114. Richard Turrin: "Cashless"
The Honest Drink
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Central Bank Digital Currency and Digital Payments Are the Single Most Regressive Tax in the United States
In a digital world with we chappé, all we pay central bank digital currency coming along, the concept of you having a digital presence is free. There's no cost associated. So sure, we can give it to everybody or minimal cost. What about overdraft fees? So it's not a big thing too. Like that affects kind of the poor class. Overdraft fees are the single most regressive tax in the United States and are a sad blight on the banking industry. That is frankly unforgivable in my view. And I was a banker for 18 goddamn years. Yeah, you're an investment banker. But overdraft fees are horrific. One reason why they loathe
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