THE QUESTION YOU SHOULD ASK ABOUT THE CASH BAN
I want you to ask yourself: What freedoms would you happily give up if the Government decided to make them illegal??
Fishing? Going to the gym? Spending your cash how and when you choose? Enjoying a coffee with friends?
This is an important question because a freedom you use to have is about to be taken away.
Very soon spending anything more than $10,000 in legal tender could become illegal.
The idea is that cash will instead need to be deposited in the bank, and purchases will be made by electronic transfer.
If proposed laws get Senate support as expected, anyone using cash for a purchase over $10,000 will face a $25,000 fine and two years jail.
It’s true that most of us don’t have $10,000 cash lying around, but there are those who do, and cash is still legal tender. And anyone who has saved up to buy a second hand car or boat, or pay for a holiday, or a new garden shed, should be allowed to do it.
The Liberals and Labor have already said they support the cash ban, despite members in both parties being concerned. One Nation opposes the ban.
The government says the laws are designed to stop crimes like money laundering and tax evasion, but I am concerned that there might be a hidden motive. Is the economy in a much more drastic position than we are told? Does the Government want cash back in the banks to prop up Australia’s finances?
Whatever the reason, if you don’t want the loss of this freedom, you should let your loacal Senators know before it goes to the vote soon.
Who knows what freedoms will be lost next.
