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   CANACHAT      Canadian chat conference      1,128 messages   

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   Message 464 of 1,128   
   August Abolins to Ward Dossche   
   cbdc's in canada..   
   12 Jul 23 21:03:00   
   
   MSGID: 1:153/757.21@fidonet 0a5ec750   
   REPLY: 2:292/854 163e280b   
   PID: OpenXP/5.0.57 (Win32)   
   CHRS: ASCII 1   
   TZUTC: -0400   
   Hello Ward!   
      
   ** On Wednesday 12.07.23 - 16:55, you wrote:   
      
    WD> They're trying to do the same thing with the Euro. Get   
    WD> absolutely rid of paper money, make all transactions   
    WD> visible for the tax-collector and tax the shit out of   
    WD> everything, especially the tips of low-wage earning   
    WD> waitresses who are considered the worst tax-evaders.   
      
   Wasn't is Sweden (or was it Switzerland) that conducted an all-    
   digital trial for several months or up to a year, and it was     
   considered a failure and unfeasible in the long run?   
      
   I don't see all digital to succeed. What would happen during an     
   outtage when cell towers are down and the electrical system is     
   down?  How will people arrange to get supplies/food?   
      
   All digital will certainly be to the gov't/tax advantage.   
      
   Perhaps the resultant economy will be a mix of a country's CBDC     
   and one of the cryptos.  The public just has to embrace one of     
   the cryptos for "personal/private" transactions.   
      
      
    WD> The same universal story ... try to screw the small   
    WD> incomes and waive the big earners through.   
      
   I concur.  But there is more of us than the big earners.      
   Combined, the small earner incomes vastly out number the few     
   big earner incomes?  And of course, politicians park themselves     
   in the big earner category and would want to protect themselves     
   from scrutiny.   
      
   --    
     ../|ug   
      
   --- OpenXP 5.0.57   
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