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Visa and Mastercard were pressured into cutting of Pornhub ads literally yesterday. There needs to be a statuary right to be serviced by the banking system. Th
by miracle2k 4y ago
Visa and Mastercard were pressured into cutting of Pornhub ads literally yesterday.
There needs to be a statuary right to be serviced by the banking system. This is in addition to escape valves such as cash and crypto.
- hakfoo 4y agoI always thought we should give every SSN/EIN an account at a state-ran bank, structurally obliged to serve all legal uses. This would ensure everyone had access to direct-deposit payment (eliminating most of the case behind the "it's almost a real bank account" prepaid-card products with exploitative fees) and create a single huge audience to target for "over the top" services to develop. Perhaps it could be put together as a "portable" service-- you can link your state-bank account with your preferred brick-and-mortar to handle cash and in-person services. There would be phone-number style portability, to encourage them to compete for most features/lowest fee/subsidy requirements.
- toomuchtodo 4y agohttps://www.congress.gov/bill/116th-congress/senate-bill/3571 https://www.congress.gov/bill/116th-congress/senate-bill/357... https://econreview.berkeley.edu/fed-accounts-and-the-right-to-save/ https://econreview.berkeley.edu/fed-accounts-and-the-right-t...