this post was submitted on 27 Oct 2023
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Sometimes I wonder if transitioning to a cashless society is just another way for the ruling class to cull the homeless.
it allows advertisers to profile everyone more easily
If my cashless society isn't moneyless and managed by Gosplan, I don't want it!
I think it's more there are multiple rentiers in a cashless society. Pretty sure every credit card transaction has two additional entities getting a cut (since the machines aren't always by the CC company), and debit card ones have up to three additional now (bank, visa/mastercard, again potentially whoever makes the machine).
Theoretically, digital cash won't have that problem. Although there will be the major problem of surveillance and privacy.
Always a a safe bet to assume it's ultimately about starving the homeless
It isn't really cashless. It isnjudt that cash is privatized. Instead of thr government minting it it is now made in the form of gift cards, and digital tender