Eliminating Cash

We need to eliminate cash physically. It costs us too much to print money and mint coins. But the savings will not just be from the savings in not printing and minting money but from the underground economy. Those people that do not claim income they are paid cash in will now have to. Another biggie is the drug trade – they could no longer hide their transactions and if they do, it is subject to taxation. With today’s electronic society we have the ability to pull this off.
Other than those printers or minters that would be out of a job I do not see much of a down side to this. All transactions would be with a debit or credit card or those still using checks, they could still use checks.
I would love to hear from those that have positive or negative feedback on this possibility.

Advertisements

About pozin

I am in my mid 50's, retired, married, 2 successful kids, raised Catholic but am agnostic. I am a social liberal and a fiscal conservative with libertarian leanings. I think the silent majority is not represented in government nor or our voices truly heard. I am mostly a loner but still enjoy people. I have little patience for those that do not contribute to society positively in one form or another.
This entry was posted in Uncategorized and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s