New Commitment for ShopResponsibly.org July 15, 2009
Posted by BDO in Organizational, ShopResponsibly.org.Tags: businesses, cards, cash, convince, credit, discount, incentive, petition, responsibly, shop
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The Board of Directors and I would like to get your opinion on a new proposed commitment for the ShopResponsibly.org campaign.
6. Provide a discount to those who pay with cash.
Our entire monetary system is based on banks creating debt as money. Since we are trying to convince people to stay away from debt, it seems only logical to encourage businesses to encourage shoppers to pay with cash instead of credit cards. Otherwise, shoppers have no incentive and will continue creating debt through loans and credit cards to purchase their products.
As you can see from the video, there is growing momentum to petition Congress to stop the excessive fees. But instead of finding a solution through the government, can businesses pass on the savings they incurred from accepting cash to customers as an incentive to use cash instead of credit cards?
What do you think? Should we adopt this new commitment for our ShopResponsibly.org campaign?
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Volunteer or Donate to Help Convince More People To Stay Away From Debt.
Show others how much you’ve beaten debt
for the price of one latte a year. – – Beating Debt Charts
A Kid's Guide to Managing Money (Ready-Set-Grow Series)
The next question everyone should be asking 7-Eleven is after they put all this time, manpower, money, and resources to convince Congress to make laws to decrease fees, will they pass those savings to consumers in the form of lower prices?
Probably not.
Here is a picture of one business who recognizes that credit cards raise the cost of products & services.
http://www.flickr.com/photos/mariannerichmond/3957137028/
Here is an article that talks about “swipe” fees causing higher prices. http://digg.com/d31TICq