Now apparently it’s “hoarding money.”
Australia is considering putting tiny identification chips in its $100 bills, as a measure against crime and “pensioners hoarding the money”.
Sounds silly, but of course there is an problem the government is trying to solve, and of course – like so many problems – it’s a problem the government caused.
Elderly Australians receiving government support are subject to an assets test to determine what they receive. A single home-owner can own up to $253,750 AUD ($194,000 USD) in assets and still receive a full pension. Married couples may own more, and their own home is not included in that amount.
However some people have taken to turning their larger assets into hard cash and hoarding it themselves, or “under the mattress” as the cliche goes.
When the government reaches its stated goal of subsidizing everybody, it simultaneously arrives at its unstated goal of controlling everybody. All your stuff are belong to it.