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TiltonBB · 06-16-2015, 06:39 AM

There is a huge percentage of the economy that is "underground"

"Estimates are that underground activity last year totaled as much as $2 trillion, according to a study by Edgar Feige, an economist at the University of Wisconsin-Madison."

Those people, some of whom work for cash, many who could not qualify for a credt card, will always exist. Many people deal in cash just so that their personal cash flow does not leave a paper trail. There was a former mayor of Boston who had no checking account and paid all his bills with cash or a Postal Money Order. That makes it pretty difficult for the IRS to see the whole picture.

Drug use is estimated to be a $60 billion a year business in the United States. As far as I know that is still a cash business.

I don't see a time in the future when we go to all plastic and paper money doesn't exist. For some people, that is all they have.

06-16-2015, 06:39 AM	#138
TiltonBB Senior Member Join Date: Feb 2005 Location: Gilford, NH and Florida Posts: 2,897 Thanks: 644 Thanked 2,153 Times in 900 Posts	Cash Economy There is a huge percentage of the economy that is "underground" "Estimates are that underground activity last year totaled as much as $2 trillion, according to a study by Edgar Feige, an economist at the University of Wisconsin-Madison." Those people, some of whom work for cash, many who could not qualify for a credt card, will always exist. Many people deal in cash just so that their personal cash flow does not leave a paper trail. There was a former mayor of Boston who had no checking account and paid all his bills with cash or a Postal Money Order. That makes it pretty difficult for the IRS to see the whole picture. Drug use is estimated to be a $60 billion a year business in the United States. As far as I know that is still a cash business. I don't see a time in the future when we go to all plastic and paper money doesn't exist. For some people, that is all they have.