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That works fine until people sleepwalk into cashless society and then someone from the government will think you are undesirable and delete your assets.
by merinowool 8y ago
That works fine until people sleepwalk into cashless society and then someone from the government will think you are undesirable and delete your assets.
- usrusr 8y agoI do all my day to day in-person payments in cash, yet all my assets would be just as vulnerable to that kind of attack as those of a completely cashless person.
- greenshackle2 8y agoDo you suggest we keep savings in cash and physical bonds, stock certificates and gold ingots under the mattress? I pay cash often but even so I very rarely have more than $1000 in cash at any given time.
- crysin 8y agoWhich is smart because at least in the US there's a large portion of the country where police can use civil forfeiture to take your money, even if you are not guilty of any crime.
- merinowool 8y agoNot necessarily under the mattress but it is smart to diversify your liquid assets location
- anoncoward111 8y agoLook, I really despise the government too, but... ... FDR confiscated the gold lol. If they want something of yours, they will take it. https://en.wikipedia.org/wiki/Executive_Order_6102 https://en.wikipedia.org/wiki/Executive_Order_6102
- closeparen 8y agoWhen cash was used for most retail transactions, you were still going to have a couple thousand on hand at most. That won’t last long. It’s the payroll side, not the POS side, where that matters.