I think that the elitists would face a dilemma. One set of elitists wants all digitized transactions so that they can control the public and make people into slaves.
However, there is another sector of elitists that feed off of criminal activities. The drug trade is worth by some estimates to be worth just short of a half a trillion. Government agencies need drug dealers to stay in business, no mission, no margin. Many of the agents and whole sections are corrupt and they take their cut in cash. Then you have money laundering banks that take in cash. Ultimately, all this activity depends on the end user, and you can’t expect a heroin junkie to pull out a credit card to pay for his fix.
The elitists also need cash to keep the sex slave trade going.
What about bribery, big and small, you need cash for that. Election fraud, sweetheart deals, hush money, the uses are legion.
Local police departments also depend on cash- civil assets forfieture, a cut in prostitution and illegal gambling rings.
It will be interesting to see how this plays out. Evil control freaks vs corrupt greedy types.
Yep.