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so how many of you who is opppsing this has paid for or sold something in cash amount larger than 10k? Other than buying a used vehicle I dont think regular peo
by elvirs 8y ago
so how many of you who is opppsing this has paid for or sold something in cash amount larger than 10k? Other than buying a used
vehicle I dont think regular people engage in large cash transactions. While tons of untaxed money changes hands between rich crooks to buy and sell valuable items bypassing any taxation or tracing. Before you start advocating for rich crooks, think again what is in it for you that you want to fight for it so bad
- sunir 8y ago33 years ago... We used to use cash receipts from our convenience store to resupply at the cash and carry. It wasn’t uncommon. I saw transactions in high figures often from my fellow customers. Not sure how common it is now.
- elvirs 8y ago33 years ago cash may have been the fastest safest and easiest for of payment compared to today when there is so many fast, convenient and low fee payment options available. when a new legislation is passed the idea is to serve the needs of people 5-10 years from now, not 30 years ago.
- alistairSH 8y agoStop thinking about individual consumers, who may or may not have $10k+ transactions very frequently. Instead, think of small businesses. They regularly have the opportunity to have large transactions. Vehicles, livestock, capital equipment.
- mperham 8y agoAnd they use checks, bank transfers, etc for those transactions. Not cash.
- pjc50 8y agoExactly. What business owner is going to entrust huge amounts of cash to staff if they don't have to, or aren't going through cash to keep it off the books?
- elvirs 8y agoas an owner of a small business that sells and buys from small businesses I can assure I never see any legitimate businesses offering to pay large amounts in cash or prefer to collect in cash.