Businesses in the USA, especially regions with a higher proportion of black or hispanic residents, will go out of business if they stop accepting cash. It’s not going to happen.
It is legal tender, but you can’t force people to accept cash in their own businesses. Before you walk into a store, they can say we do not accept cash. By walking in and buying, you agree to not use cash
Yeah but that doesn’t happen. Cash payment is the default standard that backs up the other forms of payment that depend on Internet / phone infrastructure and electricity.
No business that I have ever patronized has refused cash, but many have been cash only and were not able to accept cards or contactless payment. Power outages, Internet outages, etc all can bring down payment systems’ infrastructure.
That’s how it is in the USA, and it’s a good system. Cash is reliable and puts the entire monetary purchasing power into the literal hand of the citizens, versus cards and other digital payment systems that can be controlled by authorities to deny your access to your own money.
Sounds like you don’t know what you’re talking about. This all works fine in the USA for us, it’s not a bad system at all.
I have ALL options available to me - cards, contactless payment, cash, credit, whatever. I celebrate the fact that cash is an option that lets me avoid having every data-hoarding entity collect records of my purchases.
Taxes aren’t fucking me anywhere, I pay them and I get government services and infrastructure in return. Taxes aren’t hurting me at all in fact.
They can’t stop me from using cash if I want to though. It is legal tender for all debts, public and private.
Debts, yes. But businesses don’t have to accept cash if you pay before the service is rendered or the product is purchased.
Businesses in the USA, especially regions with a higher proportion of black or hispanic residents, will go out of business if they stop accepting cash. It’s not going to happen.
It is legal tender, but you can’t force people to accept cash in their own businesses. Before you walk into a store, they can say we do not accept cash. By walking in and buying, you agree to not use cash
Yeah but that doesn’t happen. Cash payment is the default standard that backs up the other forms of payment that depend on Internet / phone infrastructure and electricity.
No business that I have ever patronized has refused cash, but many have been cash only and were not able to accept cards or contactless payment. Power outages, Internet outages, etc all can bring down payment systems’ infrastructure.
That’s how it is in the USA, and it’s a good system. Cash is reliable and puts the entire monetary purchasing power into the literal hand of the citizens, versus cards and other digital payment systems that can be controlled by authorities to deny your access to your own money.
It does around here (Norway). I’ve never even seen how our cash looks like since the late 00s.
The US is a shit system made for fucking the average tax player in the ass
Sounds like you don’t know what you’re talking about. This all works fine in the USA for us, it’s not a bad system at all.
I have ALL options available to me - cards, contactless payment, cash, credit, whatever. I celebrate the fact that cash is an option that lets me avoid having every data-hoarding entity collect records of my purchases.
Taxes aren’t fucking me anywhere, I pay them and I get government services and infrastructure in return. Taxes aren’t hurting me at all in fact.