Readers’ letters on the march of electronic payments, choice in super withdrawals, government spending, high energy costs, public ownership of nuclear plants, and WA’s battery subsidy.
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RBA governor Michele Bullock predicts that cash may disappear within a decade (“Cash may be gone in a decade: Bullock”), emphasising its long-term decline due to the efficiency of electronic payments and the rising costs of handling physical money. This is a good thing.
Australia should welcome a fully cashless economy to curb illegal activities and enhance tax collection.
