The government authorized establishment of a committee to examine ways to eliminate cash from the Israeli economy The government on Tuesday authorized establishment of a committee that will examine ways to eliminate cash from the Israeli economy - the better to prevent citizens from cheating on their taxes. The committee will be chaired by Harel Locker, director of the Prime Minister's Office. Cash is easily passed from individual to individual, and transactions using cash can take place without the tax man's supervision. Not so electronic transactions; with modern computers, banks can keep tabs on how much people deposit into their accounts and how much they withdraw, while credit card companies have an up to the second record of how much people spend. Members of the panel will include top staff from the Israel Police, the Tax Authority, the chairman of the Government Authority on Money Laundering and Terror, the Bank of Israel's income and payments director, State Attorney's office officials, and more. According to many of these officials, cash is bad - because it allows individuals to get out of their tax payment responsibilities. Today, an enterprising tax collector cannot easily compare income and outflow. While he may suspect that a person living beyond his reported means is cheating on his taxes, there is no way to know for sure, without solid evidence. In a cashless economy, all records will be electronic, and checking who makes what and how much they owe in taxes - and collecting it before it gets to their account - will be a much simpler matter, the theory goes. from: http://www.sott.net/article/266613-Worlds-first-cashless-society-Israeli-government-looking-into-doing-away-with-cash-altogether
_________________SI Moderator - Greg Gordon
A cashless society would also eliminate drug dealing. There are many good reasons to do away with cash and less and less reasons to keep it. I think many of us know where this may be heading..............bro Frank
I think many of us know where this may be heading..............bro FrankAbsolutely - one more reason why the bible is accurate for telling us things to come.One thing that troubles me is that in the time when it will be implemented there will be so many compelling reasons to get the mark of the beast that only those who are unreservedly submitted to God will have the guts to opt out.A minority of us will be shocked to see that the majority of what goes under Christianity will embrace it.
"What if tomorrow morning you got the daily newspaper and on the front page of the daily newspaper you saw these words written across there: "cashless society, all peoples have two months to make the transition to cashless society". Oh, it would be presented so beautifuly , so nicely and so wonderfully and inviting to all of us: 'That its so much easer to deal with all the terrorist and all of those things, that if we just went with a cashless society, and you do not need a credit card anymore. And all you need to do is, get a little mark in your wrist in your hand and maybe one on your forehead and everything is going to be alright and you got to months to transist into this cashless society'." (to refuse that mark will be Gelassenheit) — Denny Kenaston (Early Anabaptism) Gelassenheit—Complete Surrender http://www.sermonindex.net/modules/mydownloads/visit.php?lid=17838
"And ultimately, and we all know this, the mark of the beast will come, and you will not be able to buy or sell without it. Which means we will all come to poverty if not starvation. We need to change our mind about materilism ..." - Denny Kenaston(Early Anabaptism) The Approaching Wave of Persecution http://www.sermonindex.net/modules/mydownloads/visit.php?lid=17842