[Lovely-Day-For-A-Guinness]

A spectacular portion of the economy is in cash and untaxed. Yard sales, cash car sales, private gun sales, drug sales and personal services ranging from leaf raking to blow jobs are either untaxed or under-reported.

I don't think the a-holes have any clue what would happen to the economy if cash was eliminated.

The number of people conducting business in cash is a large segment of the economy, and if cash is removed, there will be a massive wave of people joining the welfare roles in the US once their cash-based livelihood is gone.

[mrsmel]

That will be a feature, not a bug-having everyone dependent upon government, and being able to control people by deciding if they eat or not. People who reject the system will be few and far between-how many people even have the practical knowledge to enable them to reject the system? And no one manages to completely opt out, from the day we’re born we’re enrolled in the system, no matter if we drop out later in life. But the vast majority blithely (blindly) go along anyway.

[mrsmel]

Just consider-even if you “own” a home or property, you don’t really, truly outright own it-if you don’t pay the various government taxes and fees, you will lose it.

[Arthur Wildfire! March]

‘The number of people conducting business in cash is a large segment of the economy...’

Good point. I guessed from the get-go that the underground economy would thrive under Obama.

If we suddenly end off-the-grid transactions, our economy would plummet, especially for working-class holdouts who refuse to get on government aid.