Re: DoubleR Discount

From: Tony (News_at_somewhere.com)
Date: 01/23/05 

Date: Sun, 23 Jan 2005 09:44:29 -0000

<n4mwd.dont.spam.me@amsat.org> wrote in message
news:41f2d23a.380495@newsgroups.bellsouth.net...
> "Tony" <News@somewhere.com> wrote:
>
>> Don't see what's wrong with notes myself.
>
> Its easier for the .gov to track what you are up to when everything is
> done electronically. That's why they are pushing people to electronic
> transactions.
>

I read that as being a bit paranoid :-! In our case, I can't see the
government pushing for things like this - its the card companies and the
retailers. The retailers like the idea of everyone using cards - whether
its auto debiting accounts or just debiting the cash store on the card - as
it costs them a lot of money to handle the cash, more so than paying a
commission on card transactions. We are always asked if we want cashback on
a transaction - pay for the goods and then the retailer gives us cash too.
The less paper/coins they have to bank, the cheaper it is for them - they
get a derisable discount on their commission paid and have less cash to
bank.

I take your point a little bit though - when I lived in Oz, I had some large
sums flying back and forth from the UK and Oz and was asked why by the
revenue services in the UK - I've also been asked by our customs and excise
service why I've had large amounts sitting in UK current accounts. I didn't
see anything sinister in either of these situations - they are chasing
possible tax evasions.

To go back on topic, I am glad to see companies such as this receiving the
press it sounds they deserve - one thing usenet is good at.

Tony

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