Monday, January 14, 2013

Bye bye cash in Europe

A statement and a few questions. Cash transactions in Europe are about to be limited to 500 Euros, you cannot pay your rent with that and can barely make your car payment. Think abut that, you will be required to pay your rent electronically. Think about how much information you are giving up to the cloud, to the electronic trail that you leave behind. In Sweden it will be all your information as they are going completely cashless and if you think you can just write a check. Nope, I previously reported how Britain was eliminating checks in two years, I believe.

etathimerinie.com - Cash transactions ceiling is set to drop to 500 euros. This is from a Greek website.

Wired - The Internet of Things Has Arrived — And So Have Massive Security Issues. I have already written on this. It is now the reason that your biometrics will be necessary to access the internet. You wouldn't want someone turning on and off your appliances remotely, now would you?

Did you read this one? Wired - In the Coming Age of the Connected Home, Your Phone Will Be a Magic Wand
. It is from today and something I continually write about. First it will be your phone and then your face alone and someone else's phone. All you Harry Potter fans will love having a magic wand that makes everything work the way you want.

Fox News - Watchdog calls tax code 'unconscionable burden,' asks Congress to reform system. Here is a conservative web site calling for an end to all deductions, who are they are trying to take advantage of? Here is my description of fairness, tax everyone at the same rate with no deductions; but, tax all income, not savings, income.

While I personally do not believe in a high amount of inherited income, I can live with it. Whether one makes their money from work, inheritance, stock or anything else, tax it all at the same rate. If you make a lot or a little tax it at the same rate; but, not if you make less than the poverty level and don't tax welfare or social security, we set the amount, just set it lower. I am against the sales tax, tax the income and leave it at that. Tax us as we benefit from the system and don't tax those who don't.