TWeaK, 1 year ago

That’s the real crux, banks charge businesses to deposit cash. They do it in such a way that there’s no way to escape their ever-increasing fee percentage.

The mattress solution is more and more appealing, imo.

Also the government heavily incentivizes electronic payments because those can’t be pocketed without paying VAT. That’s a MONUMENTAL amount of tax fraud being chipped at by the progressive disappearance of cash.

Unfortunately I think the amount of cash tax fraud that exists is far more reasonable than the amount of straight up fraudulent, yet “legitimate”, expenditure that governments allow. See, for example, covid PPP loans.