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re: Spinoff: When do you think we will do away with hard/paper currency in the US?
Posted on 4/18/16 at 1:01 pm to fr33manator
Posted on 4/18/16 at 1:01 pm to fr33manator
quote:
That's retarded. Large bills are used to purchase high dollar things. If anything 20s are probably the most commonly used currency for illegal stuff
Perhaps I should rephrase - large bills are where you start upsetting the least amount of people and you'll see the tipping point the soonest.
I've got no problem with someone who argues for the convenience of having $100 bills, but you cannot ignore that there are many people who prefer cash payments for the tax evasion just as much as they do the convenience.
Eliminate $100 bills and all of a sudden the 45% of households who do not pay taxes would be a bit lower.
Posted on 4/18/16 at 1:03 pm to slackster
quote:
Eliminate $100 bills and all of a sudden the 45% of households who do not pay taxes would be a bit lower.
They'll just use different denominations.
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