Cashless economy or not?

fancicoffee13

fancicoffee13

Senior Member
Location
Texas
Here recently, we went to Wal Mart and to check out it asked us if we Agree to Debit or Credit Card only! I heard about the cashless thing on the news, but didn't know it would hit so early at my store! I don't mind going cashless for me personally, but there are an awful lot of people, like seniors, who don't do this high tech stuff and only do cash and get money orders and the like.
 

Many places here are requesting card payment only.

I always offer cash in those places..not because I don't use a card routinely usually in stores but because I fear that we will become a cashless society, and that is the start of a very slippery slope. Most places who request card only will actually take cash
 
The local Walmart that I use has a spotter that directs customers paying with plastic to self-checkouts that have run out of cash/coins.

It just helps to keep the lines moving until the machines can be serviced.

I do believe that the pandemic has made a big step towards a cashless society. I haven't used more than fifty bucks in cash since March.

Going cashless might help to reduce taxes and costs of doing business for the average person. Think of all the cash that flows in the underground economy and escapes taxation. It would a huge benefit to funding the government if all of the bars, pizza shops, restaurants, hair salons, etc... were all paying taxes based on actual verifiable income.
 

I don't know how many times before self check out I've been behind someone looking thru a wallet or purse for money then there pockets to find the correct change. Then while searching for the money they discover the coupons they forgot. I'm good with electronic transfer of money into our banking the plastic to pay & go at self check out. I'm retired and have all the time in the world to wait, but there is something about waiting in line for someone to sort thru their wallet or purse for money to pay for whatever that is annoying.
 
The U.S. Treasury is asking for everyone to please turn in your coins you have laying around like we all do. Too many myself included, are using credit cards because of fear of handling cash.
 
fmdog44 said:
The U.S. Treasury is asking for everyone to please turn in your coins you have laying around like we all do. Too many myself included, are using credit cards because of fear of handling cash.
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Turn the coins into where. Those cash for coin machines want 10% . Kind of a lot to get when the machine does the work.
 
Aunt Bea said:
The local Walmart that I use has a spotter that directs customers paying with plastic to self-checkouts that have run out of cash/coins.

It just helps to keep the lines moving until the machines can be serviced.

I do believe that the pandemic has made a big step towards a cashless society. I haven't used more than fifty bucks in cash since March.

Going cashless might help to reduce taxes and costs of doing business for the average person. Think of all the cash that flows in the underground economy and escapes taxation. It would a huge benefit to funding the government if all of the bars, pizza shops, restaurants, hair salons, etc... were all paying taxes based on actual verifiable income.
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Cashless society has discriminatory and is exclusionary effects. There are seniors that can't do cashless, poor people and people who do not qualify for debit cards or credit cards. No, going cashless is not good economics and there will always be those that cannot do cashless. New York has a bill forbidding cashless as the only payment method. It also prohibits enterprises from penalizing customers who pay with cash by charging them higher prices. The fine is $1500.
 
IMHO another needless controversy. I tend to still use cash, as I've done all of my life. Don't even remember when credit cards came into being although in recent years I do use my credit and debit card occasionally.

But, almost all of our kids and the grandkids use their credit or debit cards for even the smallest items. It'll take care of itself and there's no reason the transition can't continue as it has in the past. A lane or two for cash, the others for cards and/or checks.
 
I still use the green stuff at the barber shop, but everywhere else gets plastic. Coins are in a pile on my dresser.
 
Aunt Bea said:
The local Walmart that I use has a spotter that directs customers paying with plastic to self-checkouts that have run out of cash/coins.

It just helps to keep the lines moving until the machines can be serviced.

I do believe that the pandemic has made a big step towards a cashless society. I haven't used more than fifty bucks in cash since March.

Going cashless might help to reduce taxes and costs of doing business for the average person. Think of all the cash that flows in the underground economy and escapes taxation. It would a huge benefit to funding the government if all of the bars, pizza shops, restaurants, hair salons, etc... were all paying taxes based on actual verifiable income.
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I think I've spent $5 in cash since March.
 
If they go cashless what are we supposed to do with the cash we have? Can we turn it into the bank as a deposit I wonder?

How would we pay for a cab ride with no cash? Or a trip on the city bus??
 
MarciKS said:
If they go cashless what are we supposed to do with the cash we have? Can we turn it into the bank as a deposit I wonder?

How would we pay for a cab ride with no cash? Or a trip on the city bus??
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I'm sure that if you have a bunch of cash under your mattress you could just put it back in the bank. As to cabs or a city bus, they could put card machines in easily enough. My hairdresser and plumber both have a way to take credit cards through their cell phones
 
A cashless society means no cash.... Zero!!! It doesn’t mean mostly cashless and you can still use a ‘wee bit of cash here & there’. Cashless means fully digital, fully traceable, fully controlled. I think those who support a cashless society aren’t fully aware of what they are asking for. A cashless society means:

* Your child can’t go & help the local farmer to earn a bit of cash.
* No more cash slipped into the hands of a child from their grandparent when going on holidays.
* No more money in birthday cards.
* No more piggy banks for your child to collect pocket money & to learn about the value of earning.
* No more cash for a rainy day fund or for that something special you have been putting $10 a week away for.
* No more selling bits & pieces from your home that you no longer want/need for a bit of cash in return.
* No more cash gifts from relatives or loved ones.

What a cashless society does guarantee:
* Banks have full control of every single cent you own.
* Every transaction you make is recorded.
* All your movements & actions are traceable.
* Access to your money can be blocked at the click of a button when/if banks need ‘clarification’ from you which could take weeks, a hundred questions answered & five hundred passwords.
* If your transactions are deemed in any way questionable, by those who create the questions, your money will be frozen, ‘for your own good’.
And before anybody slams this post ... don’t go shooting the messenger .. I’m sharing it because maybe we all need to take off our blinkers. Forget about cash being dirty. Cash has been around for a very, very long time & it gives you control over how you trade with the world. It gives you independence.
If you are a customer, pay with cash. If you are a shop owner, remove those ridiculous signs that ask people to pay by card. Cash is a legal tender, it is our right to pay with cash. Banks are making it increasingly difficult to lodge cash & that has nothing to do with a virus.
Please stop believing everything you hear on the TV. Almost every single topic in today’s world is tainted with corruption & hidden agendas. Politics & greed is what is wrong with the world; not those who are trying to alert you to the reality.
Please pay with cash & please say NO to a cashless society while you still have a choice.
 
Keep in mind cash is in 2 forms...
Coinage and Paper...
Coinage would retain some value... older stuff is better..
Paper will only help with building a fire
 
Ken N Tx said:
A cashless society means no cash.... Zero!!! It doesn’t mean mostly cashless and you can still use a ‘wee bit of cash here & there’. Cashless means fully digital, fully traceable, fully controlled. I think those who support a cashless society aren’t fully aware of what they are asking for. A cashless society means:

* Your child can’t go & help the local farmer to earn a bit of cash.
* No more cash slipped into the hands of a child from their grandparent when going on holidays.
* No more money in birthday cards.
* No more piggy banks for your child to collect pocket money & to learn about the value of earning.
* No more cash for a rainy day fund or for that something special you have been putting $10 a week away for.
* No more selling bits & pieces from your home that you no longer want/need for a bit of cash in return.
* No more cash gifts from relatives or loved ones.

What a cashless society does guarantee:
* Banks have full control of every single cent you own.
* Every transaction you make is recorded.
* All your movements & actions are traceable.
* Access to your money can be blocked at the click of a button when/if banks need ‘clarification’ from you which could take weeks, a hundred questions answered & five hundred passwords.
* If your transactions are deemed in any way questionable, by those who create the questions, your money will be frozen, ‘for your own good’.
And before anybody slams this post ... don’t go shooting the messenger .. I’m sharing it because maybe we all need to take off our blinkers. Forget about cash being dirty. Cash has been around for a very, very long time & it gives you control over how you trade with the world. It gives you independence.
If you are a customer, pay with cash. If you are a shop owner, remove those ridiculous signs that ask people to pay by card. Cash is a legal tender, it is our right to pay with cash. Banks are making it increasingly difficult to lodge cash & that has nothing to do with a virus.
Please stop believing everything you hear on the TV. Almost every single topic in today’s world is tainted with corruption & hidden agendas. Politics & greed is what is wrong with the world; not those who are trying to alert you to the reality.
Please pay with cash & please say NO to a cashless society while you still have a choice.
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Excatly , Ken!! This is precisely what I've been trying to explain to people who don't seem to be concerned
 
I went cashless years ago. A friend taught me to empty the change in my pockets , and save it in a jar. at the end of the day. Well, now, I've got this huge jug of change. None of the banks around here offer a change machine, and I'm not giving up 15% to use a store machine. I decided to go cashless, and thus "changeless". I honestly don't see the big deal. Yeah, there area few places that won't accept plastic, but even car washes have new machines that accept cards. If you want to slip your grandson a few dollars, give him a store card. You can send an E-check, or use an old fashioned paper check. There's nothing holy about cash. I don't think giving up cash is the first step to enslaving the planet in some kind of nefarious plot. The same concerns worried some, when we came off the gold standard. We went from putting gold coins in the cash register, to putting paper in slots, and now, putting figures into accounts.
And to be honest, I don't think we have any say in the matter. We are going to go cashless, there's no doubt about that.
 
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Butterfly said:
I'm sure that if you have a bunch of cash under your mattress you could just put it back in the bank. As to cabs or a city bus, they could put card machines in easily enough. My hairdresser and plumber both have a way to take credit cards through their cell phones
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I forgot about those cell phone thingies.
 
Knight said:
Turn the coins into where. Those cash for coin machines want 10% . Kind of a lot to get when the machine does the work.
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Bank. Take the coins there and deposit into your bank account.
The days when people had $300 in cash on them all the time have been over years ago.
Canada has eliminated the penny. I'm guessing the nickel is next. I don't miss the pennies at all.
People don't even pick one up that's on the ground.
 
fuzzybuddy said:
I went cashless years ago. A friend taught me to empty the change in my pockets , and save it in a jar. at the end of the day. Well, now, I've got this huge jug of change. None of the banks around here offer a change machine, and I'm not giving up 15% to use a store machine. I decided to go cashless, and thus "changeless". I honestly don't see the big deal. Yeah, there area few places that won't accept plastic, but even car washes have new machines that accept cards. If you want to slip your grandson a few dollars, give him a store card. You can send an E-check, or use an old fashioned paper check. There's nothing holy about cash. I don't think giving up cash is the first step to enslaving the planet in some kind of nefarious plot. The same concerns worried some, when we came off the gold standard. We went from putting gold coins in the cash register, to putting paper in slots, and now, putting figures into accounts.
And to be honest, I don't think we have any say in the matter. We are going to go cashless, there's no doubt about that.
Click to expand...
When and if everyone goes cashless, we are no longer in control of our own money. I for one, will fight to the death to prevent that happening
 
Myself, I would prefer a cashless society. It would really cut down on the amount of crime. I would also be an advocate for using face recognition technology (FRT) at banks and checkouts.
 
One positive could be the drug problem reduced. I purposely said reduced because when it comes to drugs where there is a need people will find a way. But IMO a greater amount won't be able to. So crimes, cost to incarcerate & health issues associated with drug addicts eventually all drains on the economy would begin to decrease.

Drugs do generate a lot of cash transactions. See what a pile of cash generated thru the sale of drugs looks like.


https://www.joe.ie/news/pics-this-p...the-insane-home-of-a-mexican-drug-lord-409313
 
A few year ago, I was in the Lancaster Area. It was late on Sunday. I was in an Amish shop, which was just a tent on the side of the road. It was lit with propane lights. I wanted to buy something, but didn't have enough cash. The young woman, dressed in Amish type clothes, said, "No problem". From under the counter came out a battery powered credit card machine. Cashless is going to be the way most people use money
 

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