The war on cash has been ongoing, With Covid now an excuse
Cash means freedom.
This is a problem in the eyes of many politicians and economists. They want to know what you’re spending, with whom you are transacting, and whether you have paid the proper taxes on said transaction. Cash makes knowing what people are doing hard. Plus no cash means government can tax your savings to force you to spend it. So, in the name of Covid and “safety” why not take the opportunity to abolish the stuff?
(From CNBC)
“A cash-free Super Bowl was the main goal of our new contract,” said Mary Ann Reilly, Visa’s senior vice president of its North America marketing division. “The plan was to get to a cash-free Super Bowl within five years, and we’re doing it in less than two years.”
We wonder why Visa would be cheering on our new cashless future.
This article was originally posted here: https://www.ac2news.com/2020/11/the-war-on-cash-has-been-ongoing-with-covid-now-an-excuse/.
