The cashless economy is here

[Burning Petard]

A work colleague retired recently. He has superior skills and specialized knowledge that gives him a strong chance for success as a consultant. So, naturally here in Delaware he formed a corporation, Aker-Etc Inc. He was telling me about all the legal and regulatory hoops included in this process.

He has to make monthly payments to various federal tax offices. Please pause to look at the paper money in your pocket. On each and every one you will observe they are all signed by the Treasurer of the United States, and his/her boss, the Secretary of the Treasury. Also each clearly states "THIS NOTE IS LEGAL TENDER FOR ALL DEBT, PUBLIC AND PRIVATE." [sorry, original is all caps]

Except, my friend tells me, those minions of the Secretary of the Treasury at the tax offices--will not accept them as payment for his taxes. All payments must be made by electronic transfer.

snailgate