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re: Cash is King bill passed the LA legislature today.
Posted on 4/22/24 at 4:17 pm to TeddyPadillac
Posted on 4/22/24 at 4:17 pm to TeddyPadillac
They all only want to accept cards is to slow down the theft of them pocketing the cash and/or because their employees cant count money.
1
Posted on 4/22/24 at 4:19 pm to billjamin
quote:
Is this going to increase sales enough to offset the slower sales processing time? I'd be interested in seeing any data on this and if there are actual benefits.
Who knows, which is why I used the word "if".
I do know there were a ton of complaints the first year Cajun Field went to all cash at football games. However, like someone further up pointed out, that's something that should easily be resolved in a contract between the university and whomever they outsource the concessions management to.
The fact something like this apparently NEEDED to be legislated via a bill during session seems a bit peculiar. But hey, Governor Landry gets to show he did something!
Posted on 4/22/24 at 4:20 pm to GumboPot
Easier for $$$ to go unaccounted for.
Posted on 4/22/24 at 4:21 pm to billjamin
quote:Id argue that cash sales have a slower sales processing time than card.
Is this going to increase sales enough to offset the slower sales processing time?
Posted on 4/22/24 at 4:22 pm to il2li
quote:
They all only want to accept cards is to slow down the theft of them pocketing the cash and/or because their employees cant count money.
LSU went fully cashless during COVID, which I suspect is the root of why Landry thinks this is a big issue.
Posted on 4/22/24 at 4:23 pm to GumboPot
Next law will be the Ten Commandments and In God We Trust will be required to be visible on all hot dog, hamburger and nacho wrappers.
Posted on 4/22/24 at 4:24 pm to RummelTiger
quote:
Was this honestly an issue?
Yes, credit card companies and banks have been slowly but surely updating terms of service to remove items they don't like.
It's dumb to use LSU as an example, but a cashless society has massive issues with using banks as defacto 4th amendment end arounds.
This post was edited on 4/22/24 at 4:26 pm
Posted on 4/22/24 at 4:25 pm to Jcorye1
quote:
Yes, credit card companies and banks have been slowly but surely updating terms of service to remove items they don't like.
I know the card companies and banks have been doing this, but then wouldn't the answer be for the vendor to push back and encourage more cash sales?
Posted on 4/22/24 at 4:27 pm to White Bear
quote:
Next law will be the Ten Commandments and In God We Trust will be required to be visible on all hot dog, hamburger and nacho wrappers.
Posted on 4/22/24 at 4:27 pm to ragincajun03
quote:
I know the card companies and banks have been doing this, but then wouldn't the answer be for the vendor to push back and encourage more cash sales?
LINK
Link is to the latest law in Cali that has credit card companies tracking firearm purchases. Again, he's an idiot for using LSU as an example, but a cashless society is terrifying when you consider the government already uses corporations to end around the constitution.
This post was edited on 4/22/24 at 4:30 pm
Posted on 4/22/24 at 4:29 pm to Mr Clean
quote:
Before I got sober, I used to try to stare down Jeff Landry at Anytime Fitness in New Iberia.
That wouldn’t had ended well for you
Posted on 4/22/24 at 4:29 pm to Bayou_Tiger_225
quote:
Id argue that cash sales have a slower sales processing time than card.
agreed, which is why i'd be interested in seeing if this is actually a positive or they just went normal La and passed something to make things worse but get a solid virtue signal.
Posted on 4/22/24 at 4:31 pm to GumboPot
Leave it to Louisiana to codify into law maintaining the old way of doing things.
Bet the advocates of this make noises about “small government” and “free market” too.
Bet the advocates of this make noises about “small government” and “free market” too.
Posted on 4/22/24 at 4:31 pm to GumboPot
The river center wouldn’t accept cash when I went Saturday night
Posted on 4/22/24 at 4:32 pm to billjamin
quote:
get a solid virtue signal
Primary reason above anything else.
Posted on 4/22/24 at 4:34 pm to GumboPot
Nice to see these politicians focused on the important issues
Posted on 4/22/24 at 4:36 pm to In The Know
Look at the fees you paid this year by using your dc or cc at local and even non local establishments.
Posted on 4/22/24 at 4:36 pm to GumboPot
Great. The cashless concessions is about the only thing LSU has done to make the concessions more efficient.
Who is the target for this pandering?
Who is the target for this pandering?
Posted on 4/22/24 at 4:37 pm to ragincajun03
quote:
I know the card companies and banks have been doing this, but then wouldn't the answer be for the vendor to push back and encourage more cash sales?
Yep.
That’s how the free market works.
Which everyone who supports this bill is apparently against.
Posted on 4/22/24 at 4:38 pm to Indefatigable
quote:
Who is the target for this pandering?
Older people who probably listen to Dave Ramsey and have a stadium concession cash envelope.
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