(23-06-2022, 11:31 AM)undercoverhippycop Wrote: It's about wanting to know how you spend and what on. Even harder to get a loan if you eat and drink too much...
The bank rules in that sense did go a bit overboard, but one of the big problems we have is people spending frivolously then crying poor. I don't think it's unreasonable to ask borrowers to show that they have some ability to moderate non-essential spending (which they should be doing while saving for the deposit).
The data gathered by the eftpos usage just helps the retailers know what to provide. It's not personal.
(23-06-2022, 12:21 PM)undercoverhippycop Wrote: Yeah, I am thinking already of ways to get my dinners and washing done and the house kept clean once the cash is gone...
So you pay cash to your cleaner? So the cleaner doesn't pay their fair share of tax? But you both still use all the tax-paid benefits that society offers? And expect other tax-payers to pay for it?
That's what "they" quite rightly do want to stop "us" from doing. After having spent a lifetime of paying every dollar of tax I should, I have NO tolerance for the dodgers out there.
(23-06-2022, 12:56 PM)C_T_Russell Wrote: I hear lots of talk about bitcoin at the moment, isint that supposed to give people back their power from banks? Its not controlled by any banks.
Recent news about bitcoin and similar "investments" is that they are a very quick way to lose everything you have. They might be out of the banks' control, but are still subject to the value placed upon them at the time of exchange. You'd only want to spend money you don't mind losing.