Writing Assignment:
“Cashless Society”
By:
Zeresh King
&
Latonya Mason
GE 274 ? Macroeconomics
Mrs. Cescolini
5/10/08
Reference:
Printed Sources
Book
Miller, Roger LeRoy. 2008. Economics Today The Macro View, 14th Edition: Pearson Education, Inc.
Electronic Sources
Journal Article from a Database
Real Clear Politics, Articles: The Cashless Society Has Arrived, By: Robert Samuelson, http://www.realclearpolitics.com/articles/2007/06/the_cashless_society_has_arriv.html.
Cashless Society ‘Inevitable;’ a Boost to Globalist Taxers?, By: Wes Vernon, NewsMax.com, Saturday, June 29, 2002. http://www.archive.newsmax.com/archives/articles/2002/6/28/181711.shtml
“Fuelling the growth of prepay cards is essential to realising our vision of a truly cashless society.”
Phil Davies quotes
An environment that has no cash, where is it? How do we get it for what we want and need? Where it is in the banks and other electronic banks and systems, and how to get it would be through credit/debit cards and other electronic transactions. Will taxes be withdrawn from those same accounts? How much and will there be a lower rate? “These and other questions enter the mix in the discussion of “a world without money.” As in all things, “the devil is in the details.” Advocates of free enterprise and low taxes are convinced they need to get in on the ground floor of the debate.” The debate on how all this will be possible and what laws will be to be in place.
While it is up for debate a cashless society is being created slowly but surely. “From 1999 to 2005, the number of card-swiping terminals nearly tripled to 6.8 million, says the consulting firm ...