied the right to arm themselves for defense.  And when the poor street vendor gets stabbed to death by a methhead for the $80 in cash that he has, those same government officials won't lose any sleep over it.  Rest assured, of course, that they are entitled to carry guns and have armed protection, if they so desire.  It reminds me of the saying "Socialism is for the people, NOT the socialist" - Andrew Wilkow.  

It is not just criminals and shady characters who deal in cash.. There are still a number of people who cash their paychecks and do not have bank accounts or credit cards, those who live close to the poverty level.  It the laborer cannot buy a burrito at the local stand for cash, and the grocery store also refuses cash, what does he do?  

Why is it the owner of the burrito stand is denied the ability to arm himself?

What would you do K9Buck if suddenly nobody wanted to accept your type of credit card?

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K9Buck
7 minutes ago, Tatetopa said:

Why is it the owner of the burrito stand is denied the ability to arm himself?

It's VERY difficult to obtain a permit to carry a gun in New York City.  

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K9Buck
7 minutes ago, Tatetopa said:

It the laborer cannot buy a burrito at the local stand for cash, and the grocery store also refuses cash, what does he do?  

I disagree with the concept that a private business owner is obligated to put the interests of a laborer ahead of his own interests.  

 

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A rather obscure Bassoon
1 hour ago, K9Buck said:

The government has no place telling supposedly free people what types of payment they're required to accept at their business.  That's it.    

Yes it does.

Any business owner who refuses to accept legal currency should absolutely be legislated against.

I wish the Canadian government would legislate against Canadian buisnesses here that refuse to accept 100 dollar bills.

Edited by A rather obscure Bassoon
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Habitat

So the issue appears to be the OP is concerned about being robbed ?

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K9Buck
22 minutes ago, A rather obscure Bassoon said:

Yes it does.

Any business owner who refuses to accept legal currency should absolutely be legislated against.

I wish the Canadian government would legislate against Canadian buisnesses here that refuse to accept 100 dollar bills.

Yea?  Do you agree with government dictating to private citizens how much they're allowed to charge for the use of their own property?  

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Tatetopa

Is it legal for a business in the United States to refuse cash as a form of payment?

Section 31 U.S.C. 5103, entitled "Legal tender," states: "United States coins and currency [including Federal reserve notes and circulating notes of Federal reserve banks and national banks] are legal tender for all debts, public charges, taxes, and dues."

This statute means that all United States money as identified above is a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or services. Private businesses are free to develop their own policies on whether to accept cash unless there is a state law which says otherwise.

 

So unless there are state or local laws about this then businesses can refuse cash.  I didn't know that.

One less thing standing in the way of globalism I guess.

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