Cashless society

Cba reading the thread but my first thoughts are wouldn’t this be a right kick in the ballbag for drug dealers?

Every transaction would be traceable.

How would the smackheads even pay?

Hmmmm.
 
Mad Eyed Screamer said:
You mean it helps you to be a tax dodger?
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I don't see why we demonise people, working class people at that, who might do what everyone else desperately wants to do. They can't because they are paid by an employer with tax deducted into the bank, so call those that can.
 
Blue Mist said:
I don't see why we demonise people, working class people at that, who might do what everyone else desperately wants to do. They can't because they are paid by an employer with tax deducted into the bank, so call those that can.
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My comment was tongue in cheek. I spent 3 years in the mid 80's signing on with about 20 hours a week work cash in the hand so I'm the last person to deride anyone doing anything similar
 
Stoned Rose said:
Cba reading the thread but my first thoughts are wouldn’t this be a right kick in the ballbag for drug dealers?

Every transaction would be traceable.

How would the smackheads even pay?

Hmmmm.
Click to expand...
Bitcoin is ok apparently…
 
Blue Mist said:
I don't see why we demonise people, working class people at that, who might do what everyone else desperately wants to do. They can't because they are paid by an employer with tax deducted into the bank, so call those that can.
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Participation in what's known as the shadow economy penalises honest taxpayers, undermines the integrity of a countries tax and welfare system and creates an uneven playing field for the majority of small businesses doing the right thing.

If left unchecked, shadow economy participation can lead to a dangerous dynamic. It can foster a culture which legitimises and supports this participation, spurring its further growth. As revenues fall, those remaining in the formal economy may be faced with higher tax burdens, providing a greater incentive to move into the shadows.
 
Bill Walker said:
Participation in what's known as the shadow economy penalises honest taxpayers, undermines the integrity of a countries tax and welfare system and creates an uneven playing field for the majority of small businesses doing the right thing.

If left unchecked, shadow economy participation can lead to a dangerous dynamic. It can foster a culture which legitimises and supports this participation, spurring its further growth. As revenues fall, those remaining in the formal economy may be faced with higher tax burdens, providing a greater incentive to move into the shadows.
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Bill, you either copied and pasted that or have been brainwashed.
If tax was fair and used properly I don't think people would mind paying it.
We are now seen as cash cows to be milked, income tax, vat, road and petrol tax, inheritance tax - designed to take money from multi millionaires, now effects hard working families who saved all their lives.
Meanwhile, companies with clever lawyers pay little or no tax.
And finally, once gathered from the working class its wasted on wallpaper for Downing Street, HS2, covid party inquiries and vanity projects.
 
Thirsk Races Saturday. 3 pubs in the Market Square CARD only. The amount of party's walking in and walking straight out was amazing. They must have lost a fortune.

My Dad is proper old fashioned. Likes the feel of money in his hand he always says.

Bastard knew what he was doing in Thirsk! Lol.
 
Cashless society will never happen. The number of cashless transactions is increasing due to convenience and will continue to increase until it reaches a threshold. We will then have lots of cashless transactions alongside a lower number of cash transactions which will continue into the future.
 
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