Quote Originally Posted by minimoke View Post
It might have been a valid point 20 years ago when we still had cash. Electronic financial transactions have now got to the point where pundits are suggesting the rare Chequbook will be extinct in 10 years time.
But the black economy will never die. Under an extreme consumption tax, bata would flourish. Not just in goods but services also. 'I'll do your heart transplant if you paint my house' sort of thing. Or possibly a mechanic fixes a car for an electrician who installs some new power points. It's illegal now to engage in swapped labour schemes, even casual or informal arrangements. which I am sure would suprise many people.