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Cashless would be nice if it weren't for the fact that it comes with a 2+% tax to the CC makers. And they decide if you are permitted to do business. Make por
by kevin_b_er 8y ago
Cashless would be nice if it weren't for the fact that it comes with a 2+% tax to the CC makers. And they decide if you are permitted to do business. Make porn? CC companies often decide you don't get to do business. Can the CC companies decide a person may no longer do any trade by denying them all access to the cashless society's goods?
The cashless society represents a fundamental danger to liberty.
- pzone 8y agoCashless transactions (including credit card, debit card, NFC, etc) may include fees of around 2%, but those can be easily exceeded by all the fees and costs of using cash. This is the extra time and training required of employees, hardware and space for big registers, risk of robbery, employee error, cash handling fees by financial institutions - no mode of payment is free. Why not let businesses decide which payment methods are more economical and competitive for their own needs? Businesses that offer customers a discount for paying in cash are more likely to be saving that money because they're dodging taxes, not because they're dodging CC fees.