Posted on 05/11/2018 4:29:47 PM PDT by Trump20162020
Australia’s Liberal Party government has announced that it will soon be illegal to purchase anything over $10,000 AU ($7,500 US) with cash. The government says it’s, “encouraging the transition to a digital society,” and cracking down on tax evasion. But not everyone is happy with the move.
“This will be bad news for criminal gangs, terrorists and those who are just trying to cheat on their tax or get a discount for letting someone else cheat on their tax,” Treasurer Scott Morrison said in a speech announcing the government’s new budget. “It’s not clever. It’s not OK. It’s a crime.”
The ban starts on July 1, 2019 and any payment over $10,000 will have to be made by check or credit/debit card. The government will enforce the measure by allocating roughly $300 million for what it calls the Black Economy Standing Taskforce. The goal is to drum up about $3 billion in new tax revenue over the next four years.
(Excerpt) Read more at gizmodo.com ...
Coming to a country near YOU!
Once they outlaw cash then the gov’t will truly own you.
...other than, say, if a government wanted the ability to further control people.
Bingo!!!!
Bartering and cryptocurrencies may be the future.
All your money belong to us.
The government will enforce the measure by allocating roughly $300 million for what it calls the Black Economy Standing Taskforce...
“You’re the BEST...thnx...”
And the global bankers thank you Australia.
They already got their guns, now they can take everything else.
In Australia the new price of freedom is $7,501 in cash.
Here we go... This will be the absolute end of Western Democracy. Once cash goes, our freedom will be null and void.
You can bet a lot of people will go kicking and screaming and get off the financial grid.
Look at the upside of cashless. The government gets to monitor every transaction. So do the big data companies. So do the more skilled hackers. And the bankers get a few percent on everything.
Agenda 21.
(whatever that is)
I would suppose people will now make 2 payments: One for $7,499 and the second for $1.
That is the plan. However, the barter econmy will thrive and they will get no tax revenue until they figure out how to steal that as well.
[Once they outlaw cash then the gov’t will truly own you.]
Yes, I expect this to come to all countries, eventually.
They’ll get it down to $2,500. Then, $1,000. Then, $500.
Now, don’t worry, this is really a “999”. Remember how funny it was when John Belushi did it on the official news source, Saturday Night Live?
Besides, all the Bible Prophecy stuff is just junk. Don’t believe it.
Now, will that be forehead or right hand?
They truly own us now.
““This will be bad news for criminal gangs, terrorists and those who are just trying to cheat on their tax”
I’m sure they’re shaking in their boots. Now drug dealers will have to find a way to accept debit cards.
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