Stuart Wilde | January 12 2013
The Governments want a cashless society for several reasons, the first is to combat tax avoidance, and the second is to drive business and fees to the debt-riddled banks. And the third reason is a form of silent hatred. It’s envy. They want to become rich but they don’t really want any of the citizens being like them, wealthy. It forms a social competition they don’t like.
Of course, once the rules and regulations and the taxes and impost and fines and fees are all in place, one winds up with a cashless society anyway, as everyone is so broke they don’t have any cash, like in Spain say, or Greece where old age pensioners are eating from garbage dumpsters.
The EU are just about to change the rules and the maximum you will be able to take out of the bank in one go will be Euro 500. In part, it’s about holding the money in the banks in case there is a run on the banks in the future. And it is to do with money for the credit card machine companies. Little businesses that don’t qualify for a debit card terminal will be out of business.