It's clear that cash is going to disappear, it's only saved by 50+ year old people that refuse, on average, to stop using it, which means we have at best 30 yea

It's clear that cash is going to disappear, it's only saved by 50+ year old people that refuse, on average, to stop using it, which means we have at best 30 years left of shrinking financial freedom. Cashless society with perfect surveillance is going to mean confiscatory taxes and behavior control on a level never thought possible in the Western world. Some countries like Italy already have a much smaller limit in place - €1000 max [1] It's going to mean currently "absurd" and "extreme left" ideas like maximum wealth cap. The idea that "no person should have more than $10M" would be easy to sell even today in most countries, the only reason it doesn't happen is because it's impossible to enforce - such a country today would only see an enormous capital outflow and rise in cash deals. With nearly perfect global surveillance, which is already in an advanced stage of construction - FATCA, CRS/AEOI, ban on bearer shares - escaping with capital would be impossible. Either the next or the previous stage would be of course maximum income - eg. "no person deserves to earn more than $150k a year". After that, individual limits on "productive" and "not productive" spending are going to appear, amounting to another form of taxes - an individual annual limit of eg. $1000 per year on video games, $1000 for "unhealthy" soda drinks. An illegal barter market would emerge, fought in the same way drug trading is fought now. The inevitable end of this system is a tiny global elite class of bureaucrats, not "legally" owning any significant wealth but controlling enormous amounts of it (Putin and Chinese Party style), and billions of serfs for whom it's illegal to even try to get wealthy. A return of aristocracy in all but name - with serfs better fed and healthier, but with less personal freedom than even Russian peasants under tsar. Cryptocurrencies with anonymity, getting too big to squash before that happens, are the only hope left. [1] https://www.italy-uk-law.com/new-restrictions-on-the-use-of-cash-in-italy/ https://www.italy-uk-law.com/new-restrictions-on-the-use-of-...