Comments on: Be Thankful I Don’t Take It All… http://www.thelibertypapers.org/2010/09/20/be-thankful-i-dont-take-it-all/ Life. Liberty. Property. Defending individual freedom and liberty, one post at a time. Mon, 17 Jun 2013 22:29:16 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Rusty http://www.thelibertypapers.org/2010/09/20/be-thankful-i-dont-take-it-all/#comment-74695 Rusty Wed, 22 Sep 2010 17:25:50 +0000 http://www.thelibertypapers.org/?p=8473#comment-74695 On a somewhat related topic, I foresee paper currency being phased out during my lifetime. Every financial transaction could then be traced electronically. It would be sold as a security issue (for example, drug dealers and financed terrorists could be tracked and stopped), but really it would just allow the IRS collect taxes on unreported income. No longer could the neighbor boy mow a lawn for $20 without reporting it, and bartenders would not be able to under-report cash tips. Maybe the UK law is just a step in this direction.

I hope this post doesn’t give politicians any ideas–then it might become a self-fulfilling prophecy.

]]> By: Procopius http://www.thelibertypapers.org/2010/09/20/be-thankful-i-dont-take-it-all/#comment-74659 Procopius Mon, 20 Sep 2010 22:02:26 +0000 http://www.thelibertypapers.org/?p=8473#comment-74659 And so that system is probably slated for the US legislature at some point in the future. Would be nice the kill the Federal income tax before this happens.

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