Australia Cashless Society by 2022

[icyfroth]

"Cash is predicted to make up only 2% of all payments within the next five years.

If you still pay for your morning coffee with a crisp $5 note, you’re a rare breed and clearly missed the “cash is no longer king” memo."

Link 

"Prime Minister Scott Morrison and his government introduced legislation to parliament in September that could make it illegal for Australians to pay for purchases over $10.00 in cash.

A senate committee is currently open to submissions from the community.

The task recommended by the Black Economy Taskforce, with those who support it claiming the bill’s purpose is to crack down on illegitimate activity, from tax evasion to money laundering. Why, after all, some may ask do we even pay with cash at all?"

Link 

�� ....A cashless society means no cash. . Zero. . 
It doesn’t mean mostly cashless and you can still use a ‘wee bit of cash here & there’. 
Cashless means fully digital, fully traceable, fully controlled. I think those who support a cashless society aren’t fully aware of what they are asking for. 
A cashless society means:

* No more tuck-away cash for those preparing to leave domestic violence.
* No more purchases off marketplace unless you want to risk bank transfer fraud.

* No more garage sales.
* No more cash donations to hungry homeless you pass.
* No more cash slipped into the hands of a child from their grandparent.
* No more money in birthday cards.
* No more piggy banks or tooth fairy for your child.
* No more selling bits & pieces from your home that you no longer want/need for a bit of cash in return.
* Less choices of where you purchase based on affordability.

What a cashless society does guarantee:

* Banks have full control of every single cent you own.
* Every transaction you make is recorded.
* All your movements & actions are traceable.
* Access to your money can be blocked at the click of a button when/if banks need ‘clarification’ from you which could take weeks, a hundred questions answered & five hundred passwords.
* If your transactions are deemed in any way questionable, by those who create the questions, your money will be frozen, ‘for your own good’.

And before anybody slams this post ... don’t go shooting the messenger .. 
I’m sharing it because maybe we all need to take off our blinkers. 
Forget about cash being dirty. Cash has been around for a very, very long time & it gives you control over how you trade with the world. It gives you independence.

If you are a customer, pay with cash. 
If you are a shop owner, remove those ridiculous signs that ask people to pay by card. 
Cash is a legal tender, it is our right to pay with cash. 
Banks are making it increasingly difficult to lodge cash & that has nothing to do with a virus.

Please 

A senate committee is currently open to submissions from the community.

[4channel]

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@icyfroth wrote:
@ brerrabbit

The text in my OP is C&P'd from news items off the internet.
You can check the links.
I have made no personal comments.

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@imastawka wrote:

I also did a C & P from your link.  Not $10, but $10,000

Prime Minister Scott Morrison and his government introduced legislation to parliament in September that could make it illegal for Australians to pay for purchases over $10,000 in cash. A senate committee is currently open to submissions from the community.

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Well, it may come to us not being able to make purchaes with a $10. We after all are heading into a cashless society. We have already lost currency below 5 cents. There are some people in govt that want to take our 5 cent pieces away.

So icyfroth has given us some useful insight into where we're heading. Kudos to icyfroth for that.

[rogespeed]

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@imastawka wrote:

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@icyfroth wrote:
@ brerrabbit

The text in my OP is C&P'd from news items off the internet.
You can check the links.
I have made no personal comments.

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I also did a C & P from your link.  Not $10, but $10,000

Prime Minister Scott Morrison and his government introduced legislation to parliament in September that could make it illegal for Australians to pay for purchases over $10,000 in cash. A senate committee is currently open to submissions from the community.

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10k makes sense - as who would be transacting such large amounts in cash ?  Buyers usually want high priced acquisitions to be traceable 

[4channel]

While I believe people should always do what's right and live by the law, I believe that sometimes we have to look at what may follow. Could it be that a law will be introduced one day that cash transactions over $5000 will not be allowed?

[supermussolinibros]

someone made a typo and it's the end of the world.

got anything good from the greenshed straybooksoz?

[icyfroth]

Thank you. You are now the third person who has become fixated on the missing zero, which was unforturnately lost in the translation.

I agree it's misleading. 

But it's not the point of the OP.

The point of my post I have highlighted it twice in my OP is that the public can have a say about it;

"A senate committee is currently open to submissions from the community."

So if you object to it, you can make your objections known, and perhaps influence against the decision of the government to implement it.

Would certainly warrant a protest about it.

[4channel]

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Re: Australia Cashless Society by 2022

in reply to imastawka

3 hours ago

@icyfroth wrote:

Thank you. You are now the third person who has become fixated on the missing zero, which was unforturnately lost in the translation.

I agree it's misleading. 

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Yeah some folk just want to make another look erroneous just because it makes them feel good and empowered. No good in that though.

Negative karma points being accumulated as well.

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@icyfroth wrote:

The point of my post I have highlighted it twice in my OP is that the public can have a say about it;

"A senate committee is currently open to submissions from the community."

So if you object to it, you can make your objections known, and perhaps influence against the decision of the government to implement it.

Would certainly warrant a protest about it.

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People should have their say in this.  Yes they should! Whether the gov't listens or not is another thing. In our great, supposedly free and democratic society, the will of the people has sometimes been put into the paper shredder.

[icyfroth]

Most people wouldn't even be bothered...

[icyfroth]

Or even know about it...

[icyfroth]

Or would rather argue a minor point to distract from the main issue.

[springyzone]

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@imastawka wrote:

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@icyfroth wrote:
@ brerrabbit

The text in my OP is C&P'd from news items off the internet.
You can check the links.
I have made no personal comments.

---

I also did a C & P from your link.  Not $10, but $10,000

Prime Minister Scott Morrison and his government introduced legislation to parliament in September that could make it illegal for Australians to pay for purchases over $10,000 in cash. A senate committee is currently open to submissions from the community.

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I personally think it would be a shame if cash disappeared from our everyday transactions. I love it as an option as I find I am more in control with cash, know where I am 'at'. Take those mroning coffees mentioned in the article. If you have $20 in your purse and it has to last till the end of the week, you might think twice about a coffee every morning. I know when i worked, we went out for lunch once a week and in the weeks when i didn't have a lot of cash left, I just bought a couple of dim sims and took some water with me, it was cheaper. It was easy to gauge my finances, just a quick look in the purse. The trouble with cards is I think people could easily get to think of it as a bottomless pit and overspend if not careful.

I can see why the gov't might want to ban purchases over $10,000 in cash becase I suspect a lot of those are under the table deals but to be honest, I am not sure how the gov't can stop it. A few months back, we had a kitchen renovation. Now I am an honest enough person, I signed to pay etc and the company made up my cabinets just before Xmas last year.

But then the company ceased to be on Jan1st and everything changed. My brother in law (it was not his company but he used to do some work for them) took over for me and arranged tradesmen and the company owner had his cabinet installer come in in a private capacity. Let me just say that I had to pay cash to everyone. Those were the terms, we weren't given a choice. It came to well over $10k. We had to take it out in dribs and drabs and was actually more stressful than just transferring money from our account to another. The whole process took over 3 months, which I might add is a long time without a stove.

But unless a government banned cash altogther, I don't see how they could stop this sort of scenario. As long as you keep it in smaller installments, it would be pretty easy to fly under the $10k radar.