Most governments, all over the world, encourage citizens to go cashless. The main reason are
- Control: If government can see all transactions, then it gives more power to government. The Government can easily see who is participating in anti-government riots, which business house/group is financing its opponents.
- Taxes: A cashless transaction is a taxable transaction. Cashless means more taxes for government.
What should common citizens do?
A common citizen should not allow government to grow bigger or powerful. So a common citizen should transact using cash (or crypto-currency like Bitcoin). This way government has lesser control over people and taxes may be lesser.
So let us be smart. Pay cash wherever possible.
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