Austrian Minister Calls for a Constitutional Right to Pay in Cash
A few reasons why banning cash is a bad idea:<p>1) When you get into financial trouble and are unemployable for some reason, there is no way for you to earn something on the side so you can feed your family and pay the bills.<p>You can only submit to social services. There was one case in Germany where social services threatened a women to cut off the payments if she didn&#x27;t take a job as waitress in a brothel. This is an extreme example, but you get the idea why it is a always a bad idea to be dependant on some bureaucrat.<p>2) The only ways to earn money or trade is to take a job or create a business. As it happens the government controls what types of jobs and businesses are allowed. This is also bad for businesses as not every startup is being run from the very beginning like a serious business following all regulations. Often it is a side business that develops into something bigger.<p>3) A group of politicians decides to run a media campaign to demonise a certain profession or type of business. You can now expect that you get a special XX% tax or loose your money because how could you dare to be successful.<p>4) I imagine it is very nice for power hungry officials to know about every payment made and received by every citizen. Did you ever buy something (of course legal) that you wouldn&#x27;t like everyone to know about? Well if you do something they don&#x27;t like this might end up in the public.<p>5) it gets very hard to invest money in a way that prevents you from being taxed arbitrarily by the government. (for example haircuts) Even if you bought physical gold the government would know about this and demand you to give them a share.