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> What else do we expect governments to do? We expect it to not both support the laws that create a $100B black market for drugs in the first place, and then t
by runeks 9y ago
> What else do we expect governments to do?
We expect it to not both support the laws that create a $100B black market for drugs in the first place, and then try to combat the consequences of its own actions and claim it's solving a problem, rather than creating two of them.
- mabbo 9y agoI'm very much in favour of legalization of drugs. But there are other crimes that create illicit money: extortion/blackmail, human/child trafficking/exploitation, murder for hire, theft, ransomware/malware, and whatever new horrible ideas get created next. Making money laundering harder makes criminal activity less beneficial to commit. And while ending the illegal drug trade will greatly reduce the need for anti-money laundering organizations, it certainly won't end the need entirely.
- ng12 9y agoSure, and the government should be investigating people who have lots of suspicious cash. That's a lot different than penalizing people with private wealth just because they have it.
- finnh 9y agoHow do you expect the government to know about people who have lots of suspicous cash? That's what the reporting laws are intended to help detect...
- ng12 9y agoThey shouldn't unless they have reason to investigate me. I live in the US. I have a reasonable expectation of privacy and it shouldn't be a crime to not proactively confirm that I'm not committing crimes.
- JustAnotherPat 9y agoThis seems like a very naive view. Plenty of people will want to launder money to support acts of violence regardless of what laws are on the books. When you want to kill somebody, you want to kill somebody.