It’s not just a theory that circulates in various circles on the Internet. There is a desire on the part of national governments to eliminate cash, or at least reduce the amount in circulation. Currencies have a characteristic that runs counter to the desires of government: anonymity. We you buy something at a store or from a neighbor and pay in cash, there’s no record to trace that transaction unless there is some document completed and filed.
Countries will give all sorts of reasons for abolishing cash, and many make sense, at least on the surface. Cash can be lost or stolen. It can be used to facilitate illegal transactions such as the sale of drugs. It also enables the “underground” economy to function whereby people exchange their labor for cash payments that are never reported, and hence not subject to income tax. People can run businesses on a “cash-only” basis and accomplish the same thing. It is argued that this underground economy unfairly shifts the burden for paying taxes to law-abiding citizens and rewards the so-called tax-cheaters.
Would the US government intervene in another nation’s financial affairs to promote the abolition of cash? See page two.
EVIL
Eric L Runyon – what in the hell are you talking about? Did you even read the post? Just out of curiosity, what is the justification, logic, reasoning, and/or rationale you would present in support of your response? Did you bother to read any of the publications referenced? Two of them were written by your apparent hero, your “great leader”, barack obama himself. I suspect you haven’t read a damn thing because your response appears to be that of the typical, shallow, empty-headed liberal who, in the absense of substance, resorts to insults, sarcasism, denial, and/or name calling. Perhaps you should pull your head out of your$#%&!@* grow a spine, open your eyes and ears to see just what the hell is going on in this country today.
MARK OF THE BEAST
Hater in chief racist.
WAKE UP WORLD AND PUT A TEAM TOGETHER TO DO WHAT MUST BE DONE!!!!!
He will not control us we will fight with every man women and child time you get the hell out of dodge
get your socialist$#%&!@*out of here
Trump needs to stop this BS.
Sickening! Government wants control of the people and if they can’t turn us all into sheep they will make us pay! God has a better plan. I pray all start believing!
No cash? Guess we’ll return to the barter system.