Ancient Citizen
Well-Known Member
- Joined
- 26 Jul 2009
- Messages
- 15,710
There is now a dearth of cashpoints, particularly in rural areas, but they are starting to disappear at
an alarming rate virtually everywhere, are we seeing the end of cash?
Very soon, I think it will cease to exist, we'll just be flashing a card in front of a machine for every purchase,
which has benefits for the banks for sure, plus there are other benefits for businesses, as they will no longer
have security worries, or have to count stacks of takings.
The biggest beneficiary though, will be the government, as each and every purchase becomes traceable,
no longer will Joe the gardener or Bill the plumber be able to ask for readies, so the income tax take will
soar, as every transaction can be monitored, and is forever available for scrutiny; is this good,
or bad?
an alarming rate virtually everywhere, are we seeing the end of cash?
Very soon, I think it will cease to exist, we'll just be flashing a card in front of a machine for every purchase,
which has benefits for the banks for sure, plus there are other benefits for businesses, as they will no longer
have security worries, or have to count stacks of takings.
The biggest beneficiary though, will be the government, as each and every purchase becomes traceable,
no longer will Joe the gardener or Bill the plumber be able to ask for readies, so the income tax take will
soar, as every transaction can be monitored, and is forever available for scrutiny; is this good,
or bad?