The State of Florida wants to Protect Cash for an Inclusive Economy

Stores throughout Florida have many options when it comes to getting paid, from cash, credit, debit and digital transfers of funds to any combination of those forms of payment or others. In recent years, however, a growing number of businesses are forgoing cash — a trend that’s only accelerated during the pandemic.

While that arrangement works for people with the benefit of having numerous payment options, it excludes some of Florida’s less well-to-do residents, said Democratic state Rep. Matt Willhite of Wellington.

“A cashless economy is not an inclusive economy,” he said. “Getting a credit or debit card often requires money to deposit or financial history. Excluding people from paying with cash essentially blocks low-income people, homeless people and so many others from participating in the economy in the first place.”

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The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.

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