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Letter: Why I’m not banking on the benefits of a cashless society

Fully digitised spending may do more harm than good, argues reader
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Here's why a cashless society shouldn't be in our future, says NSN reader. (AP Photo/Wilfredo Lee, File)

Dear Editor:

Please tell me why we are becoming a cashless society?

I understand how convenient it is to simply tap to pay (and tap our paychecks away), and I also understand from a business owner’s perspective it is much easier to balance the day by eliminating cash.

I understand the safety issue of not having to carry cash. However it seems thieves can find other methods of stealing your money online - and not just pocket cash but entire accounts.

There is also the government’s argument that it will help prevent money laundering. Maybe so, but as a free Canadian l still should have the right to bury my money in my backyard.

The government, who is tracking every move we make, should instead focus on spending our money wisely and efficiently, rather than blowing it without remorse.

There are many banks popping up, and they all seem to be doing better financially than most of us. They are thrilled that we are becoming cashless and no longer respect money.

Can you imagine asking Johnny down the street to cut your lawn, and e-transferring him the money? He will have to pay GST and PST and income tax on his lawn cuttings. Why would he even bother? If Johnny does not see the cash, it will have very little impact, and Johnny will be even less likely to get off the couch.

Now we are eliminating cash altogether! This is a big mistake.

What about the homeless population who have no credit cards or debit cards or bank accounts. How will they survive? The homeless are reaching out for cash, but there wouldn’t be any.

Many people feel that if you give cash to someone less fortunate, it is better and more efficient than donating to a bureaucrat. It’s time to stop the government from taking even more control over our lives.

Jikky Middleton,
North Vancouver

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