> We estimate an aggregate annual redistribution of $15 billion from less to more educated, poorer to richer, and high to low minority areas, widening existing disparities.
THis isn't exactly true. It probably costs nearly the same 3% to the retailer for cash handling fees (armored cars), cash security, holdup risk, and employee theft.
I accept the article's main point. I just hope we, the Taxpayers, won't have to bail out credit card debt along with student loan debt, etc.
See also: https://www.federalreserve.gov/econres/feds/files/2023007pap...
> We estimate an aggregate annual redistribution of $15 billion from less to more educated, poorer to richer, and high to low minority areas, widening existing disparities.