Cashless Society - 5

What’s your cash quotient?
That’s right, your cash quotient.
How much cash do you carry with you at any given time?
One dollar? Five dollars? Twenty five? Five hundred?
Is your security based on how much cash you carry?
As we move toward a cashless society, I ask you to be conscious of your cash quotient.
My cash quotient is zero.

In other words, I rarely have any more than some random change in my pocket. Here are the benefits of this:

1. When my kids come ask me for money for silly stuff, I pull out my wallet, lay it open in front of them (seeing is believing) and beg poverty.
2. When a street person asks for money, I drop in a quarter or dime, and plaintively say that’s all I have.
3. I don’t have to worry about putting my pants in the wash with a pocket-full of paper money
4. My days of being a pickpocket mark are over. (Yup, been there, done that)
5. 1.I save myself a lot of stress when paying for something by not having to rummage around for money, figuring out if I have enough, waiting for change, and so on.

How do I pay for things?
I use my debit card – that’s right, not credit card, debit card.

I believe the debit card will be the forerunner of more advanced technologies to come.
In the meantime, try it, get used to it, you’ll like it!!

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

Cashless Society - 4

Would a cashless society infringe upon your rights of privacy and individual freedom?
Some people think so, and to be honest, it very well could be! But it doesn’t have to be, and here’s why.
It’s all based on its implementation and management.
If a cashless system was designed and managed by an entity with a centralistic, upper-class, militaristic mentality, the technology to manage a cashless economy would be designed for “Big Brother” to keep tabs on things (us).
But in this new era it is far more likely that the design of this system would be egalitarian, decentralized, and “for the people.”

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

Cashless Society - 3

I heard a man talk this morning.
In fact, I heard him give a speech.
Did anyone else hear this man talk?
Before I heard this man speak, I thought that the days until our cashless society would be quite some indeed.
But today, in the day of this new America, in the light of this man’s view of America: a view of not tolerating putting off decisions that will be good for all because of politics and childish behavior, I’m beginning to think that day might be closer than we think.
Let’s just hope the 44th President of the United States, Barak H. Obama, can pull it off.

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

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.