I just got a letter from E-trade that says if I don't have some activity on my account soon that they will have to give the money up to the state. I had heard about this before because I read an article in the San Francisco Chronicle, Anguished tales of property taken by state. But in all honesty I wasn't worried, after all, I always have activity in my accounts. But I was wrong. I have this little modest account that I have that I decided to just leave in place and make a little interest on. A little rainy day account so to speak. Well needless to say, I'm just going to that account before the money gets confiscated by California. I wonder if they contact the beneficiaries on the account before they take it.
Did you ever think about how much you depend on technology for your banking these days? More online banking. ATMs are an amazing invention, but now we are moving further and further away from ever using cash. Will there come a time when some places will not accept cash? Is money real if we never see it? If we save our money, are we just setting ourselves up for someday having someone take it away in the middle of the night in an automatic transaction never to be seen again?
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