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A comment on Israel bans use of cash for purchases larger than NIS 6k (~1700 USD/EUR).

Re:Israel bans use of cash for purchases larger than NIS 6k ... by sschueller on Friday July 29, 2022 @04:59PM (#32281707)
That's less than 2 bills here (Switzerland) . Absolutely insane. Why even print cash at that point?

I doubt this brings in any more money in taxes and I would bet it's so small of an amount compared to the legal tax loopholes which the "big guys" use that it only hurts the general public than solve their tax issues.

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Re:Israel bans use of cash for purchases larger than NIS 6k ... by 42e6e8c8-f7b8-4 on Saturday July 30, 2022 @04:59AM (#32285351)
>"Why even print cash at that point?"

That is the point. The governments of the world hate any privacy you have. They're just turning the screws until they can get rid of cash.

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Re:Israel bans use of cash for purchases larger than NIS 6k ... by _-david-_ on Friday July 29, 2022 @06:28PM (#32282466)
It is not about taxes. It is about surveillance. If you don't use physical cash they can more easily track you.
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Re:Israel bans use of cash for purchases larger than NIS 6k ... by hoffs on Friday July 29, 2022 @08:40PM (#32283245)
It is about taxes and shadow economies, not about more tracking.
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Re:Israel bans use of cash for purchases larger than NIS 6k ... by AussieWog93 on Friday July 29, 2022 @06:31PM (#32282488)
You have >€850 bills in Switzerland!?
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Re:Israel bans use of cash for purchases larger than NIS 6k ... by JumpCrisscross on Friday July 29, 2022 @07:27PM (#32282842)
> you have >€850 bills in Switzerland!?

Yes, the 1’000 Fr. note [1].

[1] https://en.m.wikipedia.org/wiki/Banknotes_of_the_Swiss_franc

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