I’ve heard that many people, especially younger people, just don’t use physical cash very much. They use debit cards and credit cards, and use functions such as Google wallet and PayPal.
Since so many just don’t ever use actual cash, they won’t mind if our government ever tried to phase out cash.
I always use cash at restaurants. Too many wait staff into identity theft.
There was a novel back in the 80’s about the aftermath of an American nuclear holocaust called ‘Warday’ that detailed the economic devastation caused by deflation when all that electronic cash is wiped out.
“Since so many just dont ever use actual cash, they wont mind if our government ever tried to phase out cash.”
That’s not true for all people that choose to use cards vs. cash. I use my Amex as much as possible with the points I accumulate (accumulating points only makes sense if you pay it off at the end of every month). I rarely use cash these days for that reason. Couple that with the ease of itemizing all of my purchases and being able to see what gets blown where, it’s a no brainer to use a card as much as possible.
However, that doesn’t mean I want to see the end of cash ... I always have a few dollars on me “just in case” ... I want things to stay that way as cashless is a horrible for reasons mentioned in the replies. If “forced” to choose cash or cashless, I’d be in the cash camp :-) ... still, that doesn’t mean I want to reap the benefits of “cashless”. A hybrid solution would work just fine for society in general I would think. Tyrants don’t like that, but screw them.
And then they'll be shocked when tyranny slaps chains on them.