On getting rid of $100 notes
Roy Ramage writes: Re. “Cash out: why does the govt want to ban the hundge?” (Friday). Is the banning of the hundred dollar bill the first attempt at a ‘cashless society? Are the neo-liberals so useless at collecting tax revenue from those that can afford it that they must now go for an electronic trace on all Australians financial activity? Any attempt to impose a “cashless society” will herd all citizens into a financial surveillance hub and eliminate economic liberty. And just as the tax office recently lost truckloads of Australians taxpayer information – will people suddenly be informed that all our financial records have been misplaced and please show proof that you have any money at all?
The desperate bid to ban $100 notes is eye watering proof that the current neo-liberal government is completely bereft of any ability to handle our economy. They have lost any right to govern.
Stuart Coyle writes: You remove the $100 note and then end up with the same problem with $50 notes. I suppose they hope to catch people as they try to cash in the bills. Moving towards having cash being illegal must make the banks happy.