Sunday 5 June 2011

What would be the consequences of eliminating cash in American society?

I%26#039;ve been wondering about this for quite some time. As a consumer, it seems as if paying for anything these days is as simple as swiping a card. How much would the business world really change if cash money became obsolete?|||The government would collect more taxes because lots of people dont report income. Drugs would be difficult to purchase. It costs the treasury dept lots to print bills and produce coins so it would save the govt money. The only problems is bribes would be difficult to do so the crooks who make the laws will not change that,|||How would anybody be able to buy illegal drugs?|||i miss cash.|||satellites crash, computers fail, technology can be hacked...keep cash in your mattress!|||It%26#039;s still cash even if it%26#039;s in electronic form. You mean getting rid of hard currency. It%26#039;s only a matter of time.





%26quot;How would anybody be able to buy illegal drugs?%26quot;





Exactly. In fact, how would you run any kind of profitable criminal enterprise without somebody catching on real fast?