War on Cash Heats Up: Government Trying to Limit Cash Transactions (dailyreckoning.com.au)
January 31, 2020
Samuel Lawrie
Cash is not a crime.
Yet we have a government in power that is pushing that very agenda – to limit cash transactions.
There is legalisation before parliament to prohibit cash transactions over $10,000 to people with an Australian Business Number (ABN).
That is, if you run a business you can’t receive a cash payment for goods and services over that amount.
Any payment above 10 grand needs to come from a bank or other type of financial institution.
The government says this is crack down on the ‘black economy’…
That it will be good for us.
So the nasty criminals can’t dodge their obligations.
And that anyone against it is a conspiracy theorist.
The problem is, it is effectively banning cash…
By Shae Russell
Read Full Article
Yet we have a government in power that is pushing that very agenda – to limit cash transactions.
There is legalisation before parliament to prohibit cash transactions over $10,000 to people with an Australian Business Number (ABN).
That is, if you run a business you can’t receive a cash payment for goods and services over that amount.
Any payment above 10 grand needs to come from a bank or other type of financial institution.
The government says this is crack down on the ‘black economy’…
That it will be good for us.
So the nasty criminals can’t dodge their obligations.
And that anyone against it is a conspiracy theorist.
The problem is, it is effectively banning cash…
By Shae Russell
Read Full Article
