The Anonymous Widower

Denmark’s Bank Robbers Count The Cost Of Cashless Society

The title of this post is the same as that of this article on The Times.

This is the second paragraph.

Figures from Finans Danmark, an industry association, show the number of attacks has collapsed in recent years as the shift towards online transactions has led many Danish banks to abandon cash services in branches. While there were 221 bank robberies in 2000, the number of hold-ups in Denmark fell to 121 in 2004, before declining to one in 2021 and none last year.

There were also no attacks on ATM machines.

Doing away with cash certainly cuts crime and it must be twelve years, since a Unite representative on Manchester buses told me he wanted cashless ticketing on Manchester’s buses and trams, as since it had been introduced in London, attacks on staff had declined dramatically.

I also wonder by how much the Income Tax take would rise?

January 3, 2023 Posted by | Finance | , , , , , , , | 1 Comment

Boris And A National Insurance Cut

This article on the BBC is entitled Boris Johnson Pledges Cut To National Insurance.

This is the introductory paragraph.

Boris Johnson aims to change National Insurance rules so workers will not have to pay it until they earn £12,500.

I can just about remember my first real pay packet.

  • I was 16 and it was only a vacation job from school.
  • It was notes and coins in a brown envelope.
  • I was working in a factory designing and building electronics to automate heavy machinery.
  • In the pay packet was a payslip, which included a small deduction for National Insurance.
  • I was a bit miffed at the deduction, as I wasn’t earning much.

What I like about Boris’s plan, is that so many of those employed in lower-paid jobs will now not see a deduction for Income Tax or National Insurance.

What reaction will that bring in those employed in those lower-paid jobs?

  • I doubt anybody would object.
  • It could be a powerful motivator, as they would keep more of the fruits of their labours.

It would also be a very difficult policy to reverse. Imagine a future government breaking the link between Income Tax and National Insurance!

November 21, 2019 Posted by | World | , , | 3 Comments