The sibling comment says it more in depth, succinctly: You don't own your own money. This is somewhat true in practice with credit, checking accounts - only l

The sibling comment says it more in depth, succinctly: You don't own your own money. This is somewhat true in practice with credit, checking accounts - only large entities are allowed to even make purchases such as cars, houses anymore (practically - check or cash is a not often practiced option). When I have possessions, I can say they are either under my power or entrusted to someone else - any good finance advice is to diversify as much as possible. If all money pratically becomes some virtual 'fake' money, that's not possible - I don't have possessions at that point, I'm a literal slave of the state - given some basic pittance which is dictated how and what I must spend it on. A lot of people end up paying for similar things, cost of living, subscriptions - to some extent we are slaves to society already, but we aren't required to be. If I sacrifice something unnecessary, I can trade for something else. Being given what amounts to fancy foodstamps is just not the same thing - without a lot unpaid social work I cannot turn those foodstamps into a car, or save up for my son's college, pay for a class at a local Uni, or support doctor's without borders through equipment donations. Only one person gets to decide that in the painted picture - the govt. If viewed as another sort of interest-less bond, maybe they can make a certain type of sense, but only in the same way I might put 20 bucks on a nintendo or xbox account. The "innovations" don't sound that great in practice, and mostly sound limiting.