The Great Transfer - Cash

I have a rather radical suggestion to make; we need to make it illegal for an individual to hold more than £250 in cash.

Why, I hear you ask, would I advance such a bold theory? Well, with the advent of electronic payments, credit deals and the like, then there's no need for anyone to carry that amount of money on them. The only people who actually carry that amount of money are performing illegal transactions, or at least dubious ones; everyone should accept cheques, so why would you need cash?

Think about it; if you made holding that amount of money illegal, and made it so that banks would raise flags whenever someone draws out more than £200 in the space of a week, then drug trafficking, prostitution and the like would become infinitely harder to engage in.

It would also have the added affect of making the purchase of any item over a certain value entirely demonstrable; no-one could say that they've bought a £3000 necklace in cash, for example. We would have an entirely honest society when it came to what has been bought, in terms of trade and the movement of money, and fraud and the like would, again, become infinitely harder to engage in.

The more I think about it, the more it would impact on crime. I understand that criminals would find ways around it, but only the intelligent ones would. And they possibly deserve to get away with it, provided their crime wasn't too horrible...