Reply #33: If they go to an entirely cashless society, our economy will collapse [View All]

[MadHound]

A large chunk of our economy is based in the national black market. Drugs, paying workers under the table, antique and collectable dealers, on and on the list goes. All of this is funded by nameless, traceless cash. In fact this black market sector is worth one trillion dollars annually. Yank the rug on that, and our whole economy will fall. Not to mention that all of those folks in all of those alphabet agencies in the government simply couldn't operate in a cashless society.

No, I think that we'll continue to have cash for the forseeable future.