Submitted on Thursday 4th August 2011
Published on Monday 15th August 2011
Current status: Closed
Closed: Wednesday 15th August 2012
Eliminating cash eliminates whole sectors of crime, which has wonderful consequences: fewer offenders, fewer prisons, fewer wrecked lives and more resources available to benefit society.
Crime sectors that would be impossible or severely curtailed by eliminating cash include: the illegal drugs trade, corruption, undeclared income ("cash in hand", e.g. in the building trade), muggings, robberies, burglary.
Furthermore, the manufacture and handling of coins and notes could cease.
A cashless society is achieved by the government introducing a free at the point of use payment system funded by a small fraction of the money saved in eliminating the Royal Mint and the reduction in crime.
Creating a cashless society is a big win for honest folk and a big lose for criminals.
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