[ That really is what this is.
BTW, India apparently pulled 87% of their money out of circulation to “force” people to go electronic. Unfortunately their electronic infrastructure can’t handle it. Comedy ensues, unless you live there. In that case it is hell on earth. ]
A well-kept open secret: Washington is behind India’s brutal experiment of abolishing most cash
http://www.freerepublic.com/focus/f-news/3510203/posts
Are we behind this as well.....
Lets be frank, the government would love to create a world where the only work-around used to avoid taxable transactions is barter. The mere existence of cash enables people to transact enormous amounts of business the governement doesn’t know about. I’ve heard there are hotels in Greece that only accept cash, are substantially cheaper than equal quality hotels, but everybody knows they don’t claim all their income.
I always smile when I do business with a local proprietor and for some things they just pocket the money I give them. We all know what’s going on. ;)
And the government hates that.