Reply to post: Re: Extinct in ten years?

50th anniversary of the ATM opens debate about mobile payments

chuckm
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Re: Extinct in ten years?

Yeah, but since the US also has state and local taxes, invisible transactions can't incur them.

Anyway the black economy needs cash so if governments try to wish it away, something else will replace it. And the black economy has existed as long as civilisation. It isn't going anywhere because those in power need is as much as or more than anyone else.

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