Cashless society, forced banking, and the War on Cash

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In many regions people are being forced patronize banks. This community is for that discussion regardless of which side of the war on cash you are on.

The war on cash is war on privacy.

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Netherlands plans to ban cash payments over €3,000 (business.gov.nl)

submitted 7 months ago* (last edited 7 months ago) by [email protected] to c/[email protected]

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from the article:

They are not allowed to avoid this amount by making several smaller payments in banknotes.

What does that mean for salaries? Every salary payment can be seen as a part of an annual income. I would demand more frequent pay days just to get some freedom back -- to be free from forced banking. Of course I would say the paychecks are not part of a whole payment but each are a whole payment for a specific amount of labor rendered.

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[–] FireRetardant 2 points 7 months ago

By cash i think they mean physcial money. You could still pay for a $5000 purchase with your debit/credit, just not in physical cash. As for your paychecks question, the vast majority of people get paid via a cheque or direct deposits. Very few people are getting paid out in physical cash and the ones that are probably make less than $3000 a pay period and may already be breaking other finnancial laws.

[–] Zachariah 0 points 7 months ago

If you’re paid hourly, I doubt you’ll ever go over €3,000 per hour.