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Opinion:
Great news. Cash has returned as King.
My old man use to tell me (R.I.P.) if you ain't got the buck to pay for you put it back on the shelf.
An old rhyme I remember as a young child:
A hardware store in Ridgewood NY had a sign posted on the front of the store cash register (big as day).
It read as followed...
Mr.Cash without a worry rash.
Mr. Credit always in debit.
If that don't say it all nothing else will......................
Opinion:
Great news. Cash has returned as King.
My old man use to tell me (R.I.P.) if you ain't got the buck to pay for you put it back on the shelf.
An old rhyme I remember as a young child:
A hardware store in Ridgewood NY had a sign posted on the front of the store cash register (big as day).
It read as followed...
Mr.Cash without a worry rash.
Mr. Credit always in debit.
If that don't say it all nothing else will......................
Cash is *not* returning as "king" or anything close.
Only people see using cash are criminals and middle-aged to old people who for reasons of their own won't use cards.
You stand behind them in a long checkout line at supermarket, DR, RiteAid, etc... when they finally get up to register its "how much was that?", then out comes some old billfold or change purse from back in the day and they begin counting out bills. But wait there's more "I have three pennies, two nickels, ......" All this while line is growing longer and longer. No one has time for that nonsense.
Parking meters don't take coins, tolls don't take money any longer either, and those are run by government agencies. So how can it be fair to make businesses accept cash?
Cash is dangerous, inconvenient and problematic for businesses. AFAIK, no one has ever been held up for their credit card receipts. I don't even know if paper credit card receipts even have to be taken to the bank any more.
On the flip side, the cash economy facilitates tax evasion. It's hard to not report income that flows through your bank account electronically. The government would be better of eliminating cash than forcing businesses to accept it.
I particularly like cash-only restaurants, because they're usually trying to keep their prices down and not have a percentage of their income skimmed off by the credit card companies.
I love cash. I don't carry it around much (only because I don't like paying ATM fees or going to the bank), but I would hate a cashless society.
I was in Germany recently and they're very big on cash. Most bars in Berlin don't even take card. Which I think is a good thing, because the prices were very low for a wealthy country.
Hmm. I'm kind of whatever about this legislation. I'd figure they'd go for cashless since it's obviously easier to tax credit transactions. In Japan, it's heavily geared towards cash, the lowest denomination you can take out of an ATM being about $100 roughly. Because of that, I switch between cash and card pretty often and don't mind if a place is one or the other. I can't say this will affect my life at all.
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