The late Ed Koch, while Mayor of New York, suggested that the US recall all money to replace it with new money...on terms that if one had more than a certain amount (enough to keep cash-based businesses going) that one had to explain the source of the cash and whether one had paid taxes on such if such cash were taxable income.
People with illegal income would be stuck with worthless currency. Tough luck, dope dealers, embezzlers, tax cheats, etc.
Please, someone respond! I don;t want it lost among the spam threads!
People with illegal income would be stuck with worthless currency. Tough luck, dope dealers, embezzlers, tax cheats, etc.
Please, someone respond! I don;t want it lost among the spam threads!
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.