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US will go cashless only if millions of Americans working in residential construction, as tipped waiters, all kinds of small business owners, contractors etc. c
by tetromino_ 4y ago
US will go cashless only if millions of Americans working in residential construction, as tipped waiters, all kinds of small business owners, contractors etc. can no longer easily cheat on taxes through using cash.
Those millions of people would stop cheating on taxes only if the IRS receives significantly more funding as well as a mandate to vastly improve its detection of suspicious financial activity and increase the number of audits.
The IRS would receive more funding and a new mandate only if (a) Republicans massively lose in Congress and then (b) Democrats decide to burn their advantage on a very unpopular measure.
Tl;dr the US will not go cash-less in the foreseeable future.