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WHAT WILL A CASHLESS SOCIETY MEAN?

THE PROS

CONVENIENCE — THERE WILL NO LONGER BE ANY NEED TO CARRY CASH AROUND

THE CONS

EVERY TRANSACTION YOU MAKE WILL BE TRACKED YOUR SPENDING HABITS CAN BE LINKED TO YOUR CARBON FOOTPRINT

YOU WILL ONLY BE PERMITTED TO SPEND ON THINGS THE GOVERNMENT APPROVES OF. THINGS THAT ARE DEEMED TO BE LUXURIES — MEAT, FUEL, TRAVEL — CAN BE RESTRICTED

YOUR MONEY CAN BE PROGRAMMED WITH AN EXPIRY DATE — IF YOU DON’T SPEND IT BY A CERTAIN DATE, YOU’LL LOSE IT

THERE WILL BE NO ‘BLACK’ ECONOMY. IT WILL NOT BE POSSIBLE TO AVOID TAX, BUT THEN YOU WILL NOT BE ABLE TO GIVE POCKET MONEY TO CHILDREN OR GRANDCHILDREN AND NEITHER WILL YOU BE ABLE TO BORROW OR LEND MONEY TO FRIENDS WITHOUT THAT BEING TAXED BY THE GOVERNMENT

PARKING AND SPEEDING FINES WILL BE TAKEN AT SOURCE, WITHOUT THE POSSIBILITY OF CHALLENGE AND POSSIBLY EVEN WITHOUT YOUR KNOWLEDGE

IF YOU PROTEST THE ACTIONS OF THE GOVERNMENT, YOUR MONEY CAN BE SWITCHED OFF. IF YOU THINK THAT’S UNLIKELY, IT’S ALREADY HAPPENED TO TENS OF THOUSANDS OF CANADIANS WHEN THEY PROTESTED AND IT ALSO HAPPENED TO A BRITISH JOURNALIST

A CASHLESS SOCIETY MEANS THE END OF HUMAN FREEDOM

IF YOU WANT THAT, DO NOTHING

IF YOU DON’T, THE FIRST THING YOU MUST DO IS RESPOND TO THE GOVERNMENT’S PROPOSAL ON DIGITAL ID, UPON WHICH A CASHLESS SOCIETY MUST BE BASED

https://www.gov.uk/government/consultations/draft-legislation-to-help-more-people-prove-their- identity-online/consultation-on-draft-legislation-to-support-identity-verificat

Image Credit: Brett Scott

  • On one hand, I don’t think currency should exist at all, cash or otherwise.

    On the other hand, I would love for everything we do to be tied to us. You cheat in video games? Congrats, no possibility to ban evade. You take a bribe as a politician? Congrats, we can all see it the second the transaction goes through. You earned a company $6,000 this week working with three other guys making only $1,000 total? They can look at the Financials and start their own company and stop making money for you. Ups and downs as with all things.