Greece Unleashes 'Soft' Cash Ban

[Y_Participant 4591]

From ZeroHedge’s Tyler Durden and KeepTalkingGreece.com

The spread of global cash bans continues with Greece unveiling its so-called ‘soft’ approach by which taxpayers will only be granted tax-allowances or deductions when payments are made via credit or debit cards. The new guidelines refer to employees, pensioners, farmers, and also – get this – the unemployed – from 1st Jan 2017

Accepted expenditure will be:

Purchases for food and supermarket products, electronic and electric devices, household equipment, footwear, clothing, fuel, furniture, cigarettes, drinks

Restaurants, cafeterias,bars and hotels

Services like by hairdressers and beauty parlors, gyms and dance schools, car repair, plumbers, electricians, painters, carpenters, lawyers and accountants.

For doctors and pharmacy the same practice will be valid as in last year. The tax office will accept the expenditure only if payments are made per credit card or bank transfer.

(Public hospitals in Greece have already collapsed. As Keep TalkingGreece.com notes, the first budget cuts imposed with the first bailout agreement affected the public health. Seven years later, the situation goes from bad to worse in fast speed. The austerity freezing of hiring (1:7) ended up in severe shortages in medical and paramedical personnel.

The sharp expenditure cuts deprive hospitals of spare parts and essential material. KTG reported many times in the past about the situation in Greece’s hospitals, the deficiencies in personnel and material, incl bed sheets, the never ending bureaucracy.

Speaking to UK’s Guardian about the Greek public health meltdown, doctors and personnel say that hospitals have become “danger zones”.)

Expenditure for utility bills, landlines and mobile phones, heating, rent, loan repayments that in fact swallow the largest amount of monthly expenditure for private households will not be accepted. Also not accepted is expenditure for toll and transport tickets.

In its “wisdom” the Greek Finance Ministry has determined the amount the taxpayers will have to pay with electronic money in order to be able to get the tax allowance:

10% for annual income up to €10,000
15% for annual income €10,001-€30,000
20% for annual income over €30,001

The famous Greek wisdom in times of austerity, bailout agreements and economic crisis remains the same also in 2017 and as neo-liberal as possible since 2010: crack the low and medium incomes, let the rich fly free

Should a taxpayer not be able to spend the necessary percentage of the annual income according to the guidelines, the punishment will be a penalty of 22% imposed on the missing difference. Couples will have to spend separately

In the bizarre Greek world we live in, households will be obliged to spend money even if they do not want to. As the large part of monthly need coverage (utilities etc) is not accepted by the tax office, households who do not manage to reach the necessary percentage through supermarket percentages will have to go and spend like crazy in retail, dance schools and gyms and other goods and service providers.

Exempted from the compulsory usage of credit/debit cards are seniors over 70 years old, residents of remote areas and people with disability over 80%. I suppose they will have to continue the collection of paper receipts.

In the new system, taxpayers will not need to collect stupid receipts from the cash register, where the amount will have faded away when they were supposed to be brought to the tax office in a huge plastic bag.

Fuel and heating oil shot up after the special consumption fee was imposed on 1st January 2017. Unleaded gasoline reached a record price especially on the Greek islands that were not exempted from the Value Added Tax hikes.

The cap for cash transactions fell from 1,500 down to 500 euros on 31st Dec 2016.
In simple words: any purchase of goods and services over 500 euros will need to be done via plastic money.

Citations
http://www.zerohedge.com/news/2017-01-03/greece-unleashes-soft-cash-ban
http://www.keeptalkinggreece.com/2017/01/03/greece-bans-cash-tax-allowance-possible-only-through-payments-via-plastic-money/
http://www.keeptalkinggreece.com/2017/01/03/fuel-and-heating-oil-prices-skyrocket-after-special-consumption-fee/

[chirParticipant]

And thus the war on “cash” continues. Started with India and is progressing. Large denominations and then all cash eventually. Gold and silver will also be banned, but good luck with trying to confiscate it. People will bury it fast.

Cashless society

It is by caffeine alone I set my mind in motion, it is by the beans of Java that thoughts acquire speed, the hands acquire shaking, the shaking becomes a warning; it is by caffeine alone I set my mind in motion.

[Anonymous 25]

Banks want people to move to paying by debit and credit cards, because people spend more money when they use those payment methods. People are more reluctant to hand over cold hard cash, it’s psychological.

That’s probably the reasoning of Greece. They are trying to kick start consumer spending.

They’d be better off out of the EU and forge alliances with a Brexit UK and for the US and UK to rebuild the special relationship as Trump enters presidency. Screw socialism and screw the EU.

[AkhilleusParticipant 2486]

Also spending electronically they can catch the tax evasion or miss reporting of income both spenders and companies that recieve these monies greekd are famous for (fakI laki) Greek slang for bribes.

Aloha means family you don't leave family behind. Who will be the next Draconarius for MGTOW? MGTOW = brothers = acceptance = belonging

[Faust For ScienceParticipant 22589]

Anonymous wrote:

Banks want people to move to paying by debit and credit cards, because people spend more money when they use those payment methods. People are more reluctant to hand over cold hard cash, it’s psychological.

Banks control the Greek government. And the banks have already seize all property and assets held by the Greek people.

Now, the banks are just grinding the people into nothing to likely make way for the foreign muslim invaders. Or, maybe the banks just want to get rid of the Greek people and turn the Greek peninsula and archipelago into their own private playground where the “commoners” are not welcome.

Either way, this is the banks quest to destroy western civilization to erase all evidence of western civilization from the cradle where western civilization began, which is Greece.

What we are seeing in Greece is not communism. What we are seeing in Greece is the final acts of debt based feudalism.

The whole tyrannical situation is in Greece is being propped up by foreign money. The moment the foreign money disappears, the Greece will fully collapse and likely seize all foreign held land the banks stole with pennies on the dollar.

[HitmanParticipant]

Anonymous wrote:

Screw socialism and screw the EU.

this is the answer.
cash is king in my world.
plastic tracks you .
cash lets you be free.

Faust For Science wrote:

Banks control the Greek government.

and WHO controls the banks?

[It’sallbsParticipant]

1984 is here.

http://www.leavemeansleave.eu

[FreedomParticipant 965]

A cashless society will never work. Alternatives will evolve.
Bartering evades taxation. The authorities won’t be able to control it. Bitcoin can’t be controlled and because they ain’t making more coins now…it’s value goes up. Whereas the value of the $ or £ goes down, because the c~~~s keep printing more.

The f~~~s in power should just shut the f~~~ up and make the system fairer. Big corps need to pay tax.

She cheated on me ..... my fault. I showed an interest in another woman......my fault.

[FreedomParticipant 965]

BIG MONEY MAKING HINT FOR 2017

Buy shares in big oil. Reinvest the 6% dividend.

Buy some gold and hide it.

Don’t hold cash.

She cheated on me ..... my fault. I showed an interest in another woman......my fault.

[Biggvs_DickvsParticipant 3726]

Hitman wrote:

and WHO controls the banks?

The good and noble capitalists that only really have everyone’s best interest at heart.

Freedom wrote:

The f~~~s in power should just shut the f~~~ up and make the system fairer. Big corps need to pay tax.

From your lips to God’s ears. Remember, in post WW2 under Eisenhower, corporations paid a 90% tax rate at the top end. Yet SOMEHOW we had a booming economy.

Remember: unregulated capitalism always tends toward monopoly.

"Data, I would be delighted to offer any advice I can on understanding women. When I have some, I'll let you know." --Captain Picard,

[The Laughing ManParticipant 1020]

Thanks yumbo

Has there been any mention of people up and leaving as a result of monetary crack down?

I thought what I'd do was I'd pretend I was one of those deaf-mutes...or should I?

[Y_Participant 4591]

The Laughing Man wrote:

Thanks yumbo

Has there been any mention of people up and leaving as a result of monetary crack down?

You’re welcome.

Sadly yes

Greece – about 260 000 (estimated) since 2010 to other parts of Western EU.

Venezuela – For the current crisis starting in July 2016 over 150,000 flee north to Columbia every month – there was an instance of 35,000 in one weekend.

India – nothing so far – most refugee Indians would be far worse off in other parts of East Asia.

[FeralParticipant 98]

Guys, I might sound like a broken record, but:
let’s identify the greenest pastures, and
let’s move there.

Without cash, the oppressive West will become an even worse nightmare.

[Y_Participant 4591]

Feral wrote:

Guys, I might sound like a broken record, but:
let’s identify the greenest pastures, and
let’s move there.

Nice idea – however my experience is try to move when you are young, Every place seems overrun with Islamists these days except USA and Russia.
If you need anonymity try ghosting – there are many adepts on this site to help you.

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