Electronic Money and Social Processes

Change is Mandatory and Destructive not to make it The current system of handling money has been in use for centuries, but it is now completely obsolete. The two main problems that exist are banks and cash. If cash were completely forbidden and only one world bank existed with all electronic accounts of all human beings, there would be numerous advantages. Firstly, money could always be flowing, which means that transactions could take place at any time, regardless of physical location. Secondly, governments should never need to collect taxes because all the operations in the system would be used to tax in lesser amounts depending on who the participants in the transactions are. This would greatly simplify the tax system, making it more efficient and less prone to errors. Another advantage is that the system would know what each entity is supposed to produce, allowing for more accurate accounting and planning. The system would also know who is selling and who is buying and tax the ...