A World Without Cash
Scott Adams imagines one:
When you eliminate cash, you also eliminate a lot of crime.Criminals need cash to stay off the radar. In a cashless world, drugdealers and crime syndicates could try to set up fake businesses tolaunder their revenues, but it wouldn’t work. Imagine setting up a fakedry cleaner, for example. The government could easily determine whetherthat business is buying the type and quantity of dry cleaning suppliestypically needed, and whether the profit margins are at industry norms.All of that information would be available through the tax records. Adrug dealer could pretend to be a consultant, but even then you expecta digital trail for buying printer ink, business travel, and the like.Perhaps the drug dealer’s address and educational level would betip-offs too.
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