201–210 of 222 posts
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I think you may be overestimating how many bellhops and valets the average person interacts with in a year...
GP specified 15 years.
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Well, there’s the issue. I’m a middle class person who has never (in nearly 50 years) interacted with coat check, valet, bellhops, delivery runners, etc. As for grease/bribes... I’ve definitely never even considered doing such a thing. I think you live an entirely different lifestyle than us poor peons.
Tipping sustenance wage earners (bartenders, wait staff in restaurants, et c) in anything but cash in the US is also quite a dick move. Sure, cards are convenient, but you are in effect tipping 15% less for your own convenience. Additionally, most of the big food delivery apps have a history of skimming or outright stealing in-app tips, so it’s best to always tip delivery drivers in cash, too. Always tip in cash. It’…
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That's, uh, taking a cut, albeit a smaller one. You'll lose the cashback or other rewards that you would've gotten for using a credit card. Gift cards can also commonly be obtained for under face value.
Where does Coinstar's cut come from then? Wouldn't they be giving back the same amount you put in?
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A large number of banks have coin machines inside that will take unrolled coins and deposit them into your account for free. Coinstar unfortunately largely targets people that don't have bank accounts.
Pro tip: Coinstar wont take a cut if you get it as a gift card. The times I've used them I just opt for an Amazon Gift card or one for the local grocery chain that I'm already going to be spending money at.
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A lot of low level drug dealers take Venmo
Doesn't that leave an eventually incriminating paper trail?
The actual risk of selling weed is far lower than the perceived risk of selling it.
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Pro tip: Coinstar wont take a cut if you get it as a gift card. The times I've used them I just opt for an Amazon Gift card or one for the local grocery chain that I'm already going to be spending money at.
That's great for Amazon, and for people who shop at Amazon...
https://www.cnbc.com/2017/12/19/more-than-75-percent-of-us-o...
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You're going to have to give us more information than this. Sure, lots of business models "prey on poor people", but which ones of those are threatened by electronic wallets?
Lots of poor people do not have bank accounts, so there's no way they can use electronic only systems.
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Banks can't take pre-rolled coins. They have to break them and recount.
I had the opposite experience. Big Bank would not take my loose coins but happily gave me paper tubes and accepted the rolls a couple days later.
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In the past month I've received four half-dollar coins as change, which is four more than I've seen in the past decade. It seems like stores are reaching the bottom of their coin drawers; using coins they normally wouldn't.
Why don't Americans use half dollars? I think everywhere else I've travelled, someone (or a machine) giving change will optimize it to the fewest coins. £3.85 would be £2, £1, 50p, 20p, 10p, 5p. The only exception is something like a food stall that's set all their prices to multiples of €1 (I've seen this several times in Germany), they might keep plenty of €1 and €2 coins for change. If someone pays with smaller co…
There’s a phenomenal amount of double-think going on in this sentence. “While there is an adequate overall amount of coins in the economy, the slowed pace of circulation has reduced available inventories in some areas of the country.” Literally the second clause contradicts the claim of the first.
How so? The first is speaking broadly, the second refers to specific localities. Some areas face a shortage because there is an oversupply in others, with a total supply that is adequate. Were they circulating more, the concentrations would presumably level out (or so the argument reads to me).