Imagine a world of totally electronic banking, where cash has been abolished. How would you rob a person? Force them to buy you something at gunpoint? It wouldn't work anymore, would it?
2006-07-17 14:50:38 · 4 answers · asked by Tahini Classic 7 in Business & Finance ➔ Other - Business & Finance
Not really. They can just force you to transfer money to their account. While the idea is nice, there are going to be lots of groups against it because not every merchant can afford to "upgrade" to the new electronic system. There are plenty of people who can't afford to get the new banking so they would still pay with cash. Who is going to pay the extra cost? The government? They're already up to their eyeballs in debt and then people who claim they're "wasting" money with the new system instead of feeding them.
There would be strong opposition to any type of possible Big Brother type devices because they could be used to track people and criminals and others would try to use cash to get around the system. In other countries, there's no way they could afford to upgrade their economy to electronic, so cash would still be used.
Finally, you can just steal the actual goods and not the cash and it would be similar. Tons of non-cash theft happens these days.
2006-07-17 16:23:02 · answer #1 · answered by Arbitrage 7 · 2⤊ 1⤋
No, they'd think of something else to steal.
2006-07-17 14:53:36 · answer #2 · answered by Darby 7 · 0⤊ 0⤋
what about forcefully taking your car, your jewelry, your briefcase, etc.
yes, people can steal other things.
2006-07-17 15:05:44 · answer #3 · answered by more than a hat rack 4 · 0⤊ 0⤋
they force you for your ATM number.....cheeezzzzz!
2006-07-17 14:53:42 · answer #4 · answered by waterdancer 4 · 0⤊ 0⤋