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EconomyOctober 04, 2023
Los Angeles Becomes One Step Closer To Banning Stores From Going Cashless
Los Angeles is often the home to socialist policies and making you do things against your will. This has included forcing people to get the COVID-19 vaccine, allowing drug addicts to camp out on other people's porches, zero cash bail, and so much more.
But this time, they did something under the guise of wokeness that may actually be a good thing.
The Los Angeles City Council voted Tuesday to direct city staff to prepare a policy that would ban cashless retail businesses.
Although the reasoning is pretty dumb, you know because it will solve the ‘equity’ problem or whatever.
"Others may not be able to participate in the formal banking system, or may be excluded from that system against their will. ... barring the use of cash as a payment method means excluding too many people," the motion reads.
According to NBC, the goal here is to create more’ inclusion,’ because it apparently will allow low-income individuals “denied access to credit cards to unhoused or older people – to participate in the city’s economy and shop where they want.”
NBC says that according to a 2017 report from the Federal Deposit Insurance Corporation, 17% of all Black American households and 14% of Latino households had no bank account.
Again, the reasoning that this will probably fix racism is pretty dumb. But whatever, I will take it.
"The city must remain vigilant in ensuring that our economy is inclusionary and accessible to everyone," the motion reads. "In order to ensure that all city residents -- including those who lack access to other forms of payment -- are able to participate in the city's economic life we should adopt an ordinance that allows them to pay cash for goods and many services."
The city will work to prepare a plan similar to San Francisco, which began requiring all stores to accept cash in 2019. If businesses still refused, they could be hit with a fine.
Ironically, this move comes after the recent announcement from the Group of 20 leaders that they have agreed to a plan to eventually impose digital currencies and IDs on their respective populations, despite fears that governments will use them to monitor their people's spending.
Australia's fifth-largest bank also announced it will scrap cash transactions in all its branches.
Any push against a cashless society is probably a good one.
Similar bans already exist in other parts of the country, including Philadelphia and New York.
When governments push for a cashless society, it is essentially bureaucratic control because every dollar technically has a unique fingerprint. And all transactions are to be traced.
But when businesses do it on their own, then the government won't even have to try and gaslight everyone that it is all for your own good. Private institutions will just do all the dirty work.
Whether or not this solves racism or the equity issue progressives are so obsessed with, at least it is one step backward for the tyrannical push of a cashless society.
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