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[–] midnightblue1335 0 points 2 points (+2|-0) ago 

That's just fancy talk for "drug deals".

Playing Devil's advocate here- how would you reply to that?

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[–] DukeofAnarchy 0 points 13 points (+13|-0) ago 

I would reply, "That's the point!"

Cash allows people to ignore the state. This makes it harder for the government to impose its will against the will of the people. The right to bear arms and defend yourself against crime (rather than being totally dependent on the police) does the same thing. So does the ability to communicate privately. Everything that characterizes a free society empowers the people to defy the government. That's the point!

Governments in general will be as tyrannical as they can get away with. Government monitoring and control of all transactions in the economy (which is the goal of the cashless society) means absolute, grinding despotism.

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[–] Hydrocephalus 0 points 5 points (+5|-0) ago 

It's also fancy talk for yard sales. Payment companies take a percentage of every sale, that's why there are still a fair amount of small businesses that are cash only.

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[–] RoBatten 0 points 1 points (+1|-0) ago 

Payment companies and credit card companies both take their cut. Visa alone had 520 different fees last time I checked. Many are a percentage of a cent, but some are more. I'm paying about $105 per month average to the processing company, and that's low. Use what they call "interchange pass through." That way the processor can't add on fees tied to Visa's fees. They just work off a percentage and a 10 cent swipe fee. That's how my cost is so low.

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[–] cmor88 0 points 3 points (+3|-0) ago 

Hurr durr I don't value privacy and neither should you.

Thats like asking a gun owner why he needs a particular firearm.