Posted on 12/26/2017 4:54:24 PM PST by artichokegrower
The other day at Dig Inn, a just-opened lunch spot on Broadway and 38th Street in Midtown Manhattan, Shania Bryant committed a customer faux pas. She placed her order for chicken and brown rice and yams, and when she got to the register, she held out a $50 bill.
“Sorry,” the cashier told her. “We don’t take cash.” Not, “We don’t take $50s.” No cash. Period.
(Excerpt) Read more at sfgate.com ...
Should be interesting to see the law suits. Legal tender I believe is required to be accepted
It follows that a public establishment, by prohibiting Federally issued cash as payment for debt, and only accepting credit cards, is effectively requiring me to have a credit card. With this new power,they could just as easily prohibit credit cards and demand payment in used tires.
The value of cash is easily graded by looking at Puerto Rico after the last hurricane. No power, no money, except cash.
The time approaches when we will live as “permitted” by those we never know nor see. Those who, when soaked in their power,will assume great knowledge.
They will think as a benevolent while squeezing your spirit to submission.
I do have a pile of used tires.
Begood
Ross
I believe the courts will decide this matter
I’m a millennial but I never bother with anything but cash. My friends tease me plenty about it and while I have yet to come across a business that doesn’t accept my cash we have come across several that won’t take their cards.
Guess who they have to hit up to cover for them?
The first thing they flew into Puerto Rico after the hurricane was planeloads of cash for just that reason...
Not legal.
They’ll do this until somebody sues them. “Cash” is “legal tender for all debts, public and private”. Not accepting cash is directly violating federal law.
>Not accepting cash is directly violating federal law.
The courts don’t see it that way.
I believe the courts already have.
Actually, it means exactly that. The customer has incurred a debt. If the business refuses to accept the customers cash, they are either cancelling the debt (customer gets meal free), or they violate federal law.
“Guess who they have to hit up to cover for them?”
I know! Me too - many times!
Just send one of the neighborhood kids to make your purchase.
If you have received goods, you have incurred a debt. The merchant has only two choices....he can cancel the debt, or he can take the cash.
You most definitely "can" pay for your new car with pennies. It has been done at least once that I am aware of, and probably more.
It is illegal for a business not to accept cash, they have no choice.
Some companies charge a fee to pay by cash or check now. Online debit payments are becoming more popular.
That is for “post-transaction”...if the merchant notifies in advance they can refuse cash:
https://www.treasury.gov/resource-center/faqs/Currency/Pages/legal-tender.aspx
(And thread post #50 & #72).
You could buy a new car with US Mint Silver Eagles. The problem is although they are stamped with a value of one dollar currently they are each worth around $18. The car would have to be purchased on a week day when the current spot value of silver could be determined. The big problem arises is that there is capital gains tax to be paid on the increased value of the Eagles since their time of purchase. You would have to account for the purchase time and price of each coin and pay a 28% tax on any gain in value. Takes the fun out of it.
They have said that businesses can limit the amount of coinage. Am unaware of any other cases
Or ask Puerto Ricans ... the Fed had to ship boxes of money into the “state” or the economy would have completely collapsed .... think about that for a minute!
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