When they rob you of paper money, they get what is in your wallet.
When they rob you of electronic money, they get all that you have in your accounts.
Absolutely, and the revival of the 401-K IRA confiscation in “trade” for a “guarenteed” rate of return of 3% is still out there. Notable Cong. Miller socialist from CA is leaving finally— having laid the dirty work and his own venture socialist/communist seizures in place.
The answer will have to be other than discourse that is civil.
All money is electronic blips on a computer ledger. The paper is merely a tangible representation of the entry on the computer ledger. Even if we revert to a gold standard and we will, the electronic entries will be tied to gold ledger entries.
It is now easier and quicker to transfer from one ledger to another via the internet/wireless network than to insert cumbersome and completely unnecessary paper. Paper includes both cash and checks and letters of credit. All are paper representations of entries on an electronic ledger.