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Why Are So Many People Opposed To A US $200 Bill?

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Pillar of the Community
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 Posted 07/22/2024  2:38 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list

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What's wrong with cash? It seems like a very simple way to do business to me.

Nothing is wrong with cash. Use it to tip the valet or paying the neighbor kid to mow your lawn. Using cash to pay for fuel, food, clothing and anything else over $20 seems unwise. The cash back feature of a credit card is one of our hedges against inflation.
Edited by SteveInTampa
07/22/2024 7:03 pm
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Pillar of the Community
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 Posted 07/23/2024  12:33 pm  Show Profile   Bookmark this reply Add livingwater to your friends list
Maybe it depends which bank you have. My bank has the same protections for their debit card as their credit card, no difference in reimbursement if there is fraudulent activity. But I often use cash, cash is the safest transaction, safer than a check, debit or credit card. I don't worry about a scam device on the gas pump, a restaurant waitress stealing card number, a check stolen from the mail box and the account hacked, all of which has happened to family members. A lot of stackers use cash to buy bullion silver/gold at coin stores/shows because there's a charge card fee and there's no record of their name. My wife pays cash to get her hair and nails done because they charge a card fee. Cash is king for daily in person buying and going out to eat in my opinion.
Edited by livingwater
07/23/2024 12:44 pm
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 Posted 07/23/2024  12:43 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

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I don't worry about a scam device on the gas pump, a restaurant waitress stealing card number, a check stolen from the mail box and the account number used to take money, all of which has happened to family members.
Sure, cash works until an observant person mugs you.
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 Posted 07/23/2024  12:45 pm  Show Profile   Bookmark this reply Add livingwater to your friends list
I pay cash inside. If there's a mugger they'll want cash, phone, cards, rings whatever.
Edited by livingwater
07/23/2024 12:47 pm
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 Posted 07/23/2024  12:49 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

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I pay cash inside. If there's a mugger they'll want cash, phone, cards, rings whatever.
You use all of your cash inside?

Cash is king, no fence required.
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 Posted 07/23/2024  8:12 pm  Show Profile   Bookmark this reply Add livingwater to your friends list
I use cash a lot for purchases, but if I don't have enough with me I'll use cards.
Edited by livingwater
07/23/2024 8:13 pm
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 Posted 07/23/2024  8:18 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Haven't used any cash in almost 10 years except to tip hotel employees and restaurant waiters.
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 Posted 07/23/2024  10:12 pm  Show Profile   Bookmark this reply Add livingwater to your friends list
For those who don't use cash it would be wise to keep some hidden at home for emergencies. There's been enough internet crashes, hacks, bank failures, etc to warrant having cash if electronic transactions are unavailable.
Edited by livingwater
07/23/2024 10:14 pm
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 Posted 07/24/2024  10:55 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Haven't used any cash in almost 10 years except to tip hotel employees and restaurant waiters.
Good point! I have done the same. Well, more accurately, my wife has.

She keeps cash on her just for this reason and I am always with her whenever the need arises, so it is her ongoing assigned task.
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 Posted 07/24/2024  11:00 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
For those who don't use cash it would be wise to keep some hidden at home for emergencies. There's been enough internet crashes, hacks, bank failures, etc to warrant having cash if electronic transactions are unavailable.
If that happens—Shields Up! Red Alert—I am sheltering in place, not shopping. The better advice is to already have emergency supplies at home. Bottled water, non-perishable food, power backup, self defence items, etc. It is storm season here, so this advice is common.
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 Posted 07/29/2024  12:12 pm  Show Profile   Bookmark this reply Add Morgans Dad to your friends list
Pray Tell,

Most have All They can Handle with A Hundred, Maybe for The ? No Rationale Reason...


Who " Might " Grace This Bill, ?
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 Posted 07/29/2024  12:23 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

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Who " Might " Grace This Bill, ?
LIBERTY!

That is not an endorsement of the bill, but if we are going to do something boneheaded, no need to double-down on the stupidity with more mortal worship.
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 Posted 09/08/2024  4:48 pm  Show Profile   Bookmark this reply Add goobot to your friends list
You guys might be underestimating how many use cash a bit, where I work I can end up with 2 or 3 hundred dollar bills with 2 or 3 50 dollar bills at the end of my shift
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 Posted 09/09/2024  12:01 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

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I can end up with 2 or 3 hundred dollar bills with 2 or 3 50 dollar bills at the end of my shift
Those numbers still do not indicate a need for a $200 note.
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