stations today, Using these pumps saves time for the customer and saves money for the
business.
A third benefit of such a system is its potential to eliminate illegal monetary
transactions. Traffickers of illegal arms and drugs, dealers in black-market contraband,
and counterfeiters all rely on tangible currency to conduct their activities. By
eliminating hard currency, illegal transactions such as these would be much easier to
track and record. As a result, illegal monetary transactions could be virtually eliminated.
A related benefit would be the ability to thwart tax evasion by collecting tax revenues
on transactions that otherwise would not be recorded.
To sum up, I think it would be a good idea to convert current monetary systems
into a system of electronic accounts. The economic benefits, convenience and savings
afforded by such a system, along with the potential to reduce crime, far outweigh the
remote boss ??? at a significant social or political shift toward totalitarianism.
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