The end of cash?
- Thread starter danny la rouge
- Start date
danny la rouge
More like *fanny* la rouge!
Of course I have. And indeed I myself now use mainly Apple Pay. What I was regretting is that there are millions of people for whom there are significant barriers to doing that.
You may do as you please.
brogdale
Coming to terms with late onset Anarchism
Particularly given that this thread has reignited since your OP, it seems that some posting on here could do well to read the original Ceeney report that you referred to:
final-report-final-web.pdf
LeytonCatLady
Well-Known Member
There are already ways to deal with the illegal activities you mention that don't come at the expense of law-abiding folk who need cash for legit reasons. Collective punishment is immoral.
Last edited:
UnderOpenSky
baseline neural therapy
Of course not. But you know what's even easier? Loading it straight into the trolley.
teuchter
je suis teuchter
Only works if there's another customer still in front of you, otherwise things start disappearing off the end of the conveyor belt before you have arranged all your items in the desired sequence.
Maybe
Yuwipi Woman
Whack-A-Mole Queen
Several wrong things with this idea:
* The extremely poor often operate in the gaps of legality to survive. Many poor people work "off the books" as a way to get work when they don't have any other options. Unless you are going to offer better solutions for them to survive, you should let them be.
* These things are already illegal and have existing ways to enforce them. If you want to go after tax evasion, close all of the perfectly legal loopholes the morbidly wealth use to pay no tax. The top-ten most wealthy people pay almost no tax, and they don't operate in cash. They operate in electronic debt as their currency.
* There are all kinds of workarounds in a non-cash system to do the same things. Prostitution services often operate openly, taking card payment. It just appears on the statement as something else. So, the workaround isn't that difficult. Even the Catholic church got into money laundering for drug dealers. When there's so much money involved, they will always have willing collaborators.
* It would crash the economy. In most economies about half the transactions going on are related to drugs or crime. Eliminating this will result in the lowering of the velocity of money (Velocity of Money: Definition, Formula, and Examples) and crash the economy.
It's just plain naive to think that eliminating cash will eliminate tax evasion, etc. A better question might be "should we try?"
Last edited:
Yuwipi Woman
Whack-A-Mole Queen
teuchter
je suis teuchter
Where do you get this from?
Yuwipi Woman
Whack-A-Mole Queen
I read it in a book on economics some time ago. I'm working on finding it and so far it appears that number is inflated, it does amount to trillions of dollars:
Political corruption ($2.6 T):
Global Cost of Corruption at Least 5 Per Cent of World Gross Domestic Product, Secretary-General Tells Security Council, Citing World Economic Forum Data | Meetings Coverage and Press Releases
In its first‑ever meeting to address the links between corruption and conflict, the Security Council today considered ways to effectively disrupt the illicit siphoning of money by leaders and other practices that weaken State institutions, thereby making a country susceptible to conflict.
Organized crime ($900 M):
Transnational organized crime: the globalized illegal economy
United Nations Office on Drugs and Crime Web Site
www.unodc.org
Money Laundering:
Illicit money: how much is out there?
Criminals, especially drug traffickers, may have laundered around $1.6 trillion, or 2.7 per cent of global GDP, in 2009, according to a new report by UNODC. This figure is consistent with the 2 to 5 per cent range previously established by the International Monetary Fund to estimate the scale of...
www.unodc.org
Drug trafficing and tax evasion ($2.1 T):
Illicit money: how much is out there?
Criminals, especially drug traffickers, may have laundered around $1.6 trillion, or 2.7 per cent of global GDP, in 2009, according to a new report by UNODC. This figure is consistent with the 2 to 5 per cent range previously established by the International Monetary Fund to estimate the scale of...
www.unodc.org
Elpenor
a clown’s heart and a mandolin
That makes sense - yesterday, I bought a pint of milk at coop for 50 pence and then handed over a brown envelope to Hitman Harry as a down payment on his next job
Yuwipi Woman
Whack-A-Mole Queen
With inflation being what it is, I usually just do my own killing.
moochedit
I'm not feeding seagulls
I have never listened to the archers but i kind of imagine that it's the sort of show where new fangled stuff like card payments would be unthinkable
wemakeyousoundb
hopefully not gimboid
shame on youI have never listened to the archers but i kind of imagine that it's the sort of show where new fangled stuff like card payments would be unthinkable
it's on twice a day!
moochedit
I'm not feeding seagulls
Can you summerise the plot so far in 20 words or less.
hash tag
Books, not bombs
Also a full Catch up on sundays
Probably
Farm trouble. Rural economy. Issues of same clumsely crow barred into dialogue.
The land owners vs tenant farmers, tensions.
Charming attempts to make elisit cider etc by work a day mostly honest country folk.
People roped into terrible am dram productions put on by a pretencious snob, but who is not all that terrible really.
Dodgy land deals. Cockney wrongun.
Everyone implausibly having affairs even though the gene pool must be quite restricted and no one ever just like fucks off to somewhere more realistic.
Goodie son vs his hapless brother.
Foli, cows, pigs etc.
You aint missing much.. I've not heard it for about 3 years TBH.
As if Sundays aren't already bad enough.
Elpenor
a clown’s heart and a mandolin
I see we have one of the scriptwriters posting
liquidindian
Hello
Sorry none of us cashless types understand this, is this like a podcast but you can only listen at certain times?
wemakeyousoundb
hopefully not gimboid
and that's just the past 3 week synopsys
farmerbarleymow
I'm Petee's spirit animal
Maybe Yuwipi Woman lives an interesting double life awash with crime and drugs so knows these things. All the stuff about produce wars is just a distraction to convince us otherwise.
wemakeyousoundb
hopefully not gimboid
3 monkeys!
teuchter
je suis teuchter
You've no idea how blessed your life is.
Similar threads
