Platinum Contributing Member Skidooski Posted July 16, 2020 Platinum Contributing Member Share Posted July 16, 2020 So who is in favor of this idea? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted July 16, 2020 Platinum Contributing Member Share Posted July 16, 2020 https://www.federalreserve.gov/faqs/currency_12772.htm#:~:text=5103%2C entitled "Legal tender%2C,%2C taxes%2C and dues." Is it legal for a business in the United States to refuse cash as a form of payment? Section 31 U.S.C. 5103, entitled "Legal tender," states: "United States coins and currency [including Federal reserve notes and circulating notes of Federal reserve banks and national banks] are legal tender for all debts, public charges, taxes, and dues." This statute means that all United States money as identified above is a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or services. Private businesses are free to develop their own policies on whether to accept cash unless there is a state law which says otherwise. 1 Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted July 16, 2020 Share Posted July 16, 2020 i could not tell you the last time i spent cash. everything on a credit card or paid by phone. bitches at the club can get their venmo tatted on their lower back 1 Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted July 16, 2020 Share Posted July 16, 2020 the govenment has a wet dream and that is the abilitie to track your every financial move . I will never be for this. ever totally fucked up idea. 2 Quote Link to comment Share on other sites More sharing options...
irv Posted July 16, 2020 Share Posted July 16, 2020 2 minutes ago, Ez ryder said: the government has a wet dream and that is the ability to track your every financial move . I will never be for this. ever totally fucked up idea. Never mind the small mom and pop operations, flea markets, garage sales, used sleds/toys, and a whole host of other things where cash is king. I believe there is some truth to what you are saying above? Our Moron in charge up here, Trudeau, wanted access to our finances sometime ago. https://www.ctvnews.ca/politics/privacy-commissioner-investigating-statcan-s-attempt-to-get-banking-info-1.4157136 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.