Should we eliminate cash?
2) illegals would need papers to get a bank account with their names on them to buy and sell stuff
3) you would have to pay your workers with checks rather than cash.
Answers:
What would we put in our Piggy Banks? J/K, seriously that idea does sound like a good one given the three statements you gave after the question. Of course, it's easier for me to keep track of a greenback in my wallet than a receipt. Although it would probably be automated, you still need the hardcopy backup in case the system is hacked or crashes. It is an idea to ponder....
Eliminating cash altogether wouldn't help. Rather, it will create more problems. There is so mnay bounced checks, credit card frauds, money order mayhems etc. already prevalent on the Internet. You may, however, eliminate small coins like penny,nickel etc.
Well in my life almost everything I do with money is electronic and it works great for me, but in the real world there is so many things tied to it, at this point it would be impossible.
I would like to see better systems in place before it happened too. Like right now there are ways that could cut down on the credit card problems, but for various reasons they are not done yet.
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