Re Brick & Mortar Store Goes Cashless

["Dave Farber" <dave () farber net>]

Btw when my teen age grandson had to sign some papers for summer employment
his mother realized that they never taught kids how to do cursive writing
not even how to sign their names.
---------- Forwarded message ---------
From: Brett Glass <brett () lariat net>
Date: Fri, Feb 3, 2017 at 4:14 PM
Subject: Re: [IP] Brick & Mortar Store Goes Cashless
To: <dave () farber net>


Dave, and Everyone:

Ironically, this is happening at a time when more people seem to be
using cash than ever before. In both of the businesses I operate, I
once rarely received cash, but am now receiving lots of it -- even
for relatively large payments. And this has me worried.... Not only
do I have to be more careful tracking, sorting, and accounting for
the wads of bills I am handed, but I am concerned that large
deposits of cash will attract Federal scrutiny (banks are required
to report them) or even invite attempts at "asset forfeiture" by
unscrupulous law enforcement agencies. ("You're carrying $2,000 in
cash? Nah, can't be from a legitimate business. Must be from drugs.")

I am not sure of the cause of the trend toward cash. Is it that the
latest generation of twentysomethings has not been schooled in how
to write checks or about their benefits (they have the lowest
transaction cost of any form of payment -- in some respects, even
lower than cash because they are easier to account for and
replace)? Is it a reflection of less trust in government and/or
banks (which now deal in customers' personal information in ways
that would have been totally outrageous to prior generations)? Or
is there something else going on here?

--Brett Glass



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