I’m not sure that has to do with privacy and more like “help us avoid paying income taxes.” No one denies that cash is completely anonymous, but that’s not the intent here. This is coming from a huge advocate for privacy, but to me this is a stretch.
More like 65%, taxes has become slavery. If you are intelligent you can avoid most of it, the ignorant end up paying most of it.
The small restaurant I work in racked up at 16k in credit card fees in months. We’ve had to start applying the 3% fee to credit card sales.
Or just raise your prices instead of hitting customers with surprise fees. I own a small business. The vast majority of our revenue is from credit cards. We don’t pass those fees into customers, we just raise our prices as needed.
Medium sized business owner here. We pay a lot more for the handling of cash than for cashless.
According to my friendly neighbourhood corner shop owner they pay 3% on card transactions, unless it’s over a certain amount and then they pay a flat rate.
But he’s not sure what that amount is because as a tiny corner shop they basically never hit it.
Perhaps you’d pay a flat rate if you were paying for a PS5 or something in that price range, I’m not sure.
This is because the system hates cash and has erected all types barriers and inefficiencies when handling cash.
You should look into Monero, it is like cash but digital. No more worrying about your payment processor cutting you off because of you political views.
Credit cards transaction may only cost a few percent, but the cost to business can be significantly higher. For example visa forces you to no require a minimum for credit cards, and they charge a base fee regardless. Also if a customer issues a dispute, the business may have to pay the dispute fee, regardless of the outcome of the dispute. Louis Rosmann as quite a few good videos on this topic, eg: https://www.youtube.com/watch?v=6an5ZP4Vnzg
They are trying to make people aware that technocratic communists are trying to ban cash, obviously.
You are, that is why I am making you aware that technocratic communists want to control your life.
