So I’m moving house – have I mentioned that before? – and have
house cleaning, clearing and removal services all hovering around doing work
Interestingly, all of them demanded cash.
I offered cheques.
Never ‘eard of it mate.
What’s going on?
Well of ocuerse, it’s the old dodge the tax man trick isn’t
You get paid in cash, and no-one knows.
Claim benefits and earn a few hundred in cash on the
side? No worries.
We used to call it the black economy, but now we refer to
this as the shadow economy.
A bit like shadow banking, it’s under the counter, invisible,
untaxable … and about as big as the real economy for some areas of business.
It’s the areas where money launderers operate. Why is the €500 note the most laundered in the
world? Because it means you can pack the
most money into a suitcase under your bed, of course!
It’s the reason why over 90% of dollars have cocaine on
them, as it’s the most common currency used to trade and sniff drugs.
It’s the reason why no-one wants cash to disappear.
So you talk to me about a cashless society and I’ll talk to
you about a paperless toilet.
It may be feasible, but it doesn’t sit well with the consumer,
unless you like a shot of air up yer bum.