Cash Transactions Banned

PUBLISHED: 9:15 PM 16 May 2018

Government Moves To Track All Consumer Transactions

According to proponents, this will help stop terrorism and crime.

This is not just a pile of money, but rather, the currency that allows freedom from constant government observation of a people's spending habits.

Though there are exceptions, for the most part, when a government wants to ban something, it is usually sold as for the “greater good,” to lower crime, or to protect the children. These are all signs that a heavy hand is about to fall and that freedoms are to be lost. As Safe Haven has reported today, this truth holds just as true in Australia as it does in the United States of America.

If a government can limit cash, it can track every purchase and control its citizens. Under the guise of needing to “fight against terrorist financing, drug trafficking, money-laundering and tax evasion,” the land down under “has moved to ban the use of cash in any transactions over $10,000 by next year.

Digital currency seems to be the desired outcome (a money supply open for hacking and utter obliteration by both E.M.P.’s and solar flares) and this is a “move lauded by Treasurer Scott Morrison,” according to Gizmodo. He calls the plan “bad news for criminal gangs, terrorists, and those who just trying to cheat on their tax.” Perhaps that is so, but it is even worse news for those who respect privacy, freedom, and liberty.

The ban is being rushed for a July 2019 implementation, a way to allow very little discussion of the dreadful idea. It is said that the ban shall “not affect transactions with financial institutions or consumer-to-consumer non-business transactions,” but how long will that last? Things of this nature tend to travel on a rather slippery slope once allowed.

For that matter, even if it does remain as written currently, what right does a government have to meddle even to that degree?

The taxpayers in Australia get to pay for the neutering of their rights, too. It is known that “$300 million in funds”  will flow to the “Black Economy Standing Taskforce” and that $3 to $4 BILLION will be added to the government via taxes (so the people really to get to pay for this scheme twice!).

The black economy undermines community trust in the tax system, gives some businesses an unfair competitive advantage, puts pressure on margins of honest businesses, and often includes exploitation of vulnerable employees through the underpayment of wages and loss of entitlements,” voiced Financial Services Minister Kelly O’Dwyer as he spoke to the Guardian.

The fact that taxes may already be too high was not addressed, of course, only that the people are dodging and not paying enough. After this screed becomes law, taxes can be raised as high as leaders wish and the population will have nowhere to hide.

Purchases over $10,000 will be banned in a nation where “40 percent of all commercial transactions are done in cash.” This means that almost half of those in such businesses will now be herded by the government with little say in the matter at all. The Bank of Australia has found that “37 percent of commercial transactions were in cash in 2016, down from 70 percent in 2007.  At the same time, the value of payments in cash in 2016 was $56 billion lower than in 2007, when it was $162 billion.”

When analyzed properly, this data is quite telling. On one hand, it reveals that cash has been coming down in terms of usage without an iron fist causing it, yet the government wants it to happen faster and in grander ways. Furthermore, it shows that many of those who are still using cash likely have the means to handle their transaction(s) in other ways and wish no to. In a free society, that should be their right.

Brian Hartzer, CEO of Westpac thinks that in ten years, 95% of transactions will be digital.

Harvard professor Kenneth Rogoff has called cash a “curse” that leads to sex crime and all manner of crime. Thankfully, if there is a silver lining to this horrid affair, some people are voicing anger at the notion of being monitored like children. “At the end of the day it should be the discretion of the person,” a businessman told News.

If they’ve got the cash and it’s by legitimate means, they should be allowed to buy things with it. It’s legal tender,” he added.