Toro
Diamond Member
There will always be cash in our society.
People don't want it to go away.
People don't want it to go away.
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Goodbye privacy and be prepared to get fucked over by globalist banks, corporations and cyber terrorism. Do you trust your life savings to servers? Do you know how those severs are secured?
As someone who works in IT, I would never trust technology that much, and I would never trust the government and corporate globalist pigs either.
And yet, when you go to the ATM of your bank, you are somehow magically able to withdraw actual hard currency.I didn't deposit currency.
It's not illegal to privately sell a firearm, sparky.If I sold you a firearm in a private transaction today and you paid me using PayPal, the government would have no clue what I sold you.
So much for "immediately eliminates criminal activity".
(Holy shit - is there any topic you actually are informed about?)
Tell that to the IRS, sparky.Transactions aren't income.![]()
Goodbye privacy and be prepared to get fucked over by globalist banks, corporations and cyber terrorism. Do you trust your life savings to servers? Do you know how those severs are secured?
As someone who works in IT, I would never trust technology that much, and I would never trust the government and corporate globalist pigs either.
Do you keep your savings in a mattress?
Because otherwise, your savings are already on servers.
And it's already overseen by the government and corporate globalist pigs.
I've got news for you chief - you already do. Servers are keeping track of your entire wealth as we speak. I guarantee you keep your money in a bank and not in your mattress at home. That means you've already surrendered your hard currency to servers.Goodbye privacy and be prepared to get fucked over by globalist banks, corporations and cyber terrorism. Do you trust your life savings to servers? Do you know how those severs are secured?
As someone who works in IT, I would never trust technology that much, and I would never trust the government and corporate globalist pigs either.
It also eliminates about 90% of my private (legal) transactions and puts a good number of small businesses out of business.
How do you figure, sparky? That income is now on record.If a prostitute used PayPal, it ruins your original claim....
It almost immediately eliminates criminal activity. Without cash, one has to explain transactions. A prostitute must explain why she had a transaction at 2:00 a.m. when she is not employed.
A. How is she going to avoid paying taxes on in it?
B. How is she going to explain the income when the IRS sees that she is not employed?
Oops...
True, it pretty much already is. But at least we have the ability to cash out.
There would be a digital transaction of her buying something for that $200. Where is that transaction, dimwit? You don't understand auditing at all, do you?How is she going to avoid paying taxes on in it?
She bought something for $200, she sold it for $200. No gain, no tax.
Way to run from that one, sparky!So then we can eliminate all U.S. currency except for a single $1 bill and it won't hurt our economy at all, right sparky?You said it hurts our economy.![]()
You afraid foreigners are gonna buy up all our FRNs? LOL!
So to recap: it is your position that we can eliminate all but a single $1 bill from our economy and it won't affect anything. You've already stated that.
Holy shit. How humiliating. I would never be able to return to USMB if I said something that stupid.
You poor, poor little dimwit.How do you figure, sparky? That income is now on record.
People don't sell stuff on EBAY at 2:00 AM?
Understanding Ebay Taxable IncomeThe IRS rules are clear: you must pay taxes on all personal and business income and that includes money you make selling on Ebay.
And yet, when you go to the ATM of your bank, you are somehow magically able to withdraw actual hard currency.I didn't deposit currency.
Oh my precious little child. This is so cute. You're confused at how the banking system works. I get it. I have two small children and I have to explain this to them as well. See, when you deposit your check, your bank presents that check to the issuing bank and that bank gives your bank the money.
Why don't you let the adults talk now? I can explain this more later to you, mmm-k?
So now you're going to play this juvenile, disingenuous game because you've been proven wrong and your ego is too big to admit it?So to recap: it is your position that we can eliminate all but a single $1 bill from our economy
How do you eliminate all that currency?
Really? So your company doesn't get taxes on their sales revenues? Holy shit...Tell that to the IRS, sparky.Transactions aren't income.![]()
IRS, my sales revenue isn't my income. Is there anything about banking, business or taxes that you do understand?![]()
Whoah! Toddsterpatriot bringing it strong with the "I'm rubber...your glue" response! You really do live in your parents house still, uh junior?would never be able to return to USMB if I said something that stupid.
Yes, your confusion and ignorance should stop you from posting again, but based on this thread, it hasn't stopped you yet.
There would be a digital transaction of her buying something for that $200. Where is that transaction, dimwit? You don't understand auditing at all, do you?How is she going to avoid paying taxes on in it?
She bought something for $200, she sold it for $200. No gain, no tax.![]()
You poor, poor little dimwit.How do you figure, sparky? That income is now on record.
People don't sell stuff on EBAY at 2:00 AM?
Understanding Ebay Taxable IncomeThe IRS rules are clear: you must pay taxes on all personal and business income and that includes money you make selling on Ebay.