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I don't know, as an Italian we have massive issues with tax evasion in Europe, Italy especially. I very welcome limiting cash, I'm sick of paying taxes for all those that don't because they only want cash. This surveillance thing coming from people shoving all their info online seems hugely overblown.
A similar thing was attempted in Australia [1]. I just ask people to consider that even though we all have bank accounts and we take that for granted, there _are_ actually people who don't, and they're not operating a criminal enterprise. My grandparents came as refugees. My grandfather has never had a bank account. He bought a car with $50 bills once. It was so funny, they were all stuck together and the clerk had t…
I don't think that's obviously silly. Look at Canada (which has similar values as Australia) where the government seized money from private bank accounts just for protesting or donating to someone who protested.
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> In his home country, you couldn't trust the banks, so people hid their money. Of course that kind of thinking is silly in Australia, but good luck explaining that to someone with war-trauma. Not too long ago we saw the Canadian government freeze bank accounts of people for protesting the Covid measures. Don’t think that it cannot happen in your country.
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...
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>Of course you have the right to protest against the government >Nooooo not like that!! Which is it?
At least in the US, the right is of "peaceable assembly", not a blank check to break laws.
I've noticed some similar in America recently. I've got friends who move 5-6 figure sums for various personal businesses, and their banks have been extra critical of their transactions. One bank got so annoying, that my friend tried to close the account, and couldn't! Lately hearing more and more stories about people getting de-banked, as been making me feel a little nervous. In the cases of the banks and my business…
Underreported info is that during many months of pandemic you couldn’t withdraw any significant amounts of cash. I decided to withdraw $10k just in case and they told me maximum they can do is $1k per day and this story repeated for many months.
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WHO CARES if it "only has a few instances". I will never understand where people will say that having our right LITERALLY REMOVED somehow isn't eroding our freedom. It simply is, you are objectively less free now.
The uppercase tells me you have strong feelings about this and maybe I’m missing something obvious. Would you explain why my freedom will be diminished by this? I can still pay and buy whatever I want. It just happens faster and more secure.
Are you sure about that?
https://www.zerohedge.com/political/gun-shops-and-customers-...
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I'm not sure in a modern society why I would pull out $10k from my bank account to then pay a person $10k cash for a second hand car, so the answer is no.
Yeah this is pretty much the reason cops seize money from unbanked people who try to use their life savings to buy something decently expensive. Because who could possibly be dealing in that amount of cash legitimately, it must be criminal .
I think it's going over most people's heads that buying and selling cars on Craigslist isn't like buying a car from a dealer. I could potentially use bankers drafts but many sellers know this is a commonly forged document and the risk isn't acceptable to them. Almost every single company/bank digital payment service is reversible or able to be cancelled (I naively was not aware of this until I was a part of the early bitcoin-otc community and got to witness the myriad of scams people ran once the other medium wasn't actually reversible).
I've always found it astounding how majority of people will readily accept the anti-terrorist argument as a reasonable one, without any scrutiny whatsoever. I'm imagining a situation in which a bunch of terrorists are planning a bombing attack, but then having to scrap it because explosives would cost more than 10k EUR. "Pack it up guys, they got us this time, no possible way we can go through with the plan now".
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> Because limits like these are never raised. Inflation will take care of that. Also, you can't convert that money to Gold or Crypto and a house is too damn expensive to buy. So someone with 20k Euros will end up with 2k euros in value.
That part of the problem, it wont be long before 10000 in EU currency wont buy much at all, effectively making cash unusable