Cashless Society - 2
It’s been five years since Keith Regan wrote about a cashless society in an article in E-Commerce Times.
Since that time, progress has been made to that end, albeit in indirect, yet effective ways.
Here’s the deal, guys and gals.
Cash is expensive. Huh? That’s right.
We’ve got an economy out there that is melting before our eyes and yet we insist on traveling to the bank once a week, and buying things with cash money.
In fairness, though, we have made progress.
We are not visiting the bank quite as much, which reduces their costs which in turn is good for us customers.
But, instead we are visiting ATM machines where we are getting — CASH!!!
What’s the alternative? Technology!
Technology in the form of electronic payment devices – cash cards, debit cards, antenna’d devices, or even cell phones!
The cost of using technology for financial transactions is far less than the cost of dealing with money – money costs money to make, store, distribute, and bank. Technology costs virtually nothing other than the price of the gadgets involved.
Regan also points out that the
road block on this cashless thing is US!
That’s right – it is our reluctance to give up our pocket and pocketbook full of change for lunch, candy, or a newspaper.
We have also become attached to the feel of a thick wad of green stuff.
Illusion! Think!
That pile of green stuff in your pocket might
as well be rotting cabbage.
Those clinking coins might as well be a pile of tin. Worthless.
Think more: a cashless society means more money for all of us.
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, Cashless Society, Corney's Model, Financial Crisis, Geithner, IRS, Stimulus Bill, Taxes
