Cash? Who Needs Cash?

Today, I realized that I don’t need cash anymore. I remember a time when I couldn’t buy anything if I didn’t have cash in my pocket, and credit cards weren’t invented yet. Then came the period when I got my first credit card, and I never used it because it was a high-interest loan. The next period in my credit card experience is the one I’m in now. Use the credit card as much as needed, but pay the whole thing every month. This period has been the best because I use the card to pay for everything and never worry about having cash in my pocket.

The only time I take a loan is when the total purchase is too large, like a house or a car. Whenever I take a loan of this type, I try to get one that charges zero interest if the loan is paid by a specific time. Then, I set the payment to be automatic from my checking account to avoid interest and penalties. If you haven’t figured it out yet, I’m a cheap bastard who hates to pay usury to banks and loan companies.

What makes me nervous is hearing talk about the government wanting to set us up in a cash-free system. I already use a cash-free system, and Uncle Sam only wants to get his sticky hands into my bank account. I’m sure he is scheming a new system of income re-distribution to help out his law-breaking allowance of foreigners into the country. These new people will break the back of the unions by accepting lower pay than law-abiding citizens, but they will also allow profit-thirsty companies to pay their employees lower wages. This makes me more nervous than hearing stories about artificial intelligence being used to eliminate jobs. Uncle has a plan for this, too. He will begin paying people who are unemployed by AI from something called Universal Basic Income. I never heard how this Universal Basic Income thing will be funded. We all know it will be by taxing somebody who still has money. Now, who would that be? My intelligence is not artificial, but I think I know that artificially intelligent machines will not be earning any money, but their owners, the companies who let all of us go, will be raking in the dough. The problem with that notion is who will pay for their products and services. Yes, you are right, the people who still have money. But, will there be enough people with money to support all the AI businesses? I have a vision in my non-AI brain of a German Shepherd chasing his tail, and another scene that shows an endless trail of non-AI unemployed people standing in line with a soup cup in one hand and an empty Universal Basic Income envelope in the other.

The liberals will argue that all we have to do to solve this dilemma is to import more child-rearing people from poor countries. What the Libs fail to understand is that when these hungry poor people get to Artificially Intelligent America, there will be no jobs for them, and if they do get jobs, the first thing they will realize is that they need to self-actualize, and you can’t do that by working and raising babies at the same time. That damn Shepherd keeps chasing his tail, and when he finally catches it, he has to spit it out.

One Response

  1. Your post raises a lot of thoughts which I will mostly keep to myself 🙂 I like the German Shepherd video; captures the theme nicely. Like someone said…the more things change the more they stay the same.

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