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<p>[QUOTE="treylxapi47, post: 2147153, member: 41863"]Man some folks need to get out in the real world a bit.</p><p><br /></p><p>Cash will go no where anytime soon for these very specific reasons. </p><p><br /></p><p>Illegal workers. As per the landscaper example earlier, they won't work for debit cards, they want cash and that issue is prevalent in our most basic commodities. Farming, fishing, low paying jobs, construction, etc all rely on undocumented labor to thrive. </p><p><br /></p><p>Illegal drugs. This is a biggie, no drug dealer will want to be paid by something traceable. And in case no one has been paying attention, but the war on drugs has failed. Miserably. That is a statistical fact. </p><p><br /></p><p>Tax evaders. These people exist in all levels of society. Basically anyone who deals in cash as a merchant these days does so simply to blur the lines and be able to under report their income and pay less taxes. </p><p><br /></p><p>There's also people like me who question what the government spends that money on. I don't agree that it is being used correctly and therefore I don't believe in giving them a portion of every dollar that I earn. </p><p><br /></p><p>Black market goods and services. Try paying an illegal prostitute with a debit card. </p><p><br /></p><p>Other situations occur too. I have on many occasions observed food stamps/EBT cards being sold for $.50 on the dollar. The addict wants the cash and the other party gets double their grocery money. </p><p><br /></p><p>Cash isn't going anywhere. Or the idea of a private payment system anyway.[/QUOTE]</p><p><br /></p>
[QUOTE="treylxapi47, post: 2147153, member: 41863"]Man some folks need to get out in the real world a bit. Cash will go no where anytime soon for these very specific reasons. Illegal workers. As per the landscaper example earlier, they won't work for debit cards, they want cash and that issue is prevalent in our most basic commodities. Farming, fishing, low paying jobs, construction, etc all rely on undocumented labor to thrive. Illegal drugs. This is a biggie, no drug dealer will want to be paid by something traceable. And in case no one has been paying attention, but the war on drugs has failed. Miserably. That is a statistical fact. Tax evaders. These people exist in all levels of society. Basically anyone who deals in cash as a merchant these days does so simply to blur the lines and be able to under report their income and pay less taxes. There's also people like me who question what the government spends that money on. I don't agree that it is being used correctly and therefore I don't believe in giving them a portion of every dollar that I earn. Black market goods and services. Try paying an illegal prostitute with a debit card. Other situations occur too. I have on many occasions observed food stamps/EBT cards being sold for $.50 on the dollar. The addict wants the cash and the other party gets double their grocery money. Cash isn't going anywhere. Or the idea of a private payment system anyway.[/QUOTE]
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