TWeaK
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TWeaK@lemm.eeto memes@lemmy.world•Japan is living in the future that the 1990s dreamed of.English1·2 years agoThat’s the real crux, banks charge businesses to deposit cash. They do it in such a way that there’s no way to escape their ever-increasing fee percentage.
The mattress solution is more and more appealing, imo.
Also the government heavily incentivizes electronic payments because those can’t be pocketed without paying VAT. That’s a MONUMENTAL amount of tax fraud being chipped at by the progressive disappearance of cash.
Unfortunately I think the amount of cash tax fraud that exists is far more reasonable than the amount of straight up fraudulent, yet “legitimate”, expenditure that governments allow. See, for example, covid PPP loans.
TWeaK@lemm.eeto memes@lemmy.world•Japan is living in the future that the 1990s dreamed of.English1·2 years agoCash is king, we shouldn’t be paying MasterCard and VISA for every purchase we make.
Case in point: when the UK left the EU, MC and VISA immediately increased their transaction fees from 0.3% to 1.5%.
They should pay us to take away our garbage.
It baffles me that Trump thinks it’s a good idea to mess with the school that most lawyers come from.