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this post was submitted on 22 Jun 2024
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the central government giving a generation of young people a logical reason to operate unbanked is about the most shoot-yourself-in-the-foot move i've heard this year. like even saying it's a possibility down the road is wildly stupid.
it's like step 0 in "how to grow the informal economy astronomically"
Maybe that's why they want to start counting the informal economy towards GDP
I'm sure they want to. every country wants to get a taste in taxes, but it is unrecorded, invisible, and generally impenetrable by virtue of it's function.
people spend 5 years attempting to estimate the informal economic activity of a single sector in a single community and it's just a number on a page. it's like "estimating" how many people in Canada had how many embarrassing, secret dreams about unicorns last year.
40 million by the way.
Especially in a country that is basically a pirate haven for finance criminals