In a cashless society, there's no point in mugging and robbing, because people don't have untraceable items of value on the at all times.
In a cashless society, there's no point in mugging and robbing, because people don't have untraceable items of value on the at all times.
Let's just take an example of who is endangered... a 16 year old girl from a strictly religious family who had unprotected sex and needs Plan B. In a cash environment, she'll pay for it with her allowance, and her parents won't ever discover she had bought Plan B. In a cashless society, her parents can see the evidence by checking her bank account.
Also, un(der)documented / "illegalized" people literally won't have a way to survive, as their access to bank accounts may be revoked or the government demand a live feed of all transactions, which means that e.g. the police can be dispatched to a supermarket where that person just bought food.
IT (and politics) definitely needs ethics education, as all the tech bros and other hypers of "going cashless" never take into account who will be negatively affected by their ideas!
Playing devil's advocate: that's only if the payment and the product are linked. When I buy something at a pharmacy with a credit or debit card, all that appears on the card together with the value is the name of the pharmacy. Looking at the bank account does not reveal whether the item I bought was toothpaste or chocolate (yes pharmacies also sell chocolate here).
A lack of cash allowance can easily be explained by buying some soda or fast food, but a paper trail is harder to consistently explain away.
The only realist way to counter it is to stop charging VAT.
> In a cashless society, there's no point in mugging and robbing, because people don't have untraceable items of value on the at all times.
Because all the valuable items are digital and hackers can steal your money without meeting you in person.