301–310 of 802 posts
Earlier quoted context omitted.
If an EMP truly destroys most of our electronic devices, money will be the least of your worries.
The world worked fine before electronics. Sure, the adjustment period would be harsh, but it’s silly to think civilization would end completely.
The cities will be awful places with death, destruction, and lawlessness.
Earlier quoted context omitted.
There are for sure tradeoffs here, but in Germany for example they recently made paying in cash for real estate illegal because it was obvious that almost all those cash transactions involved crime money of some sort. Edit: As noted below cash here refers to paper money. The same law also prohibits real estate purchase with gold, silver, diamonds or crypto currencies.
So if you sell a house and want to buy a new one, you have to pay for a mortgage you don't need?
Electronic transfers such as ACH would be allowed.
They can't control the black market in drugs, what makes them think controlling a black market in cash , which is a million times more desirable, will be any more successful? There's the small matter of millions of undocumented migrants entering Europe who will be trapped in this now-illegal-cash underclass, and these financial oppression laws just incentivise and create criminal networks to facilitate basic economy.…
Farmers are declaring their own tax relief.
Frustrating to see more laws like this that can readily throw a wrench in the day to day lives of regular working people, when money laundering and tax evasion at a scale multiple orders of magnitude larger than this is so shamelessly visible in the form of nine-figure real estate transactions, art auctions, and Caymans-based shell corporations.
Not being able to spend €3k cash is a wrench in the day to day lives of regular working people?
How not being able to buy a laptop or a bicycle without asking permission from third parties is a good thing?
Earlier quoted context omitted.
Works with technology as well, the speed limits in your neighborhood were probably set when cars had drum brakes and poor visibility.
Cars still kill people at high speed, human bodies haven't adapted to get hit by cars better.
Earlier quoted context omitted.
There are for sure tradeoffs here, but in Germany for example they recently made paying in cash for real estate illegal because it was obvious that almost all those cash transactions involved crime money of some sort. Edit: As noted below cash here refers to paper money. The same law also prohibits real estate purchase with gold, silver, diamonds or crypto currencies.
So if you sell a house and want to buy a new one, you have to pay for a mortgage you don't need?
The 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.
https://www.axerve.com/approfondimenti/insight/limite-pagame...
Frustrating to see more laws like this that can readily throw a wrench in the day to day lives of regular working people, when money laundering and tax evasion at a scale multiple orders of magnitude larger than this is so shamelessly visible in the form of nine-figure real estate transactions, art auctions, and Caymans-based shell corporations.
Regular working people are spending 3K in cash?
Earlier quoted context omitted.
There are for sure tradeoffs here, but in Germany for example they recently made paying in cash for real estate illegal because it was obvious that almost all those cash transactions involved crime money of some sort. Edit: As noted below cash here refers to paper money. The same law also prohibits real estate purchase with gold, silver, diamonds or crypto currencies.
So if you sell a house and want to buy a new one, you have to pay for a mortgage you don't need?
You misunderstand.
We are talking hard paper cash here. It might help if we quote a translated excerpt here :
This practice is now being abolished by the introduction of Sec. 16a GwG. From 1 April 2023, it will only be possible to purchase real estate using means of payment other than cash, crypto assets, gold, platinum or precious stones. All parties to the transaction are required to present satisfactory proof of payment, for example a payment confirmation from a financial institution.
(source of excerpt https://www.gvw.com/en/news/blog/detail/prohibition-on-cash-...)