- Richard Roose
- Spokane, WA
- United States
Reader & Writer, retired
The elimination of crime in the US by elimination of untracable "Cash" currency and going to an all-electronic financial system
We could do much toward alleviating our problems in this country by the elimination crime, which can be accomplished quite painlessly by simply eliminating traceless paper currency and going to an all-electronic system as many Americans have already done so. No criminal is going to take something that can be traced directly to him or her as any money transfer in an all-electronic would be traceable. Do you think any drug dealer is going to take plastic on the street corner in exchange for his drugs? Do you think that a street mugger would rip off a little old lady for a worthless piece (to him) of plastic? If you are worried about hackers and security, forget it. If the all-electronic monetary system were not as secure as humanly possible, the present world financial system would collapse tomorrow, as almost 100% of international money transfers are made electronically. The present cost of crime in America is approaching 1 trillion dollars a year. Can you imagine what half of that amount would accomplish toward improving our educational system?