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DeSantis doesn’t like the Digital Dollar
His office tweeted this today:
The movement to establish a central bank digital currency is an attempt to surveil & control the finances of Americans. It would violate privacy, limit consumer choice & undermine market competitiveness. CBDC has no place in FL & we are proud to lead the fight against it.
The tweet had this graphic.
So what? some say. It’s all digital now anyways, who pays cash. This is different, and there’s absolutely no way it won’t be misused. You know exactly how it’ll go:
1. “Don’t worry, Cletus, you can still use your wadded-up dollar bills to buy your lottery tickets. If you like your cash, you can keep your cash.”
A few years and 247 WaPo / NYT editorials later:
2. “Actually, cash is bad, because criminals use it. Also, look how much more tax revenue we’d get with an all-digital currency, and that’s money that could be used for infrastructure and solving income inequality. Banks would prefer if you didn’t bother them with cash – it’s expensive, they have to hire tellers, buy machines to count it. So 20th century! So you have five years to trade it all in. P.S. Sorry, same thing with gold.”
Five years on:
3. “Enclosed is your monthly ESG expenditure statement, broken down by the professed identity (PI) of the business owners, compared with the percentages of each group in your city, in accordance with the Professed Identity Transaction Interaction Act of 2034. The information is provided for your own use and will not affect your credit score.”
And so on, and so on.
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Tina Fey was supposed to be funny?