21 ms·
I grew up in poor Appalachia where there are countless poor citizens but they still struggle with bank accounts. You might be looking for a negative reason but
by xeromal 5y ago
I grew up in poor Appalachia where there are countless poor citizens but they still struggle with bank accounts. You might be looking for a negative reason but a lot of them just like having cash in hand and don't want to deal with accounts that can overdraw or be penalized in any way. It's just an old world way of thinking. My money in my pocket consequences or no.
- johnebgd 5y agoAt least the IRS won’t be doing surveillance on their transactions of $600 or more. Maybe it’s a better way to do things?
- psychometry 5y agoYou're more than welcome to keep your cash under your mattress if appeasing your own paranoia is of paramount importance in your own financial decisions. That doesn't mean it's a generally good idea, though.
- eej71 5y agoI think its perfectly reasonable to be opposed to a government's growing and seemingly insatiable need to inspect, surveil, and judge every aspect of our lives. And yes, I understand that "its just money". But ... at what point do even your feathers begin to get ruffled? And when they do - would you describe that as a paranoia?
- psychometry 5y agoHahaha, if you think that combating money laundering is beyond the scope of what government should do, you might just be an idiot. I hear Somalia is great for "freedom"; perhaps you could immigrate?