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EU-wide maximum limit of €10K for cash payments

consilium.europa.eu

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Re: EU-wide maximum limit of €10K for cash payments

#511

Post by rootusrootus »

Teandw wrote: post #403
bakugo wrote: post #385

Earlier quoted context omitted.

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.

It's not your money. It's partly mine and everyone else's in the country. Just like my money is partially yours. It's my business that you're paying your way in society in a correct manner so that I and others can benefit as part of a collective. (Not that it's always fair but that's a different argument.)

Ah, so that's why the cops figure that having more than a few hundred in cash means it's partly theirs. Well, not partly, they generally seem to think is completely theirs.

Re: EU-wide maximum limit of €10K for cash payments

#512

Post by rootusrootus »

Teandw wrote: post #426
joecool1029 wrote: post #338

Earlier quoted context omitted.

Never bought a secondhand car have you?

I'm not sure in a modern society why I would pull out $10k from my bank account to then pay a person $10k cash for a second hand car, so the answer is no.

Yeah this is pretty much the reason cops seize money from unbanked people who try to use their life savings to buy something decently expensive. Because who could possibly be dealing in that amount of cash legitimately, it must be criminal.

Re: EU-wide maximum limit of €10K for cash payments

#513

Post by rootusrootus »

expazl wrote: post #394
AHappyCamper wrote: post #225

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.

Where I live people in my generation have been primarily cashless at least the last quarter of a century, and yet we still significantly outrank the US in the freedom indexes, which isn't exactly a high bar these days, but still serves to underline that the typical American centrist argument that using primarily paper cash somehow improves freedom is wrong.

I'd be interested to see what freedoms you think you have that don't exist in the US. This is such a popular thing to say that I imagine it can be easily described.

Re: EU-wide maximum limit of €10K for cash payments

#514

Post by Teandw »

b112 wrote: post #484
Teandw wrote: post #386

Earlier quoted context omitted.

"Bizarre how the EU is penalizing everyone in order to 'make it harder for criminals to launder dirty money'." This likely affects a number of people that is so small, that it's irrelevant. Not sure it makes sense to say that such a law that effects a tiny number of individuals is penalizing everyone.

This likely affects a number of people that is so small, that it's irrelevant No. Just no. Rights are not a for-profit balance sheet, such as when Google support provides crappy service, or ghosts you, in the name of profit. Rights are rights. Entrenched, untouchable, everlasting. And each loss affects us all, for the next right taken, is from you. Telling people they must use private enterprise, a third party and pa…

The problem with your thinking there is that you're making an assumption that removing rights is automatically a bad thing or a loss that affects us all, which is quite simply not true.

Removing rights can be a good thing.

Shall we bring back the right to have slaves? Shall we bring back the right to murder those we don't like? Removing those rights from people has only made the world a better place.

As you say, rights are rights.

Re: EU-wide maximum limit of €10K for cash payments

#515

Post by macNchz »

olivermarks wrote: post #363
CosmicShadow wrote: post #351

Earlier quoted context omitted.

I'm still not sure who buys a car that expensive with cash, seems sketchy, inconvenient and unsafe. I wouldn't take cash if someone wanted to pay me that much, in fact someone did, they paid me for a contract with $5000 in used 20s and it was really fucked up, I didn't know how to get it into a bank or use it for anything without setting off alarms.

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

I bought a somewhat rare car with cash several years ago. The seller had a buyer lined up across the country (and showed me evidence), but said that if I could bring him cash he’d sell it to me instead. I went to the bank, brought him an envelope of $100 bills, and it was mine.

Re: EU-wide maximum limit of €10K for cash payments

#516

Post by mschild »

moritonal wrote: post #486
matkoniecz wrote: post #441

Earlier quoted context omitted.

> No one in Europe uses cash for anything more expensive than maybe 200 euros. That is absurd. People regularly pay for things like new computer with cash. And family member was buying a flat recently - seller wanted cash, so transaction took place in a bank. Cash was withdrawn (around 90 000 euro?), exchanged when sale was notarized and deposited. As I understand, this would not be legal anymore?

Hol up, the buyer wanted cash for buying a flat? And no-one saw anything fishy in that? Really sounds like your family member accidentally helped launder money.

It's a perfectly legal way to buy a property in Germany. Of course this gets abused to launder money because you can also buy a house worth a million in cash.

Re: EU-wide maximum limit of €10K for cash payments

#517

Post by mxscho »

b112 wrote: post #484
Teandw wrote: post #386

Earlier quoted context omitted.

"Bizarre how the EU is penalizing everyone in order to 'make it harder for criminals to launder dirty money'." This likely affects a number of people that is so small, that it's irrelevant. Not sure it makes sense to say that such a law that effects a tiny number of individuals is penalizing everyone.

This likely affects a number of people that is so small, that it's irrelevant No. Just no. Rights are not a for-profit balance sheet, such as when Google support provides crappy service, or ghosts you, in the name of profit. Rights are rights. Entrenched, untouchable, everlasting. And each loss affects us all, for the next right taken, is from you. Telling people they must use private enterprise, a third party and pa…

> everlasting

There are many non-constitutional rights (such as this one) that are not everlasting and laws can also be adapted.

I really don't understand the value of your post as it sounds like speculation based on wrong preconditions.

Re: EU-wide maximum limit of €10K for cash payments

#518

Post by _-david-_ »

ilyt wrote: post #213
_-david-_ wrote: post #143

Earlier quoted context omitted.

Here is an easy one. Paying for food when there are power outages.

10k for food ?

The person I was responding to said large sums, not 10k specifically. This bill/rule thing allows member states to have an amount lower than 10k.

If there are prolonged power outages or some sort of disaster, prices will increase for food. Don't forget with the amount of inflation we have also increases prices for food.

Some people like to buy canned food or other food that lasts in bulk to get lower prices.

Re: EU-wide maximum limit of €10K for cash payments

#519

Post by yardstick »

p1esk wrote: post #489
Teandw wrote: post #386

Earlier quoted context omitted.

"Bizarre how the EU is penalizing everyone in order to 'make it harder for criminals to launder dirty money'." This likely affects a number of people that is so small, that it's irrelevant. Not sure it makes sense to say that such a law that effects a tiny number of individuals is penalizing everyone.

Even if no one is affected today it does not mean many won’t be affected tomorrow. What if your government decides to take all your money from you for no good reason?

Let’s assume that there was no cash limit, a malicious government could still achieve the same result by changing the currency or even just issuing new notes and instructing banks not to accept old notes.

I guess you would have an underground economy for a while by those that are willing to be old-cash only, but good luck paying tax and other items that require the new currency/notes.

Re: EU-wide maximum limit of €10K for cash payments

#520

Post by ETH_start »

Teandw wrote: post #456
ur-whale wrote: post #444

Earlier quoted context omitted.

> This likely affects a number of people that is so small, that it's irrelevant. Citation required.

No citation needed. It doesn't take much brain power to know that certain things are or aren't likely. It would be like asking me to prove that not many people have done the calculation of 15435 divided by 12.5 in their life. I can just tell you from basic logical thinking, that it's not likely that many people have.

€10K is not that much.
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