@rms Yikes. #fuckTexas “#Texas passed a law in 2021 requiring #banks underwriting the state’s municipal bond market to certify that they don’t and won’t turn away firearms clients.”

@rms Those who #boycott #banks that act against #gunControl should also boycott goods & services from #Texas.

@rms “#Visa, #Mastercard and #Discover this month also paused a plan to implement a new merchant category code for the nation’s gun retailers after political pressure from Republicans.” #gunControl

@koherecoWatchdog @rms

Personally i support this boycott. Banks should not have the right to deny clients based on the legal activities they perform.

We are required by law to use banks and simply can not operate legally as cash businesses. So as long as what you do is legal i will support any law that prevents banks from denying service based on a category of what you sell.

Even if you dislike guns this is a dangerous precedence to let banks decide what you do with your own money.

@freemo @rms What country are you in? Presumably Europe, where the EU has established that ppl have a right to a bank account. Banking is not required by law in the US; nor is it a right. Individuals & companies both have a right to purely use cash in the US if they want. Banks have a right to refuse svc to anyone. Many banks deny service to those operating legally in sex trades. #warOnCash

@koherecoWatchdog @rms

Originally from the USA, thugh thyese days I spend little time there though I do maintain a business and home in the USA.

In the USA a bank is not **directly** required by law, but it is effectively required by law as a consequence of other less direct laws.

For example, I cant legally send cash in the mail, I cant legally transport cash across borders, You cant legally pay for things in large quantities of cash without the help of a bank to show a paper trail, etc.

For all intents and purposes the other existing laws make it impossible to deal with large amounts of money without a bank account.

@freemo @rms It’s a bad risk to send cash by mail, but in the US you are free to do so. You are also free to carry cash across borders as far as the US is concerned (provided that you declare it when traveling inbound & exceeding $10k). A paper trail is not required in the US -- it’s your option. Receipts cover that option (it's not like the EU where accountants demand bank statements).