Post
Topic
Board Economics
Re: New York City Stores Must Accept Cash Council Says
by
exstasie
on 28/01/2020, 09:00:55 UTC
Cashless societies being progressive leftist movements. It is curious to see one of the most progressive and left leaning states in the entire USA adopt policies which buck the trend. Ditto with leftist progressive california mirroring these anti cashless society paradigms.

We Americans love our cash. It gets pretty weird:

Quote
More than one in four Americans--27%--reports they hide their money in the freezer.  19% of residents “sock” their green away while 11% sleep well at night with their cash stuffed under their mattress.

Cash culture aside, it's not surprising to see places like SF and NYC enacting cashless bans. There is a progressive angle: the argument is these businesses discriminate against the unbanked/underbanked, which disproportionately affects the poor, communities of color, immigrants, etc.