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You think they aren't itching to ban cash too?
by bondarchuk 5y ago
You think they aren't itching to ban cash too?
- donkarma 5y agoyeah, cashless society is a terrifying phrase
- b112 5y agoIn a sense, time will. In Canada, they withdrew the 500, 100 bills. This was 40 years ago, approx. Now, the biggest bill, the 100, is more like a 20 was back then. Eventually, the 100 will be like a 5, then 1, and so on. One day, you'll need a wheelbarrow of 100s, to pay your rent with cash, for example. In this way, all transactions will slowly shift to electronic, and trackable. The same is true of cash deposits, in Canada. Decades ago, a law was passed, and anything suspicious, or over 10k deposited, in cash, must be reported. 10k was a lot back then, when you could buy a house for less than 50k. Now isn't really. Which means that over time, more and more cash users get tracked, and reported, by default.