Phat writes:
I do not want a government meddling in my personal life nor my personal finances.
Sounds very reasonable - I agree.
So, what specifically are we afraid might happen that's different from now if we move to a CBDC?
I see your columnist writes:
CBDCs Are About Control - They Should Be Stopped Columnist writes:
A CBDC would give federal officials full control over the money going into–and coming out of–every person’s account.
But... I don't see how that's any different from what we have now.
That is - the government already has full control over the money going into - and coming out of - every person's account.
Haven't you ever heard of the IRS "locking" or "freezing" someone's account? This is the government exerting their control. This level of control
already exists in the system we have right now.
If this (something that already exists) really is the worst thing this columnist and you are afraid of - it sound more like fear-mongering (making something look bigger than it really is) than an actual concern.
My question is: What is the difference between locking/freezing an account now vs. locking/freezing an account using a CBDC? According to what you quoted - there
is no difference at all. But feel free to take this time for further investigation and to bring more information forward.
I wouldn't want someone controlling my finances either. But, so far, you haven't described anything within CBDCs that's different from the system we're using right now.