I hate to see us evolve to a cashless economy. Among other things you completely lose privacy. There will be a paper trail of all your spending if cash is done away with.
I understand the need to fight money laundering and criminal activity. The criminal element deals in cash . but do we have to throw the baby out with the bath water ? Do we really want NSA types having a complete financial statement on all of us?
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A very high percentage of restaurants in Germany only take cash.
The government wants complete control of all transactions. It has no right to do so. With that control they will know where the money goes and be able to tax it.
When has public opinion ever stopped EU Statists or German führers - especially when the financial system and the survival of governments and ideologies is involved?
I opposed unsecured credit.