This could even impact obamacare. In that, all of your spending will be in a giant database. You may be questioned as to how many times you went to McDonald’s last month, and be told to cut back. Ditto visits to.liquor stores, or any other activity deemed to be unhealthy by our bureaucrats.
I believe this Is a slippery slope.
I hit post too soon. I wanted to mention that in obamacare there are plans for wellness programs and incentives for same. So under the terms of a wellness regimen, you may be told you can’t get fast food or buy cigs or liquor or God knows what else.
If everything you spend money on is in the database, then get ready for data mining to sift out your “improper” choices.
That will come but the immediate utility of a cashless society is forced bail-ins for when the banksters, having given themselves titanic bonuses, have run their institutions into the ground and need your money to make them whole again. Effectively, it is just a giant suction hose the banksters can apply to your savings whenever they feel the urge.
Or you aren’t ALLOWED to spend money where they won’t let you.
“I’m sorry sir, I can’t take your pizza order, due to flags on your health profile. Do you want tofu sticks instead?”
They use Paypal, Apple Pay, etc. for almost all their transactions.
They don't own much - they rent everything: they lease apartments and cars, they finance their wardrobes and furniture, they rent music and entertainment through Netflix and iTunes.
People used to worry about chips being put in them, or constant video surveillance, their emails being read, etc.
Now people film themselves on Periscope, carry a tracking device as a fashion statement, and instead of emails they send messages on public social media.
Privacy is not a priority anymore.
This could even impact obamacare.