Is a "cash-less" society pushing us toward lower mintage coins?

The key reason the government keeps changing over to electronic transactions is simply to save the government unnecessarily spent money. It cost a large fortune for them to purchase paper to mail all the checks and to pay someone to print them out and to pay to mail that check to each person entitled to a benefit. If they hand you a card and auto direct a set amount towards that account each month they just cut all those afore mentioned costs... this in my opinion is in no way a move towards eliminating hard currency in any form, nor is the choice states are making to place electronic tolls, once again, this clears up much congestion on major road ways where as people had to come to a complete stop to make an exchange and the state would have to pay a physical person to make these transactions in person each and every stop, so further more this is also absolutely nothing to do with getting rid of hard currency, not to mention those electronic tolls are chosen on a state level, not a government level.

 

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I agree that we will eliminate hard currency, just as soon as we all live as a perfect people, with a perfect government, all living in an Utopian society.

 

The US government can't even replace the $1 note with a coin despite decades of actually trying (albeit half-heartedly). They will never force the end of cash.:hammer:

 

I think that the electronic transfers from a cell phone could even eliminate the need to transfer money for legitimate purposes (e.g. garage sales, fleas markets, giving body money). I guess it would still leave the need for money for the illegal enterprises such as drug deals, contract killings, tax evading activities, etc.

 

You're making my point for me. All of these things are pushing toward a cashless society. The government not only saves time and manpower, it saves them money. Making coinage costs money. The government (not just the federal government but state governments too) constantly looks to eliminate costs and spending, and honestly, people like these changes and therefore are willing to accept them readily.

This is one way to affect changes in fiscal policy that have no political ramifications to speak of. THOSE are the kinds of bills that get action in Congress.

I did not say completely cashless, I said toward a cashless society and the ramifications on the mintages of coins. In my hypothetical, there are still coins being made and used for commerce.

 

Phil, they already have vending machines that you can activate with your cell phone.

 

There is other ways the Government can save huge amounts of money. For starters look how big gov. is, its one big family on the gov. tit. These people are milking the system for every last penny that they can. One of these days everything will come crumbling down...

 

Stop hiring idiots.

I've never had this problem, but that's just me... I do have forgetful employees that forget to balance their drawers or balance them horribly and leave a ton of cash in there, but once they get written up once or twice, they learn in a hurry.

Regarding the Cash v. Credit argument in stores, it takes about the same amount of time to pay with Credit as opposed to cash in our store, as well as most of the places I go. I use my debit and credit card almost exclusively, except with my favorite coin dealer, who only takes cash.

 

My mom and I go to dinner sometimes. She claims it takes too long when I pay with my debit card. Then when she pays, she takes forever when she counts out her 33 individual cents.

 

The ole lady work part time at a vfw. One day a group of out-a-staters came in and wanted food and drinks. They ordered and tried to pay with a credit card, " sorry sir, we don't take credit cards". They had no cash, so they left. It would be nice if the entire nation could get back on trac and in sinc with each other. I just dred the plastic age...

 

A completely different aspect of this whole equation is the fact that the Federal Reserve is making a fortune selling us their money and are a very big element in the control of the decisions to eliminate hard currency. We could probably get along just fine with a lot less oil, but those with the money make the rules... It would not be in the interest of the Federal Reserves private owners to relinquish their control of our lives You also bring up criminal activities, but do not mention that tacking hard currency is a large part of apprehension and evidence. I do agree that we could probably cut back a lot, esp. with the coinage, but I think any form of elimination will not occur with in my life time.

 

Before long, my weekly poker game will only allow cashless transfers. Since we can't show cash on the table, it is the perfect option.