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I'm conflicted. Bags of cash are also the preferred way to conduct shady business. I think some cash flow limit from each account would work better than a class

I'm conflicted. Bags of cash are also the preferred way to conduct shady business. I think some cash flow limit from each account would work better than a classic either/or solution.

DominikR 11y ago
Phones are used too to conduct shady business, so is encryption and generally all kinds of things related to privacy.
- LoSboccacc 11y ago
  I know, but coming from a country where corruption, concussion and other related things are extremely prevalent in the day to day life a little more control wouldn't be bad. There should be a middle ground between anarchy and totalitarianism, it's not like I'm advocating strict control for everyone.
tomp 11y ago
There are other, simpler way of fighting "shady business". The main one being legalization of activities that are currently illegal, but don't bring much social harm (prostitution, drugs). You can also fight corruption by periodically comparing a person's assets to the amount of taxes they paid (personally, I think tax returns should be public, at least for all politicians/state employees).
venomsnake 11y ago
> Bags of cash are also the preferred way to conduct shady business. That is police's problem. I am tired of LEO offloading their duties and costs of business to society.
- LoSboccacc 11y ago
  ehm, then again, who pays for police?
  - venomsnake 11y ago
    This way I am paying twice. Once for the police work, once with my privacy. If police cannot do their job - we disband them and create something better in their place.
- yxhuvud 11y ago
  You are deluded if you think you don't end up paying for the (vastly greater) cost of handling cash.
skrause 11y ago
But if you take away cash people will simply invent their own non-fiat currency to do their shady business or giving tax-free presents from grandma to grandson. In the end people will simply use silver and gold coins again, you can't just take away those.
- jo909 11y ago
  But you can limit conversion of gold/silver into fiat money. I.e. to trade it on any exchange, you need to prove the origins. In the end a mob boss does not want to own hundreds of kilos of gold he can only spend on illegal stuff. He wants clean currency or investments. Making the laundering much harder is one of the big reasons behind this.

I'm conflicted. Bags of cash are also the preferred way to conduct shady business. I think some cash flow limit from each account would work better than a classic either/or solution.

DominikR 11y ago

Phones are used too to conduct shady business, so is encryption and generally all kinds of things related to privacy.

LoSboccacc 11y ago
I know, but coming from a country where corruption, concussion and other related things are extremely prevalent in the day to day life a little more control wouldn't be bad. There should be a middle ground between anarchy and totalitarianism, it's not like I'm advocating strict control for everyone.

tomp 11y ago

There are other, simpler way of fighting "shady business". The main one being legalization of activities that are currently illegal, but don't bring much social harm (prostitution, drugs). You can also fight corruption by periodically comparing a person's assets to the amount of taxes they paid (personally, I think tax returns should be public, at least for all politicians/state employees).

venomsnake 11y ago

> Bags of cash are also the preferred way to conduct shady business. That is police's problem. I am tired of LEO offloading their duties and costs of business to society.

LoSboccacc 11y ago
ehm, then again, who pays for police?
- venomsnake 11y ago
  This way I am paying twice. Once for the police work, once with my privacy. If police cannot do their job - we disband them and create something better in their place.
yxhuvud 11y ago
You are deluded if you think you don't end up paying for the (vastly greater) cost of handling cash.

skrause 11y ago

But if you take away cash people will simply invent their own non-fiat currency to do their shady business or giving tax-free presents from grandma to grandson. In the end people will simply use silver and gold coins again, you can't just take away those.

jo909 11y ago
But you can limit conversion of gold/silver into fiat money. I.e. to trade it on any exchange, you need to prove the origins. In the end a mob boss does not want to own hundreds of kilos of gold he can only spend on illegal stuff. He wants clean currency or investments. Making the laundering much harder is one of the big reasons behind this.