On Sun, 12 May 2002, R. A. Hettinga wrote:
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> At 6:55 PM -0700 on 5/11/02, Morlock Elloi wrote:
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> > Also let's not forget that person A givin person B cash is
> > zero-cost untraceable transaction.
>
> Oh, but it's not.
It can be, depends on the business.
> Try to carry around a good merchant's daily receipts in cash every day,
You don't need to carry it around, except for change and the immediate
income (which you drop box several times a day). Not a problem of the
scale you describe.
> Credit cards are the cheapest way to get paid anything over, say,
> $1000 a day, and you probably couldn't be in business these days
> unless you're grossing $10k a day.
Actually $3k (assuming a 50% split with the tax man) and you're only
trying to cover your butt.
This actually segues into the distinction between 'capitalism' and
'commerce'. In capitalism the 'merchant', let's call him Barbarossa is
trying to not only cover his immediate needs, as well as reasonable
investment, but trying to actually maximize that income at the expense of
other players in the market.
--
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