4 ms·
Well, with most salaries going to bank accounts it's half way there already, isn't it ?
by m4rtink 4y ago
Well, with most salaries going to bank accounts it's half way there already, isn't it ?
- FpUser 4y agoWell you can still take cash out and hide it under the mattress ;)
- imtringued 4y agoHow to generate unemployment 101.
- luckylion 4y agoEspecially since it's more common now to pay digitally and not get cash from the bank and then use it in every day shopping. I've adopted it too when merchants strongly encouraged it during the lock downs, and it's just so easy, I've kept it. I do spend more, but I don't know if there's a causal relationship -- would handing over bank notes make me more aware of what and how much I'm buying?
- Ekaros 4y agoAlso if you think of payment flows. I would guess that less than a dozen operators on average in each country cover nearly all of payments. And top 3-4 likely vast majority. For Europe I believe VISA+MC, SEPA and maybe one or two domestic solutions handle most of transactions.
- m4rtink 4y agoThis is already an issues when global/regional payment processors start to apply either their local law or questionable company policies in the whole region or globally. Payment processors being a near monopoly, this has a disproportionate effect.
- whywhywhywhy 4y agoCDBC is way beyond that, it allows things like if someone has taken too many flights that year, bought too much sugar or alcohol that month you could make the offending purchases or all their purchases more expensive to penalize them. Or you know if they had a bad social credit score, too bad now your morning coffee costs 1.5X of the person next to you, maybe reconsider your actions. Few reasons to implement this stuff unless that's your endgame.
- lotsofpulp 4y agoMarginal sales taxes make more sense to me than marginal income taxes. You consume more resources, you pay more.
- adql 4y agoYou can do that now already. Only thing making it not legal is law. Sure, with paper money you could just take it out of the bank and pay directly but you can do stuff to that too like making it more expensive to take out then track people who just take out big sums of money Like, sure, all electronic makes it easier, but it is by no means impossible or even hard now. Again, only thing stopping it is the law, if that is fucked doesn't matter how money are transferred
- spaceman_2020 4y agoIt's never a problem if its one of many options. It only becomes a problem if it's mandated. If you can only get paid/pay digitally, it becomes incredibly easy to track you. There are some people who have a legitimate, non-criminal reason to hide their work.