5 ms·
> Do you think ... money laundering ... [is] OK? Your other two items are clearly not okay, but doing what you want with money you earned is perfectly fine. I
by daxorid 9y ago
> Do you think ... money laundering ... [is] OK?
Your other two items are clearly not okay, but doing what you want with money you earned is perfectly fine.
I have yet to hear a legitimate argument for why "money laundering" is wrong. Laws already exist to criminalize the illegal acts committed to acquire money - what, precisely, is the rationale for criminalizing the voluntary obfuscation of money, however earned?
- rootusrootus 9y agoSeriously? Money that is gained criminally is not in any way "earned."
- ajmurmann 9y agoThe business doing the laundering is enabling the crime by providing a way to make the money useful
- dragonwriter 9y ago> I have yet to hear a legitimate argument for why "money laundering" is wrong. Money laundering is wrong for the same reason that accessory after the fact, obstruction of justice, spoliation of evidence, misprision of felony, and related offenses relating to after-the-fact concealment of crime are wrong.
- chrischen 9y agoChina restricts money flowing out so laundering that cash may not have been tied to an actual crime.
- abakker 9y agoIs facilitating committing a crime somewhere else better?
- seanmcdirmid 9y agoIt usually is gray money though, earned by skimming huge capital works projects, bribes, or whatever. For non-party-nobles who earn money via our jobs, the $50k exchange limit is probably enough for anything you would need to do. The whole point to get the money out of china is as insurance if Xi decides to crack down on that official for corruption (they are mostly all guilty of it, so all they have to do is fall out of favor), then all they have to do is get out of the country and lead the good life.
- Boxxed 9y agoThat's like saying, "I have yet to hear a legitimate argument for why burying a body is wrong." Well, yes, putting a dead body in the ground is not by itself wrong. But step back a tiny bit and think about why that might raise some flags.
- morganvachon 9y agoIt has nothing to do with legally earned money, please don't be disingenuous. It's the same concept as stealing a car and swapping VIN plates to conceal the theft. If the money was obtained legally, there is no reason to launder it. Laundering money is literally taking stolen currency and converting it into a form that is not traceable back to the theft, in order to hide the theft from the authorities.