Chicago Politician Pushes Ban On Businesses Banning Cash

Tyler Durden's picture

In July, Visa officially entered the global 'war on cash', adding to a long list of academics, elites, and bankers urging the removal of one of the last freedoms 'for the good of the rest of us'. However, if Alderman Edward Burke has his way, that 'war on cash' will end in Chicago after he submitted an ordinance at last week's City Council meeting to ban businesses from banning cash.

According to the ordinance, "credit card giant Visa announced it is 'launching a major effort to encourage businesses to go cashless," through a campaign called the Visa Cashless Challenge offering $500,000 for 50 businesses to go cash-free.

As DNAInfo.com reports, the ordinance cites Argo Tea, SweetGreen, Epic Burger and Goddess and the Baker as Chicago businesses that have already gone cashless, but the stores themselves don't seem to have had any issues...

Xuan Tea, a shop at 1816 N. Milwaukee Ave. in Bucktown, opened in September and is credit card-only.

"It's been working out fine. Some are taken aback initially, but we haven't had any problems with it," manager Will Quanstrom said.

 

"Mostly everyone has a credit card in their pocket, even if they're just out for a jog. It's easier and it's simpler for us. We don't have to go to the bank, or count drawers out." The tea shop has a sign at the front counter that says it only takes credit cards.

Nevertheless, as DNAInfo.com notes, the ordinance, however, points out that credit card companies typically tack on a 1 percent to 3 percent fee on transactions, "a business cost typically passed on to consumers via increased pricing."

 Burke called his ordinance a "fair and equal access" issue and calls out Visa's repression of the poor and young...

"A 'no cash' sign is a 'not welcome' sign for many without ready access to credit, including those who are low- or fixed-income, homeless, undocumented, young or victims of identity theft," he said.

 

It adds that those under 18 can't apply for credit cards, making a cash ban "de facto age discrimination," while many low-income families can't even afford to open a bank account.

The ordinance would make it illegal to decline cash as payment at any business in retail sales or food and drink, under the penalty of fines starting at $1,000 and up to $2,500 a day.

*  *  *

As we noted previously, this ongoing push for a cashless society in EuropeAsia, and the Americas is about much more than just phasing out paper money - it’s about central planners solidifying control over the public’s wealth. This ongoing merger of corporate and government interests is the definition of crony capitalism. Regardless of the blatant collusion, the choices individuals make will still ultimately decide the direction for the future. Buying material goods on credit has become a lifestyle for millions, but the long-term costs of those decisions must be understood if there’s any chance for progress.

Americans have made a huge mistake by running up a staggering $1 trillion dollars in credit card debt with an average interest rate of over 16%. Thanks to the Federal Reserve system, companies like Mastercard, Discover, and American Express can issue bonds paying extremely low-interest rates to the investors while simultaneously lending that money out to credit card holders at sky high rates. Companies will always take advantage of opportunities to increase profits, but the people’s willingness to keep borrowing from them is at the core of the problem.

Access to cheap capital has been extended to the largest corporations for over a decade, but when it comes to small businesses or individuals there is a completely different set of standards. The pressure to consistently increase revenues and stock prices has led to an unnatural parasitic relationship between these companies and their customers. Cash is one of the last options that allows people a way to avoid dealing with this kind of shakedown.

More than 30% of all payments in the U.S. are still conducted in cash, but financial intermediaries that charge processing fees are joining with the State and central banks to ensure the public has no room to innovate.

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TBT or not TBT's picture

Chicago politicians and mafiosi (overlap alert!) would be hit hard by any effective ban on cash. 

Overfed's picture

Cash is anonymity. Anonymity is a key cornerstone of freedom.

VD's picture

yep, just dont tell the crypt0-idiots that.

Bes's picture

Chicago Democrat Does More to Fight the War on Cash than Trump

there fixed it for you

HopefulCynical's picture

From the depths of Shit-Congo, comes a defense of basic freedom, regardless of motivation.

Things move in mysterious ways, eh?

Ignatius's picture

"THIS NOTE IS LEGAL TENDER FOR ALL DEBTS PUBLIC AND PRIVATE"

That statement printed and found on US currency should end the discussion, but here we are...

Manthong's picture

 

Awshit…

I was perfectly content to hating that democrat schlub.

Now I am forced to like something about him.

Manthong's picture

 

Roll a Hamilton tight into a tiny straw…

Do a line of fine CIA/Afghanistan coke

Hamilton…CIA… Bank… Coke

It all jives.

Manthong's picture

 

That’s a plus for Lincolns, Washingtons, Hamiltons (Rothschild shill), Jacksons, (thank God no longer Tubmans) Grants, Benjamin’s et al….

… take your FRN scrip to a forensic scientist.. odds are there is coke dust embedded there,

Oh… oh… except for the few kilos of fentanyl in my box truck with the Mexican plates, I am totally drug –free.

 

HenryKissingerZuckerberg's picture

this is propaganda for financial inclusion, see the DAVOS meetings... all acording to the plan

Hugh_Jorgan's picture

LOL! for about .01 seconds I thought this guy was going to be an old-fashioned beacon for freedom and privacy! HA! HA! I forgot this is CHICAGO, land o' Lincoln!

So no, he is all worried about petty discrimination (just like hate crimes = "the thought police") which we all do but .GOV has seen fit to perniciously outlaw in some spheres of life. Guaranteed there's more of that to come.

BuddyEffed's picture

I'm half expecting the next amendment to our constitution to ban cash. /sarc
Look for legal appeals on this rising all the way to the top.

bonin006's picture

The key word is "DEBTS". Taken literally, if you eat a meal in a restaurant you have a debt to them until you pay, but if you want to buy something at a store you have no debt, unless they let you have something on store credit. On the other hand I read somewhere that courts (don't remember which one(s)) have ruled that the statement printed on the money doesn't actually mean what it says. 

TBT or not TBT's picture

Cash is what small businesses in Chicago have to come up with to pay for protection.   (I'm not against cash personally, just explaining why Chicago politicians would be very pro cash.  They're interdependent with Chicago gangs.)

major major major major's picture

I am thinking about only accepting cash... 

random999's picture

well.. put a semi on that.

 

Someone extracts a bill from an ATM, gives it to a cashier who deposits it again. Not very anonymous.

 

Bt yeh, if it changed hands enough times and is moved around through the country it becomes decent anonymous.

MoreFreedom's picture

Usually politicians want a cashless society so there's no underground economy not being taxed.  Of course, some politicians like to avoid paying taxes as well.   Interestingly, Burke is the longest serving alderman in Chicago, having been in office since 1969. 

https://en.wikipedia.org/wiki/Edward_M._Burke

sunshine_units's picture

Politicians forget that THEY TOO are just another tax on the system.

And I'm not talking about their salaries, either.

Raffie's picture

'Visa Cashless Challenge offering $500,000 for 50 businesses to go cash-free.'

So after the 50 get the $500k can they get that all in cash?

Implied Violins's picture

Edward Burke for president!!!

Manthong's picture

 

Gosh, he might be a prince today but go back 40 years to when he was a street cop, machine democrat,... before the political awakening, the PC adoptions and marriiage…..

There are stories there.

 

 

Dragon HAwk's picture

Which part of,      All Debts Public and Private don't the get?

BarkingCat's picture

They can demand cash if it's a prepayment, but cannot refuse cash for service or product already rendered. 

Remember the key word in that law is "debt".

Berspankme's picture

Ed Burke is a corrupt mofo but he got this one right

SixIsNinE's picture

a voice of reason & common sense coming from Chiraq !

 

color us Non-Rayzzzzzist!

dis be fo the benefit of all Coloredz!

Cash be Greenz  BitcheZZZZ!

Seasmoke's picture

Ed Burke must want his bribes and skim to continue. 

KansasCrude's picture

Reasonable response to the cash ban.  I'm ditching Visa on Nov. 1 cards cut and trashed.   Join me!  You've got a couple weeks to send your message.  Don't wimp out....yes it means you have to do something besides whine....get with it.

Arrow4Truth's picture

Good for you. Did it 10 years ago.

Stan Smith's picture

    "You still accept cash, Right?" is a phrase I use often.   It's meant in jest, but there are times I get looked at as if I have 3 heads when I ask it.   

     I will point out that Cash is King, and not taking that to heart can cause issues.     But considering the issues Cook County and Chicago have,  this has to be problem #3526651.    But whatever.    It's Chicago, what are you gonna do?

 

FoggyWorld's picture

But it's not just Chicago the banks and government are going after.  I used to joke don't buy candy bars on your credit card because soon the health system will be on the receiving end of that information.

It's just another way to control us.  Read and store all of our emails and now track every penny we spend. Even Orwell didn't think of this one.

swmnguy's picture

I usually say, "Why would I take out a loan to buy groceries?" or whatever consumable it is that I'm buying.  Or, "I can afford to pay for a haircut; I don't need to borrow money for that..."

People usually chuckle in a confused way, not having realized that when they use a card, they're taking out a loan.

sunshine_units's picture

There was a guy who worked in an insurance company underwriting department back just before Obamacare passed who said whenever he ate fast food he made sure to pay for it using cash because to leave a paper trail leading to Burger King would cause his health insurance to go through the roof.

At the time I laughed.

Now?

Not so much.

Rebelrebel7's picture

Stop using credit cards, even if you pay off your balance every month. Let them lose their good customers and get fucked over royally by people running up 50k and filing for bankruptcy for what they have done to this country!

You are not too big to fail! You are too corrupt to exist!

MasterPo's picture

In other news, 

For The First Time In Decades, A Chicago Politician Actually Attempts To Do Something For The People Of Chicago...

[Be dead by morning] 

Rebelrebel7's picture

That's harsh. They make the river green every year for St. Patrick's day.

sunshine_units's picture

What's that quote about Jason Bourne from The Bourne Identity?

"Beg, borrow, hack, tap, I don't care WHAT you do!  In a bodybag by sundown!"

Somebody get this politician some honest security, ASAP!

venturen's picture

how those electronic payments working in Puerto Rico?

Fartsnifferbuffet's picture

who has eaten more cum anderson cooper i like a cock in my ass or don lemon the down low nigger ass pirate

Northern Lights's picture

I find most businesses give me a better deal if I pay all cash.  They're happy, I'm happy.

Joe A's picture

Look at that, something good coming out of Chicago.

Krink26's picture

OMG! This is the first good idea I've heard from a politician from my hometown in decades

Grandad Grumps's picture

Eddie Burke probably has shoeboxes full of cash.

Legal Tender for all debts public and private. That should mean something.

FoggyWorld's picture

India is trying this right now and it is creating chaos - especially for the poor.   Great for banks who then can find ways to charge for even more things but it hurts people who live without the ability to have even a savings account.  How this is wonderful for Chicago beats me

jack stephan's picture

He a paid by visa, or whoever.  For the last 20 minutes, I been watching Dallas and I really want to strip and ruin Charlene Tilton, and I wrong???I typed enough tonight, but I still want my soap opera hot bimbo, i cant change that, i dont even want to change

 

I always heard your first thought is usually the best, the most pure.  My first thought is i want a charlene tilton lookalike...so there

RedDwarf's picture

Wow, never thought I'd have a reason to care or root for the actions of a Chicago politician.