“no way would I carry that much cash”

“no way would I carry that much cash”

That was Bitey in a comment to a recent post when the comment stream turned to how much cash we might carry in or wallets or pockets.

Horton Hears a ‘Why’…FINALLY!

Consider this:

“Cashless systems can be problematic for people who currently rely on cash, who are concentrated in certain populations such as the poor, near poor, elderly,[27] undocumented immigrants, and youth.[20] Electronic transactions require a bank account and some familiarity with the payment system.[28] Many people in impoverished areas are underbanked or unbanked. In the United States, almost one-third of the population lacked the full range of basic financial services.[29] According to FDIC data, of households that earn an annual income of less than $15,000 per year, almost 25.6% do not have a bank account.[30] Nationwide, 7.7% of people in United States do not have bank accounts, with levels over 20% in some cities and rural counties, and over 40% in some census tracts.[31]”

https://en.wikipedia.org/wiki/Cashless_society

Notice how the author of this Wikipedia entry is careful to avoid identifying or characterizing the adversely effected population as primarily or disproportionately people of color.

A shift to a cashless economy would effectively exclude or shut, already marginalized black and brown people, out of the economic mainstream altogether.

I have several bank and debit cards that I use on a very limited basis.

Generally, I carry enough cash to complete my round of errands or shopping. I’m engaged in resisting the move toward cashlessness.

Cash is one of the few areas of economic leverage we commoners have left.

The dollar bill is our marketplace ballot, and just as we should do with our votes on election day, we should protect our right to retain and use cash as we choose.

In my view, going cashless is a prelude to going choiceless.

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