this post was submitted on 23 Jul 2024
1 points (100.0% liked)

Cashless society, forced banking, and the War on Cash

64 readers
2 users here now

In many regions people are being forced patronize banks. This community is for that discussion regardless of which side of the war on cash you are on.

The war on cash is war on privacy.

related communities (decentralized only)

closely related:
!cashless_society@nano.garden (ghost node) ← only reachable from instances that federated to that community before nano.garden disappeared

loosely related:
!offgrid@slrpnk.net
!climate_action_individual@slrpnk.net
!fightforprivacy@feddit.ch
!personalfinance@sopuli.xyz
!right_to_unplug@sopuli.xyz

founded 1 year ago
MODERATORS
 

from the article:

They are not allowed to avoid this amount by making several smaller payments in banknotes.

What does that mean for salaries? Every salary payment can be seen as a part of an annual income. I would demand more frequent pay days just to get some freedom back -- to be free from forced banking. Of course I would say the paychecks are not part of a whole payment but each are a whole payment for a specific amount of labor rendered.

#warOnCash

top 1 comments
sorted by: hot top controversial new old
[–] viking 1 points 1 year ago

Every salary payment can be seen as a part of an annual income.

No they really can't. Salaries are standardized to be monthly, as are actual loan repayments. So if you earn more than 3k per month, you're not getting that in cash.