791–800 of 915 posts
Now child abuse flourished until very very recently, indeed none of above tools had been used to really fight it.
Instead these tools where used to been politically unwanted people.
Who smells the same with this EU cash limit fighting “terrorism” (as per the article)? Who sees the parallels?
Earlier quoted context omitted.
I would make the bold assumption that people paying over €10,000 for a used car in cash is a very rare situation.
It's not rare, happens every day. How else are you going to buy it from another private person safely? You want to have an instant transaction. You give somebody money and get a car, thats the safest transaction for both sides. Are you going to wire somebody 10k+ for a car you can't have instantly? (note real time bank transactions are only now becoming a real widespread thing around here in Germany)
SEPA transfers take 30 seconds to clear.
> You give somebody money and get a car
or you give them the money and get back nothing, because "what money are you talking about?"
> thats the safest transaction for both sides
that's literally the less safe!
> Are you going to wire somebody 10k+ for a car you can't have instantly?
If you are buying something worth more than 10k and you need it now, something's obviously not right.
Keep in mind that to actually have more than 10k cash immediately available it means you only deal with cash and keep them somewhere they are less safe than a bank or cost you a lot more than a bank.
Which, again, is already very suspicious.
And no, it's not about regular people, median account balance in Germany is less than 5.000 euros but suddenly there's a need to pay 10k in cash to buy cars that you need right now and you casually had the money in your pocket, because it's a common thing to do.
I call it BS!
Earlier quoted context omitted.
> 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…
> 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…
where did the buyer kept the money?
> which takes 1 day to arrive
you're saying it like it really makes a difference or like cash is safer and easier to handle.
How much time does it take to deposit the money to your bank account?
Is your time free?
Do you like to lose money and time so that other people can use cash coming from who knows where?
> but for individuals transacting with one another, it still seems the easiest option.
back to question #1 again: what kind of people keep thousands of euros at home?
I know no one who does it.
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 right to use large amounts of cash is a fictional right.
Earlier quoted context omitted.
GDPR - great Digital Services Act - great Chat control and all the other pushes for increased surveillance - terrible, don't these guys know history? There is no need to applaud/reject them all. > I assume GDPR is very popular here despite making software development a huge pain If it creates a huge pain, then the data probably wasn't handled in a respectful way in the first place.
What's respectful about presenting you with a wall of text T&C document, giving you a checkbox to indicate you read it, and mining the crap out of your data on a server located in Europe? GDPR allows that - in fact, it assumes that you will want to mine the crap out of user data and specifies where. GDPR has a few good ideas about encrypting data buried in its ~170 articles, but most companies were doing that already…
'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…
This approach of treating everyone like criminals is pervasive in current times. Look at all the cameras on the streets. The logging of all internet data. The CSAM crap on iPhones. Even security scanners in retail which have been around at least 20 years. It’s the easy way out imo, instead of employing expensive labour to actually catch criminals, and somehow society has been convinced that it’s ok. I do think it’s a…
if you usually keep 10k of cash in your pocket, you're probably someone who's not scared by criminals.
And I only know two types of people with those characteristics: corrupted cops and other criminals.
EDIT: it is actually 3 kinds, the third one being taxi drivers, which in my country are mostly low-level criminals.
Earlier quoted context omitted.
Haven't written a cheque in the UK for 20 years. However I have received them from HMRC for refunds.
It's not a check you write. It's a cashier's check. They're not used frequently -- really only for things like closing a bank account, buying a used car, putting down an apartment deposit and first month's rent, that kind of thing. I haven't written a personal check in close to 20 years either, but I've certainly needed to use a cashier's check a handful of times!
cashier checks are equivalent to cash and follow the same limits.
Earlier quoted context omitted.
> "Name one practical reason to pay amounts higher than 1.000€ in cash." it's 10.000 euros, you're off by an order of magnitude. Can you name one practical reason to pay more than 10k cash?
Buying a used car.
for more than 10k?
if someone has 10k cash they will not buy a used car, they will buy a new car, pay it in the next 5 years 200 euros a month and then sell it to a used car reseller.
No sane minded person would sell their more than 10k worth car in cash to an unknown party who shows up with a bag full of 50 euros bills.
BTW this position comes from people who regularly see cash as a form of freedom from oppression and support the use of crypto, which is digital assets that cannot be bought in cash.
So the options are logically 2: it's people that are not right in their mind or it's people who love cash because they don't pay taxes.
10k in cash is an unreasonable amount of money for 99.999% of the population.
I am an investor in my country in bars and restaurants and we're so happy that younger generations virtually use zero cash.
It freed me and my employees from having to deal with cash, bank deposits, handling and transferring money safely, theft, counterfeit money and many many other issues that the stone age money brings.
It also made it much easier to handle payments, I can tell the bank to pay and they will, instantaneously, while before we obviously used the money from the cash register to pay, to spend the cash money and avoid going to the bank to deposit it and had to trust the delivery guy, who changed frequently, to actually not steal the money and disappear (it happened several times over the past 25 years).
It made possible for young people, especially girls, to go around safely with no money on them and still live a full life while also keeping much more control on their expenses.
For context, few countries in the EU don’t have any limit to cash payments. Most of them introduced them to decrease tax evasion, not money laundering. You can still have that much money in cash, just not pay with it one transaction.
> to decrease tax evasion Through a very obscure logic, since payment cap cannot exclude unregistered payments.
If you want to evade taxes by skimming 5 cents on each coffee, you have to sell 200.000 unregistered coffees to save 1.000 euros.
Which is more than 3 times what an average Italian bar sells every year.
https://www.independent.co.uk/news/world/europe/eva-kaili-ar...