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 Replies: 15 / Views: 1,709 |
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Pillar of the Community
Thailand
1509 Posts |
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Moderator
 United States
14463 Posts |
I always carry a little cash with me. Now that I participate in the Project $100K., I am spending dollar coins. What I have spent in dollar coins for this project, 97% would have been paid with a credit or debit card. |
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Pillar of the Community
Canada
1554 Posts |
 Interesting thought, however, I don't think we will ever go 100% cashless as a society simply for the following reasons: There is a Trillion dollar$$$$$ a year industry for "under the table" work that exists in our society and that includes illegal immigrants and work that we self contract. Many of us at one time or another have paid a back yard mechanic to fix our cars, teens to mow our lawns or do odd jobs around the house, gone to garage sales, donated money to panhandlers, paid for home repairs under the table to avoid tax, paid for E-bay purchases via cash to avoid tax, and the list goes on. This way of life will "always" exist at least in our lifetime, and who knows, 100 years from now they may figure out another way of doing business, but we won't be around to worry about it! Glenn  Edited by glenzy1
06/14/2012 06:58 am
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Pillar of the Community
Canada
1723 Posts |
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Bedrock of the Community
United States
19935 Posts |
Bah, that guys an idiot.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
United States
4337 Posts |
he's a bit of a tool for sure and "cash" will never truly go away even a thousand years from now when my greatx50 grandchildren will be using Rigelian Credits to pay for thermo-fuel and yet in their back pocket will be few of my Franklin halves snuggled along side a couple of President Trump Notes...'Nuff Said |
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Pillar of the Community
United States
526 Posts |
It is funny that this topic comes up. The bible refers to a cashless society as being a part of the end of the world. Please, I am not a bible thumper and I am not preaching here, but my knowledge of the bible does refer to a society based on a number tattoed on your skin. That number becomes like a debit card
in todays world.
Just interesting is all.
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Pillar of the Community
Canada
4944 Posts |
There are too many things that would need to change for this to ever happen. Glenzy has a good list going a few posts up.
With a society using only credit and debit cards, there will be a lot more hackers trying to get all of this money. If you can't see it missing, how will you know it's gone? At least with cash you will know right away when you are missing some money.
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Moderator
United States
187702 Posts |
I think we are already a cashless society. That is, if you choose to forgo cash, you can. For every place that is cash only, there is a competitor ready to take your plastic. I could easily live without having to use cash, not that I do or really want to.
Even if we did become cashless society by law (the government ceases the minting and printing), tangible "money" will never disappear. There will always be people who will operate outside of the system, no matter how tight that system is (for all the reasons given above, and more). With people stacking silver and hoarding copper, there will be plenty of "cash" out there after they stop making it. No matter what, there will always be someone willing to accept cash.
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Valued Member
Canada
321 Posts |
"cash" in today's society is just a form that we use to pay people for goods and services.
thousands of years ago we would "buy" stuff by trading...ex: "I will give you one cow for 2 goats and 3 chickens"
and now its.."I will give you X amount of dollars for 2 goats and 3 chickens"
The end result is the same, it is just what you use as payment that varies.
YES it is alot easier to manage billions of dollars by programming plastic cards with computer chips that transfer "money" between accounts...but that "money" doesn't actually exist, it only exists on a virtual level represented by your governments "gold hoard" with people trusting in their governments who say they actually have the gold to back it..BUT!...say every computer in the world were to stop working, and governments didn't have the physical gold to giver their people? then what?....
My belief is that if our world was to become a "cashless society" it would not be in favor of using debit cards to spend virtual money, I believe we would revert back to trading items for items..trading services for services.
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Moderator
United States
187702 Posts |
Quote:
it only exists on a virtual level represented by your governments "gold hoard" with people trusting in their governments who say they actually have the gold to back it No, it is not even that. The only thing backing money, real or virtual, is the "full faith and credit" of the government doing the backing.  |
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Pillar of the Community
3352 Posts |
Honestly ... nowadays, the only time I need cash is to pay for chocolate covered almonds at work (for my peep's children's hockey donations, etc) ...
And who cares => sure, I collect new coins, but just because ... my true love is in "old coins", so again, who cares => all of the coins that I "really" care about have already been produced, right?
... the biggest question-mark, is whether people in 50 years will even care about coins ...
=> "ummm Mommy, what's a coin?"
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Moderator
United States
187702 Posts |
Quote:
... the biggest question-mark, is whether people in 50 years will even care about coins ... Of course they will (forever an optimist). |
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Pillar of the Community
3352 Posts |
=> and again => "who cares ... that'll be my nephew's problem" |
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Pillar of the Community
Australia
2830 Posts |
CCF has several previous threads about this.
The credit card has made enormous inroads into the role of cash, but ATMs have increased the availability, and role, of cash. Internet banking is another factor.
I used to think that Hong Kong's "Octopus Card" was the likely model for the rest of the world, but now I think that Smart-Phone technology will move things along quickly.
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Bedrock of the Community
United States
20753 Posts |
True this has come up many times. And every time I mention my Son who is in buisness and needs all receipts so he uses credit cards about 99% of the time. He convinced me to do that too. With a BOA credit card I get 1% back on almost everything. 2% on gas, 3% on food. Why should I use cash when I get money back by not using cash. I like all the documentation for medical items for tax deductions.
I used to get irritated with women constantly holding lines with a credit card but today's modern methods amd machines that now goes as fast as cash. And no one in line counting out exact money.
I've asked some others I know about this same thing every time it comes up on this forum. I've found less and less people use cash. And why should they when they get money back by not using it.
And too the days of sending in payments for gas, electric, phone, water, etc. are also mostly done on line so there too, no more cash. Many companies attempt to get all their employees to accept direct deposit of their pay checks.
Edited by just carl
06/18/2012 8:43 pm
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Replies: 15 / Views: 1,709 |
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Posted 06/14/2012 06:56 am
