Cashless Society - 1
You know how everyone is one their cell phone?
24/7? While horseback riding, roller skating, driving, and just about any other activity you can think of?
The cell phone has become ubiquitous.
Its availability transcends economic boundaries and it has become the beacon of modern day society.
In an article in E-Commerce Times in 2004, Keith Regan, discussed the inevitability of a cashless society, an inevitability that will benefit our economy in countless ways.
But the point I want to make now is that he poses the idea of the cell phone as the point of power – the point from which all financial transactions originate.
The topic of a cashless society has been raised before, including by yours truly, and many payment vehicles have been suggested.
But this cell phone thing is really the cat’s meow, IMHO.
Assuming its use, implementation is simply a puff of smoke away!
By the way, as a preview to a complete overhaul of the current tax system, I invite you to download my report “Done with Cash” for free.
Tags: Banking Crisis, Corney's Model, Financial Crisis, Geithner, IRS, Stimulus Bill, Taxes
April 15th, 2009 at 6:36 am
This is quite a up-to-date info. I think I’ll share it on Delicious.