Keep Cash Alive

InsidiousCynic said
I agree wholeheartedly.

But what's the game plan here? This legislation would already be incredibly difficult to get passed. Plus, it wouldn't stop banks, credit card companies, and terminal/POS companies from pushing their products on people (both consumers and sellers), or end the inherent convenience of these technologies.

People are lazy; they carry cards and use digital terminals instead of cash for the same reason people turned to paper money rather than sacks of heavy coins. Consumers are increasingly broke; most use credit cards because they've become addicted to debt.

Legislation needs to change, and requiring the acceptance of cash would be a step in the right direction. But what good is that legal tender if no one's carrying it? I think that people also need to be educated early in life about the potential dangers of being dependent on cards. But when it comes to humans, convenience always wins out, especially with credit card ads everywhere and considering the staggering cost of living.

Now, where do I mail my $24 cash for voice4.ca premium?

There's also the issue with all of the benefits that come with credit cards, you need decent credit score to get a mortgage or car loans with lower interest rates, and the only way to do that is by utilizing your credit card frequently. On top of this credit cards reward you with cash back and other incentives.

But I agree with your statement that people will always choose convenience over everything else, people don't understand the dangers of tying all of their money up with online banking systems because it isn't taught. But it will never be taught as the people who run the banking systems are the ones funding the people in the political positions to fund the change. The main problem is it's a never ending cycle and until people realize this, it will be very hard to make meaningful change