Can’t have all those people with money hidden at home. Got to get it into a bank account so it will be easier to tax and seize.
yep how long before those accounts become mandatory?
It's easy to give everyone a bank account. But you cannot force anyone to keep money there - unless cash is eliminated altogether. That would be a worthy goal for a police state, because then everyone's finances will be open for review by the government. Today, with cash as an option, the credit card bill reveals only those transactions that the user chooses to reveal by paying with the card. It's anyone's guess what the user bought with cash. This partial visibility into spending makes the whole database of purchases nearly worthless.