421–430 of 915 posts
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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?
Why does it matter what I "need"? Why is it any of your business what I do with my money? I should have the right to spend it how I want, it's mine.
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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.
I very much doubt there are money people that walk into an apple store with 10k in their back pocket to pay for some computers. 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.
Greater international freedom for private interests as a consequence of globalisation and digitalisation has grown significantly over the past few decades and represents a keen threat to our democracies. Some of those that profit the most and can afford to pay the most, utilise their new found freedoms to avoid paying as much as possible. This leaves democratically elected governments as hollow shells only able to ef…
If private interests can't operate outside the country's border, then these people have the money to simply manipulate the media, the politicians and therefore the policies and democracy itself to suit them.
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> It doesn't affect anyone. No one in Europe uses cash for anything more expensive than maybe 200 euros. Sold a used car just last year, got 2700€ in cash for it. Much easier than doing a bank transfer (which takes 1 day to arrive, if you're unlucky, and can be rolled back), or a paypal transfer (which can be undone) or anything else between to individuals. For b2c or b2b I agree, nobody pays that much in cash, but f…
I sure wouldn't want to risk discovering I'd been paid in high-quality counterfeit notes. Accepting 2700€ cash feels insane to me. In Europe do you not have cashier's checks? That's what we use in the US for something like a used car, since most people don't want to carry around a car's worth of cash, even for a short period of time. You go to the bank, and get a check drawn on the bank for the amount. The person rec…
However I have received them from HMRC for refunds.
'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…
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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?
Never bought a secondhand car have you?
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Cash is king. If you are buying a non running classic car and have a tow vehicle and trailer ready you can drive a hard bargain in the moment. Suggesting laborious bureaucratic transactions over several days removes this common occurrence in that world, along with at many other gatherings of specialists - antiques, pedigree animals, whatever
"Cash is king. If you are buying a non running classic car and have a tow vehicle and trailer ready you can drive a hard bargain in the moment." If I send a 10k payment to someone via bank transfer it's in their bank account in 10 seconds. Maybe you live in a country where there are much harsher restrictions?
I know someone in England who paid for their houses construction by going to an ATM and maxing out the cash withdrawal per card, putting the cash in a bin bag, and giving it to the builders on a daily basis. I don't believe it'd be realistically possible to stop this from occurring.
Repeatedly taking out the daily limit seems like it would attract some additional attention.
Then again, my ATM withdrawals are in another country, so maybe it's treated differently since it looks like a remittance.
'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'. Just imagine one criminal say's to another: Sorry i cant take those 15k euros, it's illegal didn't you know that???
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.
You don’t need CBDC, just the existing system today. Here in the UK something like 3% of money is available as paper cash. The rest is just a row in a database. Assets are zero sum - if i sell you my car, i no longer have that asset. Money is not zero sum. It is created and destroyed as loans are made and repaid. Which kinda frazzles people’s minds when they hear it. I know it certainly did mine when i first learned.…