Why would the elite want a cashless society? Cash enables them to hide transactions and avoid taxes.
More plausibly, they don't want you pulling all your money out of Wells Fargo or Etrade, or whatever shit company you save your money in.
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Wise words
"But mostly I have a problem with milquetoast cowards who are too weak, pathetic, stupid, or paid to even say words that are true, simply because they hurt someone’s feelings."