I took the hit and cleaned out a couple. That cash is mine, not theirs.
I think, and I am afraid that the government is planning to stop all cash transactions. With everyone wanting direct deposit, debit payments, online payments, pretty soon there will be no cash. That means no under the table payments, no drug transactions, no hoarding cash, no bank robberies, no cash or coins whatsoever. No one will be able to have privacy for anything they buy or sell.
Can you imagine, no yard sales, no bake sales, car washes, etc. Everything will be electronic and people won’t be able to afford to do small transactions of any kind.
Cashing in accounts might be more costly than ever.