What if cash ceased to exit... Not an entirely new idea, but have you ever thought of what that would really imply...??? Well first of all, for the consumer it would alleviate our wallets of a lot of bulk, as well as simplify our daily lives with a more ergonomic way of spending: the credit card... But more importantly, for the government it solves several problems relating to crime, not to mention a lot of savings on the making of our worldly currencies, as well as it's safe guard and transport... Counter fitting Money would become obsolete, as well as selling illegal black market goods such as Drugs, Prostitution, and other various products like Cigarettes, and Alcohol, which are all payed for in Cash... Hold ups and burglaries would also become obsolete... Also Black market jobs would cease to exist and it would become impossible for any industry or private person not to declare revenues: tax evasion would become a crime of the past!!! Millions of dollars/euros that used to escape taxes would then automatically be re-injected in State Funds... It is also not negligible to point out that, because illegal immigrants mainly rely on black market jobs to sustain their livelihoods in their place of "residence", Illegal immigration would then also become much less attractive...
So why has this not happened yet ??? Am I the only one who sees the depth of the result of making such a change in society ?!? Or... Could the governments of our world purposefully want for these branches of crime to continue to exist?!? Let's hope not... And even if the DEA would become obsolete, the positive aspect of less government spending, and reduction of crime rates, out weights the negative aspect of a little unemployment...
I would also like to point out that enforcing this change would take very little effort... Most if not all places of business are already equipped with Credit card Terminals, and most of us all own at least one credit card... Only minors would need a new method of payment, I would suggest some sort of rechargeable cash card (funds transferred via Internet or from a cash machine to the Minor's cash card).
On an additional note. In Sweden, Credit Cards can be combined with your ID. This thus makes it easier to make sure that the one using the Credit Card is it's owner.
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So why has this not happened yet ??? Am I the only one who sees the depth of the result of making such a change in society ?!? Or... Could the governments of our world purposefully want for these branches of crime to continue to exist?!? Let's hope not... And even if the DEA would become obsolete, the positive aspect of less government spending, and reduction of crime rates, out weights the negative aspect of a little unemployment...
I would also like to point out that enforcing this change would take very little effort... Most if not all places of business are already equipped with Credit card Terminals, and most of us all own at least one credit card... Only minors would need a new method of payment, I would suggest some sort of rechargeable cash card (funds transferred via Internet or from a cash machine to the Minor's cash card).
On an additional note. In Sweden, Credit Cards can be combined with your ID. This thus makes it easier to make sure that the one using the Credit Card is it's owner.
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