Bad for construction!
Cash payments above €3000 to be outlawed in Netherlands
251–260 of 802 posts
Re: Cash payments above €3000 to be outlawed in Netherlands
#252Earlier quoted context omitted.
Cash payments over (few) thousands are not permitted in the most/many EU member state already. NL are just catching the train. Greece has it as low as 500 Euro.
I can't believe in a lot of these countries this is enforced or obeyed to any degree. The closer the empire is to collapse the stupider the laws.
The laws are there due to anti-money laundering. Since virtually no cash income (in those country) is viable - think salaries, etc., it's not hard to be followed. All retail sales need a valid VAT receipt, all of those receipts have source of the payment as well. Wholesale tends to be never in cash (requires tax administration approval), the laws might differ, of course - however that's a common framework.
So it's sort of automatic.
Re: Cash payments above €3000 to be outlawed in Netherlands
#253Earlier quoted context omitted.
Nice to see that there's no limit where I live which is Norway. Hopefully, there are no plans to introduce one.
I am confused by your post. What are some good reasons to allow cash payments above 3000 EUR?
> I am confused by your post. What are some good reasons to allow cash payments above 3000 EUR?
Privacy would be the biggest and most important reason and probably enough to end the conversation right here.
But we can also include
- ease of payment. Count out money and you're done.
- vendor gets their money immediately, no 5 day hold like there could be on a check or money transfer
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Re: Cash payments above €3000 to be outlawed in Netherlands
#254Earlier quoted context omitted.
Why do I get the feeling that you hope for this outcome, from this comment? And maybe you never visited the Netherlands? By the way, the boiling frog thing has been debunked many times: https://en.wikipedia.org/wiki/Boiling_frog
you will see, next they will start dismantling roads and start putting in bicycle infrastructure, horrors!
Gleeful at no more easy transport in or out, eh? Will the regime, I mean The Party, oops I mean The Cabinet, also be removing the noise cameras installed along the roads when they remove the roads? Or are those going to be kept there to protect the people from ideological deviants?
Re: Cash payments above €3000 to be outlawed in Netherlands
#255The maximum limit for cash payments in Italy is 1000€, so 3k would still be a lot. Why would someone need to pay for 10k in cash? Where does that cash come from? 60% of the times, it's money laundering every time. edit: I suppose since I'm in EU and I'm only 30 I'm "used" to the 1k limit, while non-EU (or specifically USA) people might be grabbing their pitchforks.
> Why would someone need to pay for 10k in cash? The answer to this is very simple: none of your business. I take strong issue with the word "need." Why do you need that car? That television? That four bedroom house? Why do you need that bow and arrow? For sport, you say? Why not play some ball game instead? Why do you need a chess set when you can play digitally online without killing a tree? Why do you need those f…
It is not my business but the government creates the money and it is their business. It always has been.
Re: Cash payments above €3000 to be outlawed in Netherlands
#256There are many similar restrictions on other countries. Here is a list for Europe: https://www.europe-consommateurs.eu/en/shopping-internet/cas... The equivalent of 3,000 - 4,000 Euro seems to be the norm.
Hmm, our limit is 15k and I consider it somewhat reasonable — it doesn't seem to be too big of a privacy invasion.
3-4k is something else, I had no idea the rest of the EU has it so low. I don't like it.
Re: Cash payments above €3000 to be outlawed in Netherlands
#257Earlier quoted context omitted.
I am confused by your post. What are some good reasons to allow cash payments above 3000 EUR?
I'm not a european but I do have an example. A few years back I purchased a project car in cash. I don't carry checks, who does anymore? And my bank would have given me grief trying to transfer an amount that large at once. I had tried before and it would trigger their fraud detection and give me headaches. Its good its there but can be a barrier when I'm just trying to buy something. So going to branch and withdrawi…
This seems a US centric problem. No one in Europe has carried checks since the 90s and large bank transactions are really a non issue as they resolve within a banking day and for a small fee you can usually do real time transfers too.
Re: Cash payments above €3000 to be outlawed in Netherlands
#258The maximum limit for cash payments in Italy is 1000€, so 3k would still be a lot. Why would someone need to pay for 10k in cash? Where does that cash come from? 60% of the times, it's money laundering every time. edit: I suppose since I'm in EU and I'm only 30 I'm "used" to the 1k limit, while non-EU (or specifically USA) people might be grabbing their pitchforks.
Cash is money. Cash is immune to bank runs. If you have $10,000, then you have $10,000. If you deposit $10,000 in a bank, then you have $0 and a promise from a bank that has $1,000 and a promise (from somebody else) for $9,000.
So maybe we should fix fractional reserve instead of having an issue against cash? I would rather pay $10k with a bank transfer than having to carry that much on me.
Re: Cash payments above €3000 to be outlawed in Netherlands
#259When are we going to outlaw (as in actually enforce laws) on intelligence agencies honey-potting politicians as a strategy for foreign policy?
Because any article that talks about Terrorism yet fails to account Jeffrey Epstein style honey-pot operations which implicated people such as Bill Clinton, Bill Gates, Elon Musk, etc... is really meaningless to me.
Justice does not exist when Laws are selectively enforced, and propagandized with "muh terrorism" or "think of teh children" by the same governments which are complicit in negligence towards massive crimes happening in the underworld of world government leaders.
Re: Cash payments above €3000 to be outlawed in Netherlands
#260NL is just crazy with all the rules and all-around money, they have so much control over it that I have never seen that in any other place.
As someone else mentioned, it's a thing all over Europe. https://www.europe-consommateurs.eu/en/shopping-internet/cas...
There is also a good chunk of countries with no limit for cash purchases. For example there is no limit on cash purchases in Germany with the exemption for real estate and rent above 10k a month. However it only it only came into force this year and so far it doesn't seem entirely clear of it is constitutional [1].
More interesting in my opinion are new proposed EU laws standardising money laundering laws in the EU, which seems to include a 10,000€ transaction limit for cash transactions...[2]
[1]https://www.lto.de/recht/juristen/b/barzahlung-verbot-immobi... (in German)
[2]https://www.dw.com/en/the-eu-declares-war-on-money-launderin...