Tuesday, May 26, 2015

Kansas's shocking new law will take poor people’s money and give it to big banks

Updated by Dylan Matthews on May 22, 2015, 10:10 a.m. ET

Kansas Republicans have put forward a new policy initiative that's almost shocking in its clear intent to harm the interests of poor people. The provision, which takes effect July 1, will ban welfare recipients from taking out more than $25 in benefits a day from an ATM.

Other broadly similar benefits-restriction measures — things like laws that require drug testing for welfare or food stamp recipients, for example, or that ban food stamp recipients from buying seafood or steak — normally have at least a veneer of an anti-fraud or public health rationale. But the ATM rule is simply a financial hardship and a logistical hassle that can't possibly help anyone other than banks collecting the fees.

No comments: