TSA’s “See cash, seize cash” policy
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TSA’s “See cash, seize cash” policy
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Re: TSA’s “See cash, seize cash” policy
#2All governments want cashless economies. They make it easier to track money, collect taxes, keep an eyes on the populace, etc. India did it by invalidating all large-denomination bills. China did it by limiting ATM withdrawals. United States is doing it in the most American way possible. Literal highway robbery!
Re: TSA’s “See cash, seize cash” policy
#3All governments want cashless economies. They make it easier to track money, collect taxes, keep an eyes on the populace, etc. India did it by invalidating all large-denomination bills. China did it by limiting ATM withdrawals. United States is doing it in the most American way possible. Literal highway robbery!
People, generally, want to be able to pay electronically too. It is very convenient.
Re: TSA’s “See cash, seize cash” policy
#4All governments want cashless economies. They make it easier to track money, collect taxes, keep an eyes on the populace, etc. India did it by invalidating all large-denomination bills. China did it by limiting ATM withdrawals. United States is doing it in the most American way possible. Literal highway robbery!
People, generally, want to be able to pay electronically too. It is very convenient.
That is an unrelated thought: the world can slowly come to hardly ever use cash--or even achieve universal cashless-ness--without the continued existence of cash being actively discouraged by the government.
Re: TSA’s “See cash, seize cash” policy
#5All governments want cashless economies. They make it easier to track money, collect taxes, keep an eyes on the populace, etc. India did it by invalidating all large-denomination bills. China did it by limiting ATM withdrawals. United States is doing it in the most American way possible. Literal highway robbery!
If the US government actually wanted to (mostly) eliminate cash, they could just stop printing currency, and wait for what's in circulation to wear out. That would take about 23 years [0]. As it is, though, only about 8% of all USD exists in physical form [1], anyway, making the USD largely a digital currency already.
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[0]: https://www.federalreserve.gov/faqs/how-long-is-the-life-spa...
Re: TSA’s “See cash, seize cash” policy
#6All governments want cashless economies. They make it easier to track money, collect taxes, keep an eyes on the populace, etc. India did it by invalidating all large-denomination bills. China did it by limiting ATM withdrawals. United States is doing it in the most American way possible. Literal highway robbery!
If the US government actually wanted to (mostly) eliminate cash, they could just stop printing currency, and wait for what's in circulation to wear out. That would take about 23 years [0]. As it is, though, only about 8% of all USD exists in physical form [1], anyway, making the USD largely a digital currency already. --- [0]: https://www.federalreserve.gov/faqs/how-long-is-the-life-spa... [1]: https://money.howstuff…
That would be reported by the news and people would care. Whereas here we get this reaction: "they seized his money and say he is suspected of being a drug dealer, well then i have nothing to worry about - i am not a drug dealer."
Re: TSA’s “See cash, seize cash” policy
#7Can't get paid more than 1500 in cash in France. 2000 Pounds is "a lot of money" to exchange in the UK. The limits are suspiciously higher if you're well dressed and stepping out of an expensive car or moving millions. Tells you how pathetically poor the poor really are.
Re: TSA’s “See cash, seize cash” policy
#8Earlier quoted context omitted.
If the US government actually wanted to (mostly) eliminate cash, they could just stop printing currency, and wait for what's in circulation to wear out. That would take about 23 years [0]. As it is, though, only about 8% of all USD exists in physical form [1], anyway, making the USD largely a digital currency already. --- [0]: https://www.federalreserve.gov/faqs/how-long-is-the-life-spa... [1]: https://money.howstuff…
That would be reported by the news and people would care. Whereas here we get this reaction: "they seized his money and say he is suspected of being a drug dealer, well then i have nothing to worry about - i am not a drug dealer."
Eh, people would care for about 5 minutes, just like everything else. Remember when basically every American adult with a credit history had their entire credit files stolen? How many people do you hear talking about that now?
Re: TSA’s “See cash, seize cash” policy
#9Earlier quoted context omitted.
People, generally, want to be able to pay electronically too. It is very convenient.
That is an unrelated thought: the world can slowly come to hardly ever use cash--or even achieve universal cashless-ness--without the continued existence of cash being actively discouraged by the government.
I agree, although I do not think civil asset forfeiture is specifically used to discourage the use of cash and incentivize people to go electronic, or at least it was not designed with that motive.
Civil asset forfeiture is a power trip by the government that neither political party wants to touch, and it does a great job at reducing trust in the US's governing bodies. When I was a kid, I thought that kind of low level brazen corruption only happened in poorer or less developed countries. Now I get to see my countrymen doing it and admitting to it on video, year after year.
Re: TSA’s “See cash, seize cash” policy
#10Earlier quoted context omitted.
If the US government actually wanted to (mostly) eliminate cash, they could just stop printing currency, and wait for what's in circulation to wear out. That would take about 23 years [0]. As it is, though, only about 8% of all USD exists in physical form [1], anyway, making the USD largely a digital currency already. --- [0]: https://www.federalreserve.gov/faqs/how-long-is-the-life-spa... [1]: https://money.howstuff…
That would be reported by the news and people would care. Whereas here we get this reaction: "they seized his money and say he is suspected of being a drug dealer, well then i have nothing to worry about - i am not a drug dealer."
Works even better in the EU. 20K in cash on an economy flight? Criminal! No other way. No way you saved up all of that, you poor pos!