• 800XL@lemmy.world
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    3 months ago

    A cashless society is so stupid beyond words. In order to create one you must also create a full surveillance society to protect it, and even that would be ineffective to stop it from being hacked.

    • HubertManne@moist.catsweat.com
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      3 months ago

      Just to be clear we are a mostly cashless society and the majority of currency is not physically in existence around the world and somehow it manages to be protected by and large.

      • 800XL@lemmy.world
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        3 months ago

        The difference is that if someone decides to freeze your cashless bank account they can by a mouse click and you’re destitute. Whereas if that happens in a cash-based society they have to come and get it from you.

        • HubertManne@moist.catsweat.com
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          3 months ago

          well that is sorta my point. I keep some cash on hand but the majority of my money gets auto deposited and debited from there when I pay bills. If someone steals the majority of my money and I have somelike 1 to 10 percent its not a much better situation than them stealing all of my available funds. I mean it is which is how come I do keep a bit of cash on hand.

      • 800XL@lemmy.world
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        3 months ago

        Get a conservative business-focused person into the government and watch them give infinite money to business in the form of subsidies, bailouts, and tax breaks.

        • sunzu@kbin.run
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          3 months ago

          All presidents since at least Reagan and Prolly all of them but FDR has been pro corporate welfare and each one rewarded his oligarchs with generous subsidies…

          Call it chips act or aca or covid relief etc… These are transfers from us treasury to the owner class.

          This is not a party politics issue, this is the regime policy