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The US tried to stop cartel money-laundering; devastated mom-and-pop businesses

theguardian.com

91–100 of 194 posts

Re: The US tried to stop cartel money-laundering; devastated mom-and-pop businesses

#91
post #47

Earlier quoted context omitted.

Everything else aside, > "people without work visas" is not the same legal category as > "they're not supposed to be here"

People with tourist visas I expect fully entitled and able to get car loans... (Edit: maybe I am misunderstanding the whole thing: is it "loaning cars" or is it "loaning the money to buy cars"?)

In the US, we usually refer to "paying someone to borrow a car" as a car "rental" and "borrowing money to finance a car purchase" as a car "loan".

Re: The US tried to stop cartel money-laundering; devastated mom-and-pop businesses

#92
post #25
post #21

Earlier quoted context omitted.

https://en.wikipedia.org/wiki/The_purpose_of_a_system_is_wha...

https://www.astralcodexten.com/p/come-on-obviously-the-purpo...

I'm sure POSIWID gets used as a reductive way to avoid thinking through things, but his examples seem just as devoid of thought. His 67% cancer center could probably cure more cancers if society invested more in cancer treatments and research, or if doctors persisted in continuing treatment instead of palliative care more often. Russia could nuke Kiev, or Ukraine's Western allies could send their own troops to push Russia back. The New York bus system could convert to all electric vehicles but that would cost a lot and have its own environmental considerations.

In the current conversation, the policy could have been based on research about where and how cartels were doing their laundering, and designed in a way that minimized the impact on non-cartel immigrant communities.

In all of those cases, the system is the result of choices that lead to the current outcomes, and I think that's the part that's worth thinking about.

Re: The US tried to stop cartel money-laundering; devastated mom-and-pop businesses

#93
post #57

Earlier quoted context omitted.

> Money laundering is an absurd concept. People should be free to transfer money to whoever they like, without permission. They got Al Capone for tax evasion, not any of the other obviously illegal stuff he was doing. I don't know the details, but I imagine it was because he put in effort to create an organization that made it difficult-to-impossible for the law-abiding feds to go after him directly. That's why it's…

Obvious solution is to make soft drugs like fentanyl fully legal. Just apply sufficient purity to standards as regulation like with any other drug. Issue solved instantly. It is not like other deathly drugs aren't already legal.

Fentanyl is not a soft drug, but opium, heroin and morphine can be so if administered correctly, and meet the same needs satisfactorily. Fentanyl is extremely deadly if misdosed.

Re: The US tried to stop cartel money-laundering; devastated mom-and-pop businesses

#94

He's also making it difficult/impossible for people without work visas to obtain auto loans which is destroying the used car market in latino communities and cities with large latino populations. Executive Order 14406 defends this with, > Low-dollar cross-border funds transfers have been used to facilitate or commit terrorist financing, narcotics trafficking, human trafficking, and other illegal activity. They're ban…

Why don't they have work visas?

Because some sectors depend on a cheap work force without any rights.

Re: The US tried to stop cartel money-laundering; devastated mom-and-pop businesses

#95
post #64
post #55

Earlier quoted context omitted.

If we want to stop illegal immigration, "not getting a car loan" and "harder to move money across the border" feel like the most humane ways to slow it down. Plus, the drug trade coming in from Mexico is, in fact, a huge problem, not just for the US, but for Mexico itself. Mexico is run by cartels specifically because of how much money is made off selling drugs to Americans. This isn't some non-existent problem they…

> If we want to stop illegal immigration, "not getting a car loan" and "harder to move money across the border" feel like the most humane ways to slow it down. I can think of a more humane way: Prosecuting the employers who break the law by hiring undocumented workers. The prospect of employment is what draws migrants here in the first place.

>Prosecuting the employers who break the law by hiring undocumented workers.

Don't employers already have to check for authorization to work?

Re: The US tried to stop cartel money-laundering; devastated mom-and-pop businesses

#96
post #41

Money laundering is an absurd concept. People should be free to transfer money to whoever they like, without permission. It is a fundamental purpose of money. To deny this purpose puts the validity of particular money into question. Putting up fences results in a very high rate of false positives. No wonder people use crypto as they should. If you want to go after cartels, then actually go after cartels. That's not w…

> Money laundering is an absurd concept. People should be free to transfer money to whoever they like, without permission. This ignores that taxes are a thing that need enforcement. Its like saying basic necessities should be free, the world should be without pollution, or cancer shouldn't exist.

Well of course they should be. You have been brainwashed so much that you can't even conceive of a different world.

For taxes, I favor land value tax. Basic necessities can absolutely be free under it, as the super rich hold plenty of land. We can have a world without much pollution if we switch away from fossil fuels, and if we take the lifecycle of chemicals into account. Note that excesss carbon dioxide is pollution too. Regarding cancer, medical science is working toward it.

Re: The US tried to stop cartel money-laundering; devastated mom-and-pop businesses

#97

Earlier quoted context omitted.

One day hopefully another president will use the national security drum to close down all Trump golf resorts and properties on the grounds that they are used to facilitate illegal activity.

That already happened: https://www.cnn.com/2022/08/08/politics/mar-a-lago-search-wa...

No, they used the existing system of due process to investigate whether crimes were committed at Mar-a-Lago. They didn't claim national security to shut it down.

Re: The US tried to stop cartel money-laundering; devastated mom-and-pop businesses

#98

It surprises me how much Americans don't understand how deeply the cartel is in every transaction. Yes, sending money to Grandma to pay for a car is funding the cartel who probably got paid to make the car available. Grandma may even pay small direct bribes to the cartel just to be able to live her life. Either all of Mexico can move to the US (probably not a winning solution) or we can make Mexico a safe and excelle…

What you're suggesting is that all Mexicans suffer more because some money may somehow end up in the hands of the cartel. And that, for some reason, the US should help do this. That's absurd. If you really want to eliminate the cartels make recreational drugs legal.

>What you're suggesting is that all Mexicans suffer more because some money may somehow end up in the hands of the cartel.

It's not just Mexicans. Cartels don't respect borders.

Re: The US tried to stop cartel money-laundering; devastated mom-and-pop businesses

#99

Money laundering is an absurd concept. People should be free to transfer money to whoever they like, without permission. It is a fundamental purpose of money. To deny this purpose puts the validity of particular money into question. Putting up fences results in a very high rate of false positives. No wonder people use crypto as they should. If you want to go after cartels, then actually go after cartels. That's not w…

Money laundering is about hiding illegal actions by faking the source of the money.

Generally speaking, it makes sense to me that a society wants to make that difficult.

Re: The US tried to stop cartel money-laundering; devastated mom-and-pop businesses

#100

It surprises me how much Americans don't understand how deeply the cartel is in every transaction. Yes, sending money to Grandma to pay for a car is funding the cartel who probably got paid to make the car available. Grandma may even pay small direct bribes to the cartel just to be able to live her life. Either all of Mexico can move to the US (probably not a winning solution) or we can make Mexico a safe and excelle…

>Either all of Mexico can move to the US (probably not a winning solution)

Indeed, it is not.

But not for lack of trying. The biggest migration in history is the 10% of Mexico that has moved to the US since 1970. https://www.reddit.com/r/dataisbeautiful/comments/1trqnn8/he...>

As of 2024, 11 million Mexican-born people live in the US. https://ourworldindata.org/where-do-migrants-live-and-where-...>

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