A cashless society not for me

Craig1 · Guru

A cashless society not for me

msg · Guru

"They" have made it so convenient haven't they? I haven't used cash for months. Just one more way of making sure we are paying tax on every cent we earn. Great mine of infor for those tracking what we buy to sell off to marketers (SCOMO could see the value in that ) Just another way of issuing a cashless credit card, so we are all under surveilance on what we spend.

"Almost every single topic in todays world is tainted with corruption & hidden agendas."

Oh so true. Won't be long we'll all be good little soldiers. Not an individual among us. Even now, you can't buy goods that aren't in fashion. There's a lot of choice out there (too much) but at the same time little choice. Just think of the wide range of caravans available but they are basically the same colour and shape with more or fewer amenities. them. There's very little difference between them. And what about the cars? There are infinite variations but basically they are the same.

-- Edited by msg on Wednesday 19th of May 2021 03:54:11 PM

-- Edited by msg on Wednesday 19th of May 2021 03:56:22 PM

Possum3 · Guru

If it just stopped cash deals of Meth, Cocaine , Amyl and Alcohol to Indigenous Communities, fantastic - it will also stop the pawning/sale of stolen goods, fantastic - stop money laundering and other illicit cash operations, fantastic.

The only downside will be to 0.001% FID imposed on every transaction, I think I can handle that.

msg · Guru

FID wasn't that abolished?

dorian · Guru

Cryptocurrencies are the new "cash" for criminals.

I notice that some merchants (legal ones) are insisting on cashless transactions to deter armed robbers.

Whenarewethere · Guru

& just think that there is for each man, women & child in Australia.

7 $20 notes &

37 $50 notes &

17 $100 notes in circulation.

There is a long way to go before we become cashless!

Craig1 · Guru

Not so sure "when", rumblings about no jab, no travel again today. We might escape being chipped, but grandies surely will be.

Possum3 · Guru

msg wrote:
FID wasn't that abolished?

Correct msg - Although I believe Stamp Duty is still applied in most States .

Financial institutions duty (FID) was a duty levied by all Australian states and territories except Queensland on deposits to bank accounts, term deposits, and similar. The tax was introduced in the different states on dates between 1982 and 1992. It was abolished in all states from 1 July 2001 as part of the package of reforms for the goods and services tax. The bank account debits tax was also abolished as part of this package. The duty was a percentage of the amount deposited, but with a maximum tax per deposit on ordinary accounts, ACT, NSW, Tas, Vic, WA NT SA Rate 0.06% 0.06% 0.065% Max per deposit $1,200 $1,500 $1,200 For term deposit or short-term money market investments there was no limit on the duty per deposit. But for amounts of $50,000 or more and up to 185 days the duty was reduced by the number of days divided by 365; so, for example, was 0.0012% on a 73-day investment (1/5 of the year). The duty was levied according to the state where the bank account was domiciled, not where the account holder lived. About $1 billion per year was being collected just before its abolition (calculated by the Australian Bankers' Association).

msg · Guru

Possum, made you curry tonight. Turned out really well. Thanks

Dougwe · Chief one feather

Cashless Society! Gee I have always had less cash than I wanted.

Scottie can give me more anytime he likes.

-- Edited by Dougwe on Thursday 20th of May 2021 04:00:52 AM

peter67 · Guru

I've always viewed the word banker as rhyming slang.

Craig1 · Guru

Just reminded by a mate, what happens when the internet goes down ?, cant pay and they do not give stuff for free

Possum3 · Guru

msg wrote:
Possum, made you curry tonight. Turned out really well. Thanks

msg, I know you made my Sausage & Mushroom Stroganoff Sausage and Mushroom Stroganoff. - The Grey Nomads Forum (activeboard.com) I am now using Coles "V2 Mince" instead of Sausages (I'm not going vegetarian, just getting plumper sitting around). I am also using canned tomatoes instead of tomato paste. (To make it less viscose after losing "sausage juices). Give it a go.

Craig1 · Guru

As I am sick of ticking off 3 pages of bank statement, I have mostly gone back to cash, but 4 times now in last week the till person cannot comprehend me giving the bit extra to save the change. eg. purchase is $37.10, so I hand over $42.20. They are bewildered, or attempt to short change me, seemingly cannot input amount they get into till even.

Dougwe · Chief one feather

Gee, you are a nice person Craig, paying more than the asked price. You can buy in my shop any time.

Ooops, I don't have a shop.

msg · Guru

Hi Possum,

Good one. Thinking heart smart rather than calories. Mantra = Low salt, Low Saturated fats, few processed foods.(like ham, salami, sausages bacon). I'm a bit like an ex smoker on this subject.