31–40 of 915 posts
Earlier quoted context omitted.
If you can't explain where it comes from. Otherwise, it's yours to do with as you please.
Why should anyone have to prove what’s in their pocket is theirs? Why not have police question people for wearing shoes that are a little too nice or seize expensive watches?
This one kinda makes sense to me. Can't really think of any good legitimate use cases for large amounts of cash. Closest I can think of say a bar or something similarly cash heavy getting cash and paying suppliers directly. (which is in itself problematic @ tax)
This law prohibits paying me for a month in cash.
Earlier quoted context omitted.
If you can't explain where it comes from. Otherwise, it's yours to do with as you please.
Get the boot out of your mouth. If cash is legal tender, then any amount is, by default, legal. This law makes it not fully legal tender (after amount X). It is disgusting. Stop pretending the government (any) has the “average” man’s best interest. Stop pretending they care.
The concept of what is and isn’t “legal tender” is pretty extreme in the US compared to many other places. E.g many (most?) countries routinely takes bank notes out of circulation and make them worthless. But this isn’t so much about whether is legal tender but more about KYC laws: your €20K is no good to me as payment for a car if my bank won’t accept it in a deposit without a lot of hassle.
> Stop pretending the government (any) has the “average” man’s best interest
I like my government. I believe it operates with the best interest of the majority in mind. Why would they not? I elected them? It doesn’t consist of shadowy bureaucrats with hard- to-decide motives as far as I can see. They usually make laws with public support and have to answer when making impopular laws. The whole “governments are universally bad” thing is sad. Are people accepting living in democracies they experience working so poorly that they believe government has its own - or worse someone else’s - best interest in mind.
Earlier quoted context omitted.
> Can't really think of any good legitimate use cases for large amounts of cash. Buying a car?
I can’t imagine a car dealer who would do anything but laugh if I bought a car north of €10k and suggested I wanted to pay in cash. I’m 100% sure they’d rather not sell the car at all. Same if I privately sold a car that expensive and the buyer showed up with cash. The hassle involved with depositing and withdrawing large amounts of cash due to KYC laws already makes this a no go. And for good reason imo.
Meanwhile money laundering through slot machines, hairdressers, car washes and other low transaction value covers remain entirely unaffected.
Earlier quoted context omitted.
If you can't explain where it comes from. Otherwise, it's yours to do with as you please.
Why should anyone have to prove what’s in their pocket is theirs? Why not have police question people for wearing shoes that are a little too nice or seize expensive watches?
Please, don't give them more ideas.
With inflation, “worker shortages”, and prices rising - 10,000 will soon become within reach for lots of normal people. Pushing them to NEED to use a profit driven banking system. Forcing them to be tracked. To have data mined and sold. To rely on “too big to fail” banking systems that practically schedule economic downturns every 20 years or so.
Profit driven, but available literally for free for an account and transfers (depending on the bank).
> To have data mined and sold.
GDPR says no.
> To rely on “too big to fail” banking systems that practically schedule economic downturns every 20 years or so.
We're talking about the EU here, not the US. There are a ton of challenger new banks.
It's a spreadng practice. Australia is introducing (or may have already passed?) a similar Act with an AU $10K limit on "unapproved" cash transactions. Over the limit you'll need approval. Of course the usual loophole for the weathy applies, 3x $3,000 face value gold bullion coins [1] is under the cash transaction limit, although at a kilo each and ~$88K per in valuae, that's almost $300K in value technically under a…