Cash is for criminals: Why we should scrap big notes

Re:Cash is for criminals: Why we should scrap big notes by devoply on Monday November 28, 2016 @11:45PM (#13060869)

It's already like this. They just want more. Because you really can't have enough control. You want 5,000 in cash? Well let us just report you to a government agency that will monitor you for the next little while to make sure you're not doing anything nefarious. Each time I visit A&W and then quit, they send me coupons to get me back. Same thing with the liquor shop and I drink a single Crabbies every month.

[ Parent | on HN ]

Re:Cash is for criminals: Why we should scrap big notes by jimmywanger on Tuesday November 29, 2016 @12:54AM (#13061159)

You're missing the point entirely.

> You want 5,000 in cash? Well let us just report you to a government agency that will monitor you for the next little while to make sure you're not doing anything nefarious.

Bullshit. You can easily change/withdraw money in casinos to your heart's content, up to either 6k or 10k dollars PER transaction, if you remove more than that, paperwork gets involved

> Each time I visit A&W and then quit, they send me coupons to get me back. Same thing with the liquor shop and I drink a single Crabbies every month.

Yes, do you pay with cash or credit card, and do you use a rewards card? If you pay with credit card or use a rewards card, that's exactly what you're complaining about. I pay in cash for most minor transactions like that, without a rewards card, and nothing of the sort has happened to me. How would it? They have no information about me.

If you're voluntarily using a credit card or rewards programs to save a few bucks or build up airplane miles, yeah you kinda made the trade off.

A cashless society legislates the tradeoff for you.

[ Parent | on HN ]