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To: Frank Pembleton who wrote (72869)7/5/2001 3:53:30 PM
From: Zardoz  Read Replies (1) | Respond to of 116834
 
eliminate counterfeiting and money laundering.

Then why not just eliminate money? Place a chip in every ones' hand or forehead, and give then a mark.. so that he or she that doesn't have such mark can't buy or sell. {wait I've heard this somewhere before} hmmmm

Hutch
greaterthings.com



To: Frank Pembleton who wrote (72869)7/5/2001 4:18:05 PM
From: Horgad  Read Replies (1) | Respond to of 116834
 
As governments increase taxes, citizens start creating more and more cash based markets. Goods and services are traded under the radar. Socialistic, high-tax countries are plagued by the stealth markets that keep cropping up and growing. Being able to track paper money, would be a huge step forward for governments in trying to squash markets that threaten their tax revenues.

If some currencies start being tracked, the stealth markets will rotate to untracked currencies until there are none left and then they will rotate to gold or some other suitable untrackable commodity.

The governments will tell you that it is all about counterfeiting and money laundering, but if you will open your mind you will see that it is all about freedom. It is about having the freedom to not pay taxes in a country that takes too much and gives back to little.

Of course, there are some people who feel that the government is always right and anybody who disagrees is a criminal and thus the government starts down the slippery slope that leads to ???.



To: Frank Pembleton who wrote (72869)7/5/2001 4:24:16 PM
From: long-gone  Read Replies (2) | Respond to of 116834
 
Should every expenditure of each of us be available for the view and of the review by some faceless nameless Government bureaucrat? This is a very slippery slope. When the government sees exactly how much each of us spend it is only half a step for them to know and regulate how much spend and save and where and how and... . Is that really the way you want life?

The gathering of information is not the problem, the problem is preventing abuse of that information once gathered.