Cashless society
Responding to proposals to ban bitcoin, a proposal to ban cash since it’s used in a whole lot of drug deals.
Of course, I’d bet such a proposal will be made seriously in my lifetime.
Remember, I do this to entertain me, not you.
Uncle Pays the Bills
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March 9th, 2014 at 6:29 pm
In *your* lifetime?
I’m a lot older than you, and I expect it to become law in MY lifetime.
March 9th, 2014 at 7:37 pm
Of course they want to ban cash, cause cash transactions are a tax ‘loophole’…..think about it Unc.
March 9th, 2014 at 9:00 pm
Well, they could sell it as “Anti-drug/Terrorism”, or to “take care of those eeeeevil tax cheats* what are ‘stealing your(our) money'”, or simply as a cost saving, “No more need to spend all the money on presses and paper and ink! More money to spend on your bread and circuses yea!”
Or the way things are going, no excuses just “No more cash. I arrest or KEEL you.”
*Unless you play for our team in which case it’s all good.
March 9th, 2014 at 9:39 pm
Bitcoin. scary because it kills PayPal’s business model.
1) Convert dollars to bitcoin 2) spend online 3) merchant converts back to dollars and pays his taxes. 4) fees are a fraction of what Paypal charges.
Of course like most things, its possible to commit a crime with bitcoin (or dollars, or baseball bats, or legos…)
March 10th, 2014 at 7:27 am
Going back close to 40 years, the evolution of the tracking points on $100 bills, and several cases for their discontinuation, used exactly this argument.
March 10th, 2014 at 10:45 am
Yep, I remember the “cocaine on a (usually $100) bill” was deemed enough for probable cause, until SOMEBODY figured out that MONEY CIRCULATES….or it’s fungible, or something.
Finding traces of cocaine on the bills in the President’s wallet (I was amazed he carried one) probably didn’t do much for the
future of the legal “interpretation”.