A wealth tax on cash...? Are you kidding me? You can literally avoid it by going... | Hacker News

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		imtringued on Dec 6, 2022 \| parent \| context \| favorite \| on: Nobody’s using CBDCs – India’s piloting one anyway A wealth tax on cash...? Are you kidding me? You can literally avoid it by going to the bank to save your money.

mitthrowaway2 on Dec 6, 2022 [–]

You misunderstand. The bank would be giving you a negative interest rate, so your account balance would always be exponentially decaying.

Cash would allow you to escape this, which is why it would be removed as an option.

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