Why Cashless Welfare can be very wrong

Why Cashless Welfare can be very wrong
If your income is not fixed but variable, just how do you “budget” that?

A salaried worker will get a fixed pay cheque a month but those who do odd jobs such as collecting cans and boxes for recycling can never truly predict how much money they will make a month.

I saw some people say that JKM Pay prevents people from wasting the money on cigarettes, alcohol or, horror, drugs.

If you think like that I would first like to say, you should check your empathy tank as it seems to be running on empty.

This moralising about how the poor should spend their money is ridiculous and also part of the whole myth that the poor are that way because they chose to be.

It’s also why too many of us admire the rich and ascribe virtue to wealth due to this fantastical notion that wealthy people “worked hard” to get where they are.

Never mind that the average CEO salary has quadrupled over the years while the average Malaysian factory worker still earns what they did in the 80s.

The simple solution is really to just give poor people money. Yes, there will be some who will buy themselves a beer or a carton or two of cigarettes.

Read more

Go Further
1 2

The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.

Newsletter subscription

Top Ten Things To Know

The debate

How Cryptocurrencies and Cashless Economy are weakening people

Inequalities and danger for Freedom: The bitter taste of Cashless Economy

Despite all the payment solutions, Cash is still a rock

Mass Surveillance loves Cashless Society

Is Liberia becoming a Cashless Society?

Why your Money is at Risk in a Cashless Economy

Bank Run in Russia - Why cash is the best ally in time of crisis

Cashless hurts hard those who live on tips

Are you ready for Cashless Society?

Cahsless troubles: the San Diego example