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, whilecredit card companies have an up to the second record of how much people spend.
A society that conducts business transactions only via electronic means would allow the government to track each and EVERY person's spending habits and would make it impossible for people TO BUY OR SELL without the electronic means. Debit cards and credit cards will be a thing of the past because they can still be lost or stolen.
Radio-Frequency Identification technology already exists. Its implementation into society will be a gradual process that would include, firstly, those who desire it, secondly, those who don't desire it but feel like they need it to function in society, and lastly, those who wont accept and who will be discarded.
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