Talk

Advanced search

to be worried that we are heading towards a cashless society?

(311 Posts)
WaitingforGalGadot Sun 03-Dec-17 12:22:50

I read an article a few days ago about how the Government would like to phase out cash so that everyone is compelled to pay by card or bank transfer, supposedly to make things easier and quicker and destroy the black market.

I actually think this is really ominous as once there is no more cash, there is no more anonymity and your spending habits and lifestyle can be tracked even if you are not doing anything illegal. Big Brother watching your every more.

It also means the banks can impose negative interest rates (where you have to pay the banks to hold your money) on savings accounts to get people to spend rather than see their savings reduced and of course also means that you don't really have control of your own money since the banks can collapse, bail in your money or appropriate it (as has happened in places like Argentina, not too long ago).

Cash is also really useful and personally I don't find it a faff to use cash. I think this is really scary.

CrmbleBee Sun 03-Dec-17 12:25:04

Ever read the Handmaid's Tale? Single biggest argument against going totally cashless.

ButchyRestingFace Sun 03-Dec-17 12:27:53

I read The Handmaid’s Tale about 10 years ago. Struggling to remember anything around cashlessness...

WaitingforGalGadot Sun 03-Dec-17 12:28:25

CrmbleBee - Yes exactly. It would be giving up all control. I suppose they could make cash transactions illegal but if they do that it will be much more obvious that we are heading towards a Big Brother type Orwellian state where everything you do is monitored and controlled.

timeforabrewnow Sun 03-Dec-17 12:29:18

Really?

YANBU - it sounds very scary.

What sort of timeframe are we talking about? It sounds like a radical change that many people wouldn't like for a lot of different reasons.

Judashascomeintosomemoney Sun 03-Dec-17 12:35:05

I absolutely hate the new five and ten pound notes. They spring out of your purse when you open it as they can’t be properly folded in to it securely. They stick together too. As soon as they came out DH and I agreed one consideration was probably to hope people hated them so much they stopped using them and were pushed towards going cashless grin

Tigger85 Sun 03-Dec-17 12:35:50

Butchy in the handmaid tale going cashless was the first step in taking total control, once the society was cashless all women had access to their finances blocked and all their money moved to their closest male relatives account, they were then all forced out of work and forced to depend on men and be subservient to them.

Kursk Sun 03-Dec-17 12:36:02

A step towards total government control. HRMC can track you down to pennies.

It’s already illigal to have over £5k in cash at any one time.

It would probably be nearly impossible for cash to be withdrawn. People would never hand it over.

hidinginthenightgarden Sun 03-Dec-17 12:38:18

I almost never have cash. I only have cash when I sell something on facebook.

AbsentmindedWoman Sun 03-Dec-17 12:38:38

It's illegal to have over £5k in cash? shock Really?!

I didn't know this. Not that it affects broke little ole me, but still grin

BlessedBeTheFruit Sun 03-Dec-17 12:38:46

My first thought too CrmbleBee (makes sense with my username wink)

Reading the book made me want to keep a stash of cash under the mattress. Haven't done it yet though.

Viviennemary Sun 03-Dec-17 12:39:23

I think there's pros and cons to this. It might help to phase out tax dodgers and criminals and money under the table deals. But the dodgy folk will always find a way round it. But yes it would be a massive invasion of privacy for most people.

Rubyslippers7780 Sun 03-Dec-17 12:40:29

All the Royal Bank of Scotland banks are closing. They say we have to use online banking. So can't wait to sit with my aged parents and support tgem every time they need a bank transaction. Also, no idea how local buisnesses will bank their cash at night..but their answer is a mobile bank..a bus twice a week. So if you are working and miss the mobile service you have no cash. Cashless will be in the rural areas first and sod what people need.

Gingernaut Sun 03-Dec-17 12:40:32

I remember reading an article from the Daily Mail (please don't judge) about this very problem

The manufacturers of free ATMs are finding ways to keep them relevant and offer more than 'just cash'.

(The link is to an article the Daily Fail more than likely plagiarised for their article)

BadLad Sun 03-Dec-17 12:43:48

It’s already illigal to have over £5k in cash at any one time.

You have some source for that, I presume.

goodnessidontknow Sun 03-Dec-17 12:45:45

PP, please link to support for the idea that it is illegal to hold more than £5k in cash? There are rules surrounding cash transactions over that amount for anti money laundering purposes but it's not illegal.

If the government tried to force a cashless society people would trade using different currency, historically things like salt and even flower bulbs have been used.

we'd also see more barter trade which is even harder for HMRC to control.

Society will always find a way to work in the way it wants to.

PaperdollCartoon Sun 03-Dec-17 12:45:53

I never use cash, I just don’t need to. The odd occasions I end up with ‘real money’ in my wallet I always forget its there because it’s so unexpected. But I would hate to have no option for cash, as others have said its a slippery slope to losing control.

MaidOfStars Sun 03-Dec-17 12:46:20

I’m am confused by the asserted illegality of having more than £5k in cash too.

CactusCactusCactus Sun 03-Dec-17 12:46:54

But cash is still overwhelming used on a worldwide basis? I was surprised to hear how many transactions are cash but now don't have the figure...

I don't think YABU though. Agree with Handmaids Tale level scary argument.

Also, government, there's a couple of other things you should maybe be prioritising at he moment. Can we just keep a bit of focus please.

WhooooAmI24601 Sun 03-Dec-17 12:47:10

I understand that if you're flying you have to declare cash over a certain amount but there's absolutely no way it's illegal to carry over 5K in cash on your person. No way on earth.

ohfortuna Sun 03-Dec-17 12:47:52

It's not illegal to have cash

DorisDangleberry Sun 03-Dec-17 12:48:54

It’s already illegal to have over £5k in cash at any one time.

It should be illegal to spout unsubstantiated bollocks on an internet forum

KidLorneRoll Sun 03-Dec-17 12:48:57

Yeah, it's not illegal to have 5k in cash. Itter bollocks.

Snap8TheCat Sun 03-Dec-17 12:50:42

Kursk that’s rubbish! Don’t make shit up!

metalmum15 Sun 03-Dec-17 12:51:05

But surely by constantly using credit and debit cards we're actually contributing to the problem? Sweden is fast becoming a cashless society because they've chosen to stop using it as the majority of the population prefers to use cards, therefore there's very little need for places to accept cash anymore, thus meaning actual money will soon be a thing of the past.

Join the discussion

Join the discussion

Registering is free, easy, and means you can join in the discussion, get discounts, win prizes and lots more.

Register now