Chicago Official Tries To Ban Businesses From Going Cashless
Edward Burke is regarded as the longest-serving aldermen in the Chicago area, and has previously been called one of the most powerful men in the city. And he has recently proposed a plan to try and ban businesses in the state from going cashless.
Many pieces have been written in the past several years about the increasing move toward a cashless society. And there are many people who fear the sort of future where cash has become obsolete as a payment option.
Burke thinks the solution rests in a new ordinance he's proposed, that would prevent restaurants and other businesses from going completely cashless.
The new rules would require those businesses to continue to allow cash to be a payment option.
Some see the refusal of businesses to accept cash as a sort of discrimination toward customers who are only paying with that method. And if they are operating in that way then they might not be accessible to everyone who wants to make a purchase. Burke says that cash should still be regarded as legal tender and he thinks that pushing for cashless transactions only is elitist and user-unfriendly.
When it comes to the freedom of any business owner, shouldn't they get to decide what they want to do with their own property; so long as they aren't harming the property of any other? And using force to try and prevent them from going cashless doesn't seem like the right solution. Or does it?
If these new rules don't get passed, and a growing number of businesses do opt for cashless methods, that will only push those paying with cash to go elsewhere and do business with those who will offer them an acceptable payment method. The businesses who refuse to operate with cash then are going to lose business.
The more payment options that there are for the consumer, the seemingly better situation they have because they have more opportunity when it comes to how they decide to pay for their items or services.
A variety of benefits for businesses have been listed when it comes to going cashless, things like decreased chance of being robbed, making less trips to the bank to deposit funds, better able to keep track of money, decrease in employee theft, and more.
Burke has said that still today cash should be considered an acceptable payment method and if this new ordinance of his gets passed, then it would require those businesses in the area who've gone cashless already to resort back to old ways and make room for cash payments again.
If this ordinance does get implemented then the cashless businesses will have to make the changes or face fines, they could possibly even end up losing their operating license if they don't respond to the required demands. The proposal for the new ordinance has recently been passed to the Committee on License and Consumer Protection for further consideration.
Pics:
pixabay
Sources:
http://chicago.cbslocal.com/2017/10/17/alderman-wants-to-discourage-cashless-businesses/
http://www.chicagotribune.com/business/columnists/reed/ct-biz-cashless-ordinance-discrimination-robert-reed-20171018-story.html
https://www.dnainfo.com/chicago/20171016/downtown/alderman-edward-burke-ed-14th-ward-cashless-society-credit-debit-cards-ban
Related Posts:
China Set To Go Cashless Before The West
https://steemit.com/money/@doitvoluntarily/china-set-to-go-cashless-before-the-west
Indian Village Receives Award For Going Cashless
https://steemit.com/news/@doitvoluntarily/indian-village-receives-award-for-going-cashless
Our village has two bakeries. Only one takes credit cards, and is very popular. Theres always a queue. The other only takes cash. It always empty.
Personally I like to pay with my Apple Watch (credit card). Those who can’t accept modern payment methods generally don’t get my business twice.
@doiyvoluntarily, very informative updates about the business wich done cashless , Chicago official try to ban it. I think the next time is only cryptocurrency time, and no one can stop it, hope for best, good luck,..
Odd, you would think they would try to ban cash instead because it's not easy to track cash transactions like digital ones.
When I was a retail store business owner some years ago, I preferred cash payments over credit cards because of the transaction fees. I can understand the convenience for the customers to pay with credit cards instead of cash, however, it does seems strange that businesses would prefer them. Personally, I don't usually use credit cards unless it's for a larger purchase (over $100), and I use cash for smaller purchases (ie at farmer's market) because I can physically see how much money I have left...I guess, I am still a bit of old school :)
It is the right of any individual to refuse service to anyone, whether anyone agrees with them or not. Laws that force people to serve are as unjust as the possible discrimination they are trying to prevent. F%$# fiat currency.
Interesting times ahead. People would rather put .25 cents on a card than pay with a quarter. 🐓🐓
Well, the trouble with this logic is, we already have a contract in play.
On every Federal Reserve Note it says "This note is legal tender. For all debts public and private.
So, those companies that want to go cashless are breaking their contract, so that is doing aggression against all Fed note holders.
when going to a store purchasing a new item isn't considered a debt though and businesses have been able to decline cash payments despite previous standing rules that seemingly meant to prevent such actions 👍
Upvoted. I'm going to resteem this now :]
thx opc!
a couple of years ago I tried to pay a $60 co-pay at a doctor's office in cash as they said I had to have the co-pay at the visit and they refused to take it wanted a credit card I told them I don't have one and I left my check book at home and had cash, if they couldn't take it they would just have to bill me. It kind of made me mad, so I waited for them to bill me twice before sending it to them.
Important content thank you for sharing