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Started By
Message
re: Legality of Banning Cash Payments
Posted on 8/4/26 at 8:02 pm to TheMagicMan
Posted on 8/4/26 at 8:02 pm to TheMagicMan
The only entities that should be required to accept cash are government agencies.
0
Posted on 8/4/26 at 8:10 pm to TheMagicMan
Too easy for employees to steal cash.
Posted on 8/4/26 at 8:17 pm to TheMagicMan
Only poors use cash.
Posted on 8/4/26 at 8:37 pm to Bullfrog
quote:
LEGAL TENDER FOR ALL DEBTS PUBLIC AND PRIVATE.
FYI this does not mean what I think you think it means.
When you make a new purchase, it is not a "debt".
Posted on 8/4/26 at 8:39 pm to Randall Savauge
quote:
Legal tender is required to be accepted for a debt. Purchasing something is not a debt. Therefore, they can reject cash if they want.
You beat me to this (I should have read the whole thread); you are exactly correct. Precision of language is important.
Posted on 8/4/26 at 8:57 pm to TheMagicMan
quote:
I bring this up because I just scheduled a doctors appointment, and even while scheduling, they bring up that cash payments are not accepted.
I know why they are doing it (a cashless society destroyed anonymity and lets them know pretty much everything about you and is just another way of tracking you)
You think your local doctor is doing it because he wants to destroy your anonymity and allow you to be tracked?
It could be that it's far easier for him to have financial tracking without any manual inputs for cash payments and reduces the administrative function or cost burden of cash deposits.
Posted on 8/4/26 at 9:04 pm to TheMagicMan
quote:Can't imagine that the government would be able to dictate businesses must accept a particular currency. Now, if the government itself (e.g., DMV, IRS) were to mandate non-cash payments, that could present an issue.
Is it not legally required anymore that businesses have to accept cash as legal tender?
If someone wants to open a bodega in Bogalusa and only accept yen or pesos, why should the government even care?
Posted on 8/4/26 at 9:16 pm to TheMagicMan
I buy ammo, drugs and sex toys with cash.
Posted on 8/4/26 at 9:17 pm to Obtuse1
A debt is an obligation. Not the narrow view as a legal contract to borrow and repay in the future.
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