patrick.net

The_Deplorable says

I'll always argue this. Cash costs you 2-5% pre-taxed dollars. It's more expensive to use cash as the CC fees are built into all transactions cash or otherwise. You're literally losing money, you all know this right? If you care about privacy your best bet is to just die. Not a threat, just reality. Cash is also trackable anyway. They put the serial numbers on there for fun.

You guys are all getting taxed 2-5% and sometimes more by using cash on top of sales tax in most states. You can dislike cashless establishments, it's not doing anything. They get more sales because so few people carry cash. They have to pay to have an armored truck transport their cash. Technically it brings down the cost of goods to use credit and you get paid for using it (if responsible). Less likely to get robbed by a piece of shit. You guys should know this in the SFBA. Cost of goods go up for everyone after a register gets robbed.

We spend about $150k on the CC annually. We get about $20-30k of tax free benefits on stuff we needed to buy anyway for daily life and work. Let me know if that's stupid? Privacy is a shit argument. I could find anyone here with 1 or 2 pieces of data and your entire family. I won't, but I'm just saying all cash doesn't do anything. It's a pain in the ass to deal with.

I can just make one cash transaction, once a month with my CC payment. It's a bigger pain to go to an ATM or bank to get cash for daily expenses. If you're all cash you might be out of you're network and eat $4-8 in ATM fees to get your own money. If in an emergency I also want to have my cash when needed. The credit union thing is a pain in the ass if you travel at all. One extra layer of planning and hauling around more cash likely than you need to be safe. Just use a CC. It's way easier and you get paid.

https://slaynews.com/news/imf-chief-boasts-cbdc-could-harvest-very-useful-data-social-credit-score/

IMF Chief Boasts CBDCs Harvest ‘Very Useful Data’ for Public’s ‘Social Credit Score’

Patrick says

https://slaynews.com/news/imf-chief-boasts-cbdc-could-harvest-very-useful-data-social-credit-score/

IMF Chief Boasts CBDCs Harvest ‘Very Useful Data’ for Public’s ‘Social Credit Score’

We have been doing it for at least 40-50 years at this point now, at least. Water under the bridge. I remember going to Ace Hardware when I was 5 and them doing the carbon paper copy slider thing with the card. Late 80's.

If you have an address, car, phone, kid, doctor, insurance, school registration etc. they already have all the data they need without a CC. If you take cash out that's tracked. Cash going out the serial number is scanned and going in it is scanned. The armored trucks keep it separate by pickup. Small business the bank scans it. They know where you shop and bank.

You have no privacy. I'd rather make money going out tax free with points. The price is the same. I'm gonna be tracked the same as cash.

Nah, it's pretty damn hard to trace cash because it passes around so much.

Patrick says

Nah, it's pretty damn hard to trace cash because it passes around so much.

Look at a dollar bill. The serial number is scanned every time. Out and then in. Wookie took out $100 and then spent $100 at Target. They won't know the items, but it's traceable from beginning to end. 100%. Those 5 $20's came out of x ATM and was spent at y store.

Cash is only good if you launder it. Open a business where you only collect cash and only pay with cash. A regular citizen paying cash isn't protection. Nutt left the site, but he was delusional on the topic, so hopefully you didn't take his advice.

I'm saying that daily use of cash is effectively laundering. Most businesses don't scan serial numbers on bills.