Earlier quoted context omitted.
It's to phase out cash. Can't be a good citizen unless every transaction is logged and monitored!
It's a promotion of barter. (I understand in this tree the '/S' is taken for granted.)
EU-wide maximum limit of €10K for cash payments
661–670 of 915 posts
Re: EU-wide maximum limit of €10K for cash payments
#662Re: EU-wide maximum limit of €10K for cash payments
#663Earlier quoted context omitted.
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
#664Earlier quoted context omitted.
For people not familiar with Canadian politics, this summary missed some important nuance. Bank accounts were frozen for some people who donated money to support an illegal occupation of part of Canada's capital city, Ottawa. The occupation was a mix of people protesting COVID measures and others demanding that Justin Trudeau resign. https://www.cbc.ca/news/politics/emergency-bank-measures-fin...
>Bank accounts were frozen for some people who donated money to support an illegal occupation of part of Canada's capital city, Ottawa. Were they a designated criminal group at the time of donation? It seems strange to go after the donors rather than freezing the bank accounts of the recipients. The way I see it, there are only two possibilities: 1. the groups in question were declared criminal organizations, and the…
Should criminals be denied all access to the financial system?
Even if the criminal is not receiving money for criminal cause?
Do criminals have the right to buy food?
Re: EU-wide maximum limit of €10K for cash payments
#665Earlier quoted context omitted.
For people not familiar with Canadian politics, this summary missed some important nuance. Bank accounts were frozen for some people who donated money to support an illegal occupation of part of Canada's capital city, Ottawa. The occupation was a mix of people protesting COVID measures and others demanding that Justin Trudeau resign. https://www.cbc.ca/news/politics/emergency-bank-measures-fin...
>Bank accounts were frozen for some people who donated money to support an illegal occupation of part of Canada's capital city, Ottawa. Were they a designated criminal group at the time of donation? It seems strange to go after the donors rather than freezing the bank accounts of the recipients. The way I see it, there are only two possibilities: 1. the groups in question were declared criminal organizations, and the…
Re: EU-wide maximum limit of €10K for cash payments
#666Earlier quoted context omitted.
What’s the alternative? Venmo or it’s equivalent, or a [certified] check? I’d prefer to still have the option of a cash payment, even if it’s one I’d rarely if ever utilize.
> What’s the alternative? Just a bank transfer.
Buying a car with a bank transfer is a great way to get scammed by someone selling the same car multiple times.
Re: EU-wide maximum limit of €10K for cash payments
#667Re: EU-wide maximum limit of €10K for cash payments
#668Earlier quoted context omitted.
Yes, the people with power to declare stuff illegal can always say that whatever you’re doing is illegal before freezing your bank account. Was your comment meant to reassure me?
It wasn't, no. It was meant to clarify for other readers that people didn't have their bank accounts frozen for protesting COVID; they had their bank accounts frozen for financially supporting or participating in an illegal occupation of a city centre. Your point stands that governments/courts decide what is illegal and that they have the power to freeze bank accounts when those accounts are used to fund illegal acti…
Re: EU-wide maximum limit of €10K for cash payments
#669Earlier quoted context omitted.
We don't know what circumstances this "dissident running from the government" is facing.
Government is under no obligation to make it easy for you to overthrow it (which is by definition, a criminal enterprise). You want to avoid problems? Get involved in local politics, or start a media publication or literally any one of a thousand things you could do right now which is going to be a lot easier then "become an off the grid fugitive dissident".