For all debts, public and private." Not so fast! Now, increasingly, businesses are not accepting cash payments for goods or services rendered ... they only accept cell-phone-wallet or credit-card payments. Can they do this? What if one doesn't have plastic or a smart phone? Isn't this the same as "voter suppression" ... shopper suppression? I guess it depends on whose Gore is being oxed? Besides our underclasses don't shop the way that we, the privileged class, does ...
I guess I am naive, but I thought that the term "legal tender" printed on the top of our paper currency meant something ... and refusing fiat money would bring the wrath of our Treasury Department down on one. Apparently not ... we live in the cowardly new world of techno-elitists whose disdain for Luddites, like myself, is brutal and unforgiving. One has to wonder if this lax enforcement of our monetary laws has something to do with the huge political donations coming out of Wall Street and Silicone Valley?
To read all about this strange new merchant meme, please visit ... CBS News Story.
Upon reflection, there actually might be one side benefit to this unnerving new commercial custom ... and that is monetary transactions will be everywhere electronically captured. This would mean that more of the shadow economy would be forced into the sunlight ... and, because of sophisticated data mining algorithms, money laundering might get a little more difficult.
1 comment:
This is a credit to your inner core.
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