Cash is only used by the poor or elderly

Broken Hope said:
The fee is percentage based isn’t it? I bet the fee for depositing cash at a bank is higher. Never understood retailers that would turn down card for the sake of a few pence.
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Selective declaration to tax man makes it much more appealing. I'm always dubious of people in petrol stations etc paying cash.
 
Trifid said:
Selective declaration to tax man makes it much more appealing. I'm always dubious of people in petrol stations etc paying cash.
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What are you, the money police?
Do you note cash buyers plate numbers, then drop a list to HMRC?
When I drove a Black Cab I took Credit Cards but mostly cash, it was the way of the job, but if I needed diesel I’d pull out some of the cash I’d taken to pay for it.
What should I have done, paid by card then paid the cash into a bank to cover it?
Gimme a break.
 
Jean-F said:
What are you, the money police?
Do you note cash buyers plate numbers, then drop a list to HMRC?
When I drove a Black Cab I took Credit Cards but mostly cash, it was the way of the job, but if I needed diesel I’d pull out some of the cash I’d taken to pay for it.
What should I have done, paid by card then paid the cash into a bank to cover it?
Gimme a break.
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Did I strike a nerve?
 
ethan said:
I think plenty of self employed people will continue to use cash along with those who would like to hide their true worth in certain situations from prying eyes.
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^^^ this. I don't think it's necessarily poor people per se (if anything plenty of poor people are reliant on credit cards, overdrafts etc...) but rather tradespeople (who often aren't particularly poor these days!) have cash for obvious reasons.

I guess some illegals rely on cash in handwork and are poor.

Beggars too rely on cash donations (though card machines/apps are becoming a thing for them) though aren't necessarily poor or homeless and can earn a surprisingly high hourly rate...

I don't buy the elderly excuse anymore - that might have better applied in the 90s & 00s but chip and pin, contactless payments etc.. have been around for approx 15 or so years now. Debit and credit cards have been with us for decades...

[FnG]magnolia said:
Large sums of cash are extremely hard to secure and hide from anyone.
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I dunno, you hear stories of elderly people with a tin full of notes buried behind all sorts of jars/ingredients in a kitchen cupboard or in a cellar or attic etc... So long as a trusted relative is aware of it so it doesn't just get forgotten/tossed out/left for the new homeowners to discover then... you get situations like this:

Rannoch said:
It can be a bonus when old folk hoard cash, my poor old gran had 25k hidden away that we found when she passed.
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Mybe better if it had been in the stock market but meh... 25k is s
 
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Trifid said:
Did I strike a nerve?
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Hardly, I doubt you have the wit.
You stated that you’re always dubious about drivers who pay cash for their petrol,
as if they’re all potential tax evaders.
If you can’t see how dumb that statement is, then there’s no helping you.
 
Jean-F said:
Hardly, I doubt you have the wit.
You stated that you’re always dubious about drivers who pay cash for their petrol,
as if they’re all potential tax evaders.
If you can’t see how dumb that statement is, then there’s no helping you.
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Don't forget drug pushers and tobacco/alcohol black market sellers, they tend to prefer cash too. In some cases they all overlap, although I think fast food delivery is now a more popular cover than taxi driver.
 
Dolph said:
Don't forget drug pushers and tobacco/alcohol black market sellers, they tend to prefer cash too. In some cases they all overlap, although I think fast food delivery is now a more popular cover than taxi driver.
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My guy takes contactless payments. Saying that, I must check how that appears on my bank statement :eek:
 
Dolph said:
Don't forget drug pushers and tobacco/alcohol black market sellers, they tend to prefer cash too. In some cases they all overlap, although I think fast food delivery is now a more popular cover than taxi driver.
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No argument there Dolph, and I played pretty close to the wind when I drove a London taxi, but this guy blatantly said that he was dubious about drivers who paid cash for their petrol, vis-a-vis tax paying.
Might as well point the finger at someone paying cash for 2 or 3 pizzas.
 
"Poor" and "Elderly" are somewhat subjective terms but most people would consider me to be neither and I use cash sometimes (until a couple of years ago I used it for the majority of purchases below the contactless limit, and became aware I was probably in the minority as sometimes the cashier would get the card machine out by default and then act surprised that you were paying cash).
Historically, I liked to carry between £30-80 cash in my wallet, as this is enough for most eventualities (impromptu trip to pub / food / taxi). However, taxi drivers seem fine with card payments these days, I guess because of the numbers who don't carry [much] cash. I'm still a bit wary of card payments in a pub, but at least with contactless you retain your card rather than having them swipe it somewhere behind the bar.
 
dowie said:
^^^ this. I don't think it's necessarily poor people per se (if anything plenty of poor people are reliant on credit cards, overdrafts etc...) but rather tradespeople (who often aren't particularly poor these days!) have cash for obvious reasons.

I guess some illegals rely on cash in handwork and are poor.

Beggars too rely on cash donations (though card machines/apps are becoming a thing for them) though aren't necessarily poor or homeless and can earn a surprisingly high hourly rate...

I don't buy the elderly excuse anymore - that might have better applied in the 90s & 00s but chip and pin, contactless payments etc.. have been around for approx 15 or so years now. Debit and credit cards have been with us for decades...



I dunno, you hear stories of elderly people with a tin full of notes buried behind all sorts of jars/ingredients in a kitchen cupboard or in a cellar or attic etc... So long as a trusted relative is aware of it so it doesn't just get forgotten/tossed out/left for the new homeowners to discover then... you get situations like this:



Mybe better if it had been in the stock market but meh... 25k is s
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According to my father , my dear old gran rolled up the cash and kicked it under the tall boy. It was only discovered as the huge wardrobe was moved and the rolls of 20s was discovered. I think she withdrew her pension in cash hence the build up.
 
mid_gen said:
2021 and people are still talking complete BS about Bitcoin :rolleyes:

Bitcoin is traceable. Completely, 100% public, every transaction you make is on a public record that *anyone* can view. It's the whole founding principle that makes the system work.

I would much rather have my financial transactions recorded by a regulated, private company that is required by law to protect my data, than just have all my transactions a matter of public record.
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It's accurate about other cryptocurrencies like Monero/XMR though, uses an obfuscated ledger that makes it practically untraceable, even Europol couldn't trace laundered money through it.
 
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Energize said:
It's accurate about other cryptocurrencies like Monero/XMR though, uses an obfuscated ledger that makes it practically untraceable, even Europol couldn't trace laundered money through it.
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Lets be honest though. Thats not what people were talking about is it though.

There are also crypto tumbling services that make tracking transactions almost impossible. You can follow a chain of transactions but you will struggle to track it once its been through one of those services and ends up in a completely unrelated wallet/wallets.

I'm sure that law enforcement are/will put substantial resources into tools to make tracking crypto easier and faster in the future.

Interestingly the idea that bitcoin was used largely for illegal activities was completely debunked recently and it showed that a lower % of crypto was linked to illegal activities than traditional fiat.

Unfortunately the tax man is very much aware of crypto and I will be paying a sizeable tax bill this year as a result. Its also far trickier to do than traditional currency as the price of the coin when you receive it is the tax point.
 
Nasher said:
It's the same everywhere, it's just that in some places people simply don't conform. In the UK most do :p

Go to places in France and people blatently just ignore rules and they do it on mass, so the local governments are powerless to do anything about it lol
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In France I think that they do it en masse :rolleyes:

robfosters said:
OP sounds like he quite fancies a cull of the poor and elderly.

Tory voter 100%
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Not necessarily, I vote Tory, (in an effort to keep Labour out), and I don’t fancy a cull of the poor and elderly.
I have sufficient dough not to be thought of as poor, but I am old enough to definitely be seen as elderly.
 
I like to have multiple different payment methods.

We've just seen an example of what can happen if we only use a certain credit card that your bank issues you i.e. you have no choice whether it was visa or mastercard.

Now suddenly you can no longer shop at Amazon if you have a Visa Credit card. You're at the whim of 2 others on whether YOU can buy something.
 
Trifid said:
Selective declaration to tax man makes it much more appealing. I'm always dubious of people in petrol stations etc paying cash.
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Always suspicious of people paying for their food shop with notes too. And we're not talking of a lunchtime meal deal. These are an absolute rammed packed trolley with a bill of 150-200.
 
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