Subj : cbdc's in canada..
To   : Ward Dossche
From : August Abolins
Date : Wed Jul 12 2023 21:03:00

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
 * Origin: Stare into this point intently ->.<- (1:153/757.21)

.