2007-10-31 22:53:24 · 8 answers · asked by Anonymous in Business & Finance ➔ Credit
No.
That would be impossible with are laws today. The reason in the US-Most States you can not buy a lottery ticket with a Credit or debit card. (Yes, some state allow you to purchase with a debit card if it is ran through as a pin transaction)
2007-11-01 15:41:38 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes, If it can be implemented properly step by step.
Please read my posting in Yahoo answers 8 months ago which is pasted below.
My posting 8 months ago in Yahoo answers.
I need your comments please ! I have a 8 point programme for a Corruptionless India?
1. Every citizen should be provided with a permanant account number
2. Cash transactions should be discouraged by printing money upto the denomination of Rs.100.00 only
3. All transactions above Rs.1000/- to be made through banks with dr/cr card, funds transfer, chq/dd or online payments.
4. All taxes (IT,ST,cess,ED,service tax etc.,) should be dropped. Only transaction tax of 1% on each bank transaction let it be debit or credit to be levied and automatically transferred to treasury a/c. (I think this will be sufficient to replace all the taxes)
5. Banks should maintain one a/c and give uniform interest.
6. If all taxes are dropped, somuch of paper work and filing of returns, maintainance,inspecting and scrutinising will vanish & the people used for this purpose can be utilised to do for more productivily
7. If cash transactions are discouraged, then corruption,black money etc. will fall to nil.
8. budget only for proper expenditure and need not worry abt income.
good luck
pnkmurthy@yahoo.com
http://www.geocities.com/pnkmurthy/lic.html
2007-11-01 01:25:47 · answer #2 · answered by toknowmore 4 · 0⤊ 1⤋
I use my debit card at the pump. But suddenly there's an outbreak of gas stations here that charge a much cheaper price if you pay in cash!
2016-04-11 07:29:53 · answer #3 · answered by Anonymous · 0⤊ 0⤋
a good dream. do u have any idea what is the percentage of people who are using crdit/debit cards and number of people who are literate enough to make use of a credit/debit card.
what u say is good, but not pratcital in our country.
2007-10-31 23:23:20 · answer #4 · answered by Anonymous · 0⤊ 0⤋
That just means every transaction will be vulnerable to error or security breech, not to mention that the payment processing industry is strangling small businesses.
2007-10-31 22:58:57 · answer #5 · answered by djnightgaunt 4 · 1⤊ 0⤋
No. You dont think there is credit card fraud and identity theft today?
Although, The Bible does say in revelations that in the end times, we will have a cashless society and a one-world governement... and we are headed in that direction.
2007-11-01 02:30:39 · answer #6 · answered by Mike 6 · 0⤊ 1⤋
No. It would just create a huge opportunity for even greater abuse from another source - institutional tracking of your every move.
2007-10-31 23:03:41 · answer #7 · answered by gunplumber_462 7 · 0⤊ 0⤋
Ya I think that is better way.............but corrupt people will make for themself out of this system........
2007-10-31 22:56:36 · answer #8 · answered by Anonymous · 0⤊ 0⤋