#tax evaders more use cryptocurrency like bitcoin lol. tax evasion is the entire point of crypto.
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I would point out the post was abt French people (and possibly fabricated? though i know the french love to do coordinated resistance to changes they hate, and that collective action works) but sure, let's focus on USAmericans for a bit:
- we still pay taxes on cash transactions (sales tax babey!) and cash income is also still recorded and taxed in most cases
- bank accounts cost money to open AND maintain; I've been so poor i couldn't keep one open before, and that's more common than you might expect
- card users and transactions are subject to more surveillance, plus a bigger paper trail also opens them up to more hacking opportunities
- if my bank account gets hacked or otherwise compromised? i'm fucked without cash until it's sorted out -- a process which can take weeks to months if I'm missing certain documents (which cost money to reorder if theyre stolen, destroyed in flood/fire/etc, or simply lost, so with no access to funds I'm MEGA fucked)
- can't pay with card during a power outage so everyone in disaster areas are fucked
- undocumented immigrants and some types of disabled people may not be able to open bank accounts so they're also fucked
- domestic abuse victims have a harder time squirreling away hidden funds to escape their situations if their account is controlled by their abuser
- card payment processors charge per transaction, giving small businesses a harder time staying afloat (i.e; either destroying their own margins or charging more because they need to absorb more of the processor cost, making them less competitive and losing customers outright)
tl;dr maybe it is USAmerican to go for cash, but it's not an exceptionalism thing this time. instead of criticizing the practice itself, the structures that make cashlessness an issue (here and elsewhere) should be criticized instead
#tax evaders more use cryptocurrency like bitcoin lol. tax evasion is the entire point of crypto.#just a side note there#economics
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