351–360 of 915 posts
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In what circumstances have you or someone you known ever needed to pay for something over €10k in cash?
A car?
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So you believe that your country politicians were all into large cash payments but the French and the Germans are making you go digital? Which country may I ask?
In my country cash payments over €8k were already banned, but it’s a largely unenforced law.
Which country again?
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> 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…
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> You wouldn't walk 200 miles on foot to go meet a friend when you had a car on the driveaway? Perfect example. I wouldn't do that, no, but I wouldn't want it to be illegal.
True but would you want it to be illegal if the vast majority people that did walk 200 miles on foot instead of driving, did it because they were doing it to get away with committing a crime?
This feels like the question of Blackstone’s ratio: “It is better that ten guilty persons escape than that one innocent suffer.” I’m not an absolutist about these things, but I take Blackstone’s side of this (very difficult) question.
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> If cash is legal tender, then any amount is, by default, legal. Cash being "legal tender" means that, if someone sues you and wins a judgment, you're entitled to pay the judgment in cash. It doesn't mean that anyone willing to exchange a service or item for any random service or item is also compelled to exchange their thing for cash. If they demand a live sheep, you'll give them a live sheep or do without whatever…
Nobody is talking about being compelled to accept cash - we are talking about cash being used in a manner that is, arbitrarily illegal after a certain amount.
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> 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…
In Europe do you not have cashier's checks? That's what we use in the US for something like a used car, since most people don't want to carry around a car's worth of cash, even for a short period of time.
You go to the bank, and get a check drawn on the bank for the amount. The person receiving it can call the bank to verify it's valid if they don't trust it. And if you get robbed (or lose it) you can have the check cancelled.
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Your friend is lying to you. If you do this enough times, the bank automatically flags the account for money laundering. It's very basic and standard money laundering procedures. "I don't believe it'd be realistically possible to stop this from occurring." - It already happens and is already stopped so you're wrong on that one.
How is it money laundering when the money is already in the bank and thus accounted for?
Obviously it would then lead to them asking why he was choosing to pay the builder in such a manner, rather than just doing a bank transfer. Ultimately could lead into an investigation of some sort.
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.
Assets are zero sum - if i sell you my car, i no longer have that asset. Money is not zero sum. It is created and destroyed as loans are made and repaid. Which kinda frazzles people’s minds when they hear it. I know it certainly did mine when i first learned.
https://www.federalreserve.gov/monetarypolicy/reservereq.htm
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Most states are complex structures largely manipulated by a tiny number of people for the benefit of themselves and the top echelon so as to capture the vast majority of the wealth created by everyone for a minority of nonproductives whos contribution is owning things as opposed to doing useful work. Erasing every obligation they presently possess to the functional state that enabled the nonproductive to live in weal…
Sentences like “the state lost €30bn of revenue because of tax evasion” rubs me the wrong way. It’s not too far off from saying “mugger lost €500 of revenue because the potential victim ran away”.
I do realise it’s a fallacy—it’s just not too far off.
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Buying older cars and car parts and similar specialized areas
I would make the bold assumption that people paying over €10,000 for a used car in cash is a very rare situation.
I’d prefer to still have the option of a cash payment, even if it’s one I’d rarely if ever utilize.