Why the fuck doesn't the Gov't come up with a debit card? - GoFuckYourself.com

SleazyDream · 05-22-2003, 08:06 PM

until a few years ago it was free to make a cash purchase - you used cash. Simple enough eh? the gov't paid the cost of printing the money and securing it against fraud and counterfit.

With cash becoming an online commidity - why isn't the Gov't stepping in and handling it? Debit cards are replacing cash - thus it should be GOV'T controlled and not privatly controlled. it should be FREE to use a debit card like it's free to use cash casue it's controlled by the Gov't.

Long term - without huge gov't controll over debit cards different banks will begin to devalue currency from non-favorable banks- via excessive fees. we're already starting to see it.

The debit card system of instantly transfering money needs to be Gov't run. FUCK THE BANKS - my money doesn't exist for their pockets.

ownerland · 05-22-2003, 08:10 PM

Great

m0rph3us · 05-22-2003, 08:14 PM

the gov't wants to see cash extinct. more people using debit/credit cards = more tracking/tracing = more big brother = more control = less tax evasion.

BRISK · 05-22-2003, 08:18 PM

I live in Australia. It's free for me to use my debit card. They don't charge me anything on any transaction.

SleazyDream · 05-22-2003, 08:23 PM

Quote:

Originally posted by BRISK
I live in Australia. It's free for me to use my debit card. They don't charge me anything on any transaction.

IN CANADA with the interac system it's free to use for purchases- costs the merchant something like $0.33 per transaction though... plus th ephone line ans unit rental.

not on cash withdrawl though........

ZoiNk · 05-22-2003, 08:34 PM

Quote:

Originally posted by SleazyDream

IN CANADA with the interac system it's free to use for purchases- costs the merchant something like $0.33 per transaction though... plus th ephone line ans unit rental.

not on cash withdrawl though........

Depends on your monthly payment plan, If I go over my "limit" of debit transactions I am charged $0.40 each time I use it at a merchant. Seem limits as low as 10/month. I think my current one is 40/month. (And yes, I do go over it at times).
ZoiNk

KRL · 05-22-2003, 08:47 PM

The problem is the underground cash economy in the United States is too enormous to eliminate it. The IRS now estimates over $1 Trillion in income is derived from unreported cash and barter type transactions. A lot of people benefit from a cash economy that have the political clout to keep things as is.
Disrupting that segment of the economy would create massive economic chaos in the entire world's financial markets.

SleazyDream · 05-22-2003, 08:49 PM

Quote:

Originally posted by KRL
The problem is the underground cash economy in the United States is too enormous to eliminate it. The IRS now estimates over $1 Trillion in income is derived from unreported cash and barter type transactions. A lot of people benefit from a cash economy that have the political clout to keep things as is.
Disrupting that segment of the economy would create massive economic chaos in the entire world's financial markets.

ummm - when did i say cash was going to be eliminated???????

detoxed · 05-22-2003, 08:52 PM

I've had debit cards for 6 years, never paid to use it, get a new bank

PostWhore · 05-22-2003, 09:25 PM

Quote:

Originally posted by m0rph3us
the gov't wants to see cash extinct. more people using debit/credit cards = more tracking/tracing = more big brother = more control = less tax evasion.

thats right

eventually all the governments will try to get rid of cash, and make up some credit form or some shit in order to trace all the money in the country

back to communism...

UnseenWorld · 05-22-2003, 09:33 PM

Quote:

Originally posted by SleazyDream

IN CANADA with the interac system it's free to use for purchases- costs the merchant something like $0.33 per transaction though... plus th ephone line ans unit rental.

not on cash withdrawl though........

That's interesting. I'm sure there are costs associated with that system, and it's FREE! How, I wonder, do they prevent the merchants from burying that cost in the cost of the merchandise?

The answer is, they don't...which means YOU are still paying it.

foe · 05-22-2003, 09:33 PM

Quote:

Originally posted by PostWhore

thats right

eventually all the governments will try to get rid of cash, and make up some credit form or some shit in order to trace all the money in the country

back to communism...

So ignorant, what does communism have to do with tracking money?

nocostporn · 05-22-2003, 09:35 PM

I don't like the idea of the government having DIRECT access to my money...call me a terrorists I dunno

Ironhorse · 05-22-2003, 09:36 PM

Interesting idea, but you probably don't want the government controlling your financing do you?

PostWhore · 05-22-2003, 09:37 PM

in USSR, they did not pay money to the people, they gave them tickets and credits, in order to keep everyhting under control (you did not have to even pay taxes, because it was all already taken)

same thing is idea about not having money and having cards with numbers on them

so ignorant open your eyes

Quote:

Originally posted by foe

So ignorant, what does communism have to do with tracking money?

05-22-2003, 08:06 PM	#1
SleazyDream I'm here for SPORT Industry Role: Join Date: Jul 2001 Location: Phone # (401) 285-0696 Posts: 41,470	Why the fuck doesn't the Gov't come up with a debit card? until a few years ago it was free to make a cash purchase - you used cash. Simple enough eh? the gov't paid the cost of printing the money and securing it against fraud and counterfit. With cash becoming an online commidity - why isn't the Gov't stepping in and handling it? Debit cards are replacing cash - thus it should be GOV'T controlled and not privatly controlled. it should be FREE to use a debit card like it's free to use cash casue it's controlled by the Gov't. Long term - without huge gov't controll over debit cards different banks will begin to devalue currency from non-favorable banks- via excessive fees. we're already starting to see it. The debit card system of instantly transfering money needs to be Gov't run. FUCK THE BANKS - my money doesn't exist for their pockets. __________________ This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog! Now read without the word dog.

05-22-2003, 08:18 PM	#4
BRISK Too lazy to set a custom title Join Date: Feb 2003 Posts: 12,240	I live in Australia. It's free for me to use my debit card. They don't charge me anything on any transaction. __________________ I post on GFY so that when people ask me what I do, I can tell them that I work with the mentally retarded.

05-22-2003, 08:47 PM	#7
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	The problem is the underground cash economy in the United States is too enormous to eliminate it. The IRS now estimates over $1 Trillion in income is derived from unreported cash and barter type transactions. A lot of people benefit from a cash economy that have the political clout to keep things as is. Disrupting that segment of the economy would create massive economic chaos in the entire world's financial markets. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

05-22-2003, 09:35 PM	#13
nocostporn Confirmed User Join Date: Mar 2002 Location: Maryland Posts: 5,228	I don't like the idea of the government having DIRECT access to my money...call me a terrorists I dunno __________________ CashTheChecks.com -coming soon- "Exclusive sites for Exclusive Webmasters" ICQ-119966868,add me first don't message

05-22-2003, 09:36 PM	#14
Ironhorse Pixel Pusher Industry Role: Join Date: Nov 2002 Posts: 7,093	Interesting idea, but you probably don't want the government controlling your financing do you? __________________ [email protected]

05-22-2003, 08:10 PM	#2
ownerland So Fucking Banned Join Date: Mar 2003 Posts: 153	Great

05-22-2003, 08:14 PM	#3
m0rph3us Confirmed User Join Date: Mar 2001 Location: Principality of Sealand Posts: 2,033	the gov't wants to see cash extinct. more people using debit/credit cards = more tracking/tracing = more big brother = more control = less tax evasion.

05-22-2003, 08:52 PM	#9
detoxed vip member Join Date: Jan 2003 Posts: 17,798	I've had debit cards for 6 years, never paid to use it, get a new bank