I've noticed recently more of the food truck or farmers' market type businesses aren't officially cashless, which is illegal in California AFAIU. They just don't have change for a $20.
It's a real problem that some people cannot afford the fees on a bank account, but I would prefer that we find some way to provide everyone with minimum banking services. Like a no-fee government-provided debit card.
I know, the government doing things is bad, but Wells Fargo, Citibank, etc are so heavily regulated, they are essentially a wing of the government now anyway. Maybe in exchange for being "too big to fail" they could be required to provide all American citizens with a standard, transferrable, no-fee debit accounts.
It's a real problem that some people cannot afford the fees on a bank account, but I would prefer that we find some way to provide everyone with minimum banking services. Like a no-fee government-provided debit card.
I know, the government doing things is bad, but Wells Fargo, Citibank, etc are so heavily regulated, they are essentially a wing of the government now anyway. Maybe in exchange for being "too big to fail" they could be required to provide all American citizens with a standard, transferrable, no-fee debit accounts.