The worse our world runs into the digital rabbit hole, the less I participate in it. As much of my life as feasible is now transacted in cash, and I no longer even own a smart phone.
This is not progress.
14 karma · joined July 28, 2019
The worse our world runs into the digital rabbit hole, the less I participate in it. As much of my life as feasible is now transacted in cash, and I no longer even own a smart phone.
This is not progress.
In the early 2000s San Francisco found that we were paying we were paying (I think it was Wells Fargo) for the privilege of making interest off of us. We weren't making interest, but the fees were forever going up.
When we came within just a few votes of creating a bank, we miraculously got a better deal.
Considering that these big banks aren't really working in the public interest and are instead playing "too big to fail games" , any bank big enough for our business will never actually have any legal or moral incentive to act in our best interest.
Also consider the unbanked. America's banking system is the least fair in the world. Banks which use chexsystems to force poor people into the world of payday loan banking, just shouldn't have the right to federal funds, let alone local funds.