291–300 of 915 posts
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I don’t think “need” is a good reason here or for anywhere else. You don’t need to pay for things in cash, you don’t need to make more money, you don’t need to play soccer. Etc.
What I mean is that for that sort of money, it would be somewhat strange to "want" to pay in cash. You wouldn't walk 200 miles on foot to go meet a friend when you had a car on the driveaway?
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It lifted my country as well as dozens of others out of developing world status. There's a huge delta in national wealth between post soviet nations who joined the EU and those that didn't for example. A rising tide raises all boats.
The eastern europe will lose the most in long run, because the EU caused a massive brain drain. For the west it’s just a matter of money. The demographic crisis in the east is real.
This is obviously the first part of a major push to force us to use Central Bank Digital Currencies. Now that they are banning cash, we will be controlled like never before. This is the beginning of the end of freedom.
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European here. The EU can go to hell and I long for the day when the union will finally implode.
Who do you think makes these rules and laws in the EU? Belgians? Reptilians? It's the elected by the people of each country and the appointed by those elected by the people of each country. EU is not a subscription provided by 3rd parties, EU is about coordination between the the European countries and any country can veto. That's actually why EU is considered slow and inefficient in some areas. If EU says no more ca…
Germany and France, mostly.
> European countries and any country can veto. That's actually why EU is considered slow and inefficient in some areas.
First of all, this is not true. There’s no single party veto on legislation. Secondly, the US states have an even more effective veto, which is just ignoring federal law, because nobody can force them to enforce it.
And having no single-party veto on legislation means that if you’re from a smaller EU country, you’ll never EVER have any meaningful impact on _anything_.
> If EU says no more cash payments over 10K EUR, that means all the member countries agree that no more cash payments over 10K EUR.
As explained before, nope. It’s true that there is single-party veto on certain things (admissions to the Union itself, the eurozone, or schengen, but not for legislation)
'By limiting large cash payments, the EU will make it harder for criminals to launder dirty money. ' Bizarre how the EU is penalizing everyone in order to 'make it harder for criminals to launder dirty money'. People pay taxes in order to have their bureaucrats serve them by creating a safe financial and social environment, not to have them assume everyone is a criminal/terrorist and greatly impede access to their as…
> Bizarre how the EU is penalizing everyone in order to 'make it harder for criminals to launder dirty money'. It doesn't affect anyone. No one in Europe uses cash for anything more expensive than maybe 200 euros. Of course in some countries like Sweden and the Netherlands no one uses cash any more at all, and almost all ATM machines have been removed. I believe cash-only places are now outlawed. The reason for this…
In my one visit to the Netherlands I had to use cash because small places wouldn't take Visa/MC because it was too expensive for them. They had no problem accepting cash tho.
Which Netherlands have you been to?
That'll go over well with Germans. Cold dead hands, prying, and whatever. Good luck.
Germany dislike credit cards and pay small sums in cash. Anything substantial is done by Überweisung/bank transfer and has been forever. I never had a cheque book in Germany.
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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.
>Stop pretending the government (any) has the “average” man’s best interest "Average" people don't pay >10k€ in cash. So this measure won't hurt average people and may stop some money launderers / frauders so no issue with it. And actually most EU countries already have lower limits.
A person with a down payment on a house.
…I can go on.
The point is this: casting this wide a net in the name of “fighting terrorists” is absolute nonsense, and not worth what would happen to a terrorist in this net: a few extra “10k money limit” charges… compared to the literal thousands of people this will inconvenience.
Anything a nation does in the name of fighting an enemy that is, in essence, a version of Lacan’s “objet petit a” - is a nation lying to its people.
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Let's be honest for a second. There are very few instances where a person would ever 'need' to pay for something over €10k in physical cash?
Horrible take. 10k is a pittance. Small business owners, farmers, people buying and selling vehicles, etc. It’s not a large amount of money. If you go down to the apple store and buy a couple well specced computers the bill is going to be over 10k.
Same with farmers. How many farmers living in this modern age are walking around with 10k in their back pockets? In the vast majority of cases, I would argue that people just use their bank account for such large payments these days.