[Veggiepatch]

Yeah, those cents add up, lol

I bet you would scream blue murder if mortgage rates went up by 0.8%, presuming you have a mortgage.

 

[MelanieJune]

Total control? Why do they want total control? And who are "they"?

The ones lurking in the shadows, beyond reach, beyond your periphery, beyond your hearing… the ones who rule, and it isn’t your government, they are puppets. The run the debt system, own private banks. They own you and me and the earth and cosmos.

 

[Greg350]

A cashless society as a means of centralised control

If governments were to monopolize cashless payment systems, e.g. by the issuance of a central bank digital currency (CBDC}, then in addition to tracking all transactions, the government would also be able to:

Enforce a transaction tax on every person-to-person payment

Eliminate the storage of cash as a means to escape nominal negative interest rates, which are used to fight deflation by discouraging savings (most effective if combined with bans on barter, private currencies like bitcoin, and storage of precious metals like gold). Certain types of money could be set to "expire" and be worthless if not spent in specific ways or by specific times. This is also possible with cash, if the government allows high inflation or lets its currency undergo a devaluation.

Governments could conduct more effective mass surveillance and quickly prevent certain individuals from buying anything or earning any money

Restrict the type of consumer goods that can be purchased with a certain amount of money (and parents might be able to do the same with allowance money)

Banking transaction tax is a dangerous idea

www.dnaindia.com

The Cashless Society Is a Creepy Fantasy

Giving up cash is sacrificing freedom. That's a high price to pay for something that wouldn't work.

www.bloomberg.com

https://www.fastcompany.com/3056736/what-happens-when-we-become-a-cashless-society

Tracking all transactions? What do you have to hide. I'm sure the government is interested in when you go to the supermarket.

Transactions tax? Haha, we had that decades ago, short memory you have. It was called FID Financial Institutions Duty on every deposit and BADT Bank Account Debits Tax on all cheque accounts and the withdrawals from them. So it was done in the 1980's, well before digital banking had caught on.

Storage of cash? Yeah, stop people from hiding money from Centrelink to gain more benefits. We all pay tax and it seems some like paying more to offset the ones who get more benefits than they should.

The government could stop you buying certain things? Hahahaha......and why would a government want that? Governments thrive on a strong economy, stopping purchases would slow the economy.

You must live in some paranoid fantasy world, thinking the government is out to get everyone. You clearly have no idea how good things are here in Australia. You have a look at the US, look at their health care system, their social benefits, nothing like here.

​

 

[Greg350]

I bet you would scream blue murder if mortgage rates went up by 0.8%, presuming you have a mortgage.

You're comparing 0.8% of maybe $500,000 dollars to $10 for morning tea?
$4,000 compared to 8 cents???

Hahahahahaha, yeah okay, good call, lol. What a moronic thing to say. And no I do not have a mortgage.

 

[Luckyus]

You will own nothing and be happy?

 

[Veggiepatch]

You're comparing 0.8% of maybe $500,000 dollars to $10 for morning tea?
$4,000 compared to 8 cents???

Hahahahahaha, yeah okay, good call, lol. What a moronic thing to say. And no I do not have a mortgage.

So you rent??

Or live under a bridge....

Storage of cash? Yeah, stop people from hiding money from Centrelink to gain more benefits. We all pay tax and it seems some like paying more to offset the ones who get more benefits than they should.

Tell me why, a huge entity such as Amazon Commercial Services Pty Ltd, pays only 0.8% tax on its $3.12 billion of income generated in Australia, while workers pay up to 45 cents in the dollar in income tax.

AGL Energy Limited paid ZERO tax on its $12.8 billion income for the year 2023-24!

According to the Australian Institute of Criminology, Centrelink fraud costs a mere $9 million a year. Stack that up against the WORST corporate tax evaders.

Unfortunately, you are barking up the wrong tree in the wrong forest.

 

[Greg350]

So you rent??

Or live under a bridge....

Tell me why, a huge entity such as Amazon Commercial Services Pty Ltd, pays only 0.8% tax on its $3.12 billion of income generated in Australia, while workers pay up to 45 cents in the dollar in income tax.

AGL Energy Limited paid ZERO tax on its $12.8 billion income for the year 2023-24!

According to the Australian Institute of Criminology, Centrelink fraud costs a mere $9 million a year. Stack that up against the WORST corporate tax evaders.

Unfortunately, you are barking up the wrong tree in the wrong forest.

What the hell are you on about? This article is about cashless Post Offices and start ranting about the tax companies pay? I have no idea what companies pay, seems you must have ATO insiders, just because you read something does not mean it's true, but you blindly believe it anyway.

Centrelink fraud is only 9 million????? Hahahahahahaha. Again reading crap.

And I own my home, what's so unusual about that.