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I've walked around with >$10k before (purchased a car with cash), and it's really not a problem. There's no reason anyone would see that money if it weren't for
by beatgammit 7y ago
I've walked around with >$10k before (purchased a car with cash), and it's really not a problem. There's no reason anyone would see that money if it weren't for the TSA exposing all of our secrets at the security line. The problem here isn't the guy carrying a ton of cash, the problem is the TSA.
Is carrying a ton of cash usually a bad idea? Yes. Should it be a right to choose to go so? Absolutely.
In terms of potential for crime, I regularly carry >$20k worth of credit limit and have a similar total credit limit across all cards as the guy in the OP is carrying in cash. If someone knew how much credit I carry and how easily cards can be used illegally (I don't remember the last time I was asked for ID, and I've made many purchases over $500), I would likely have my credit cards stolen frequently. Losing my laptop means potentially getting access to all of my credit cards if I don't act in time. So is carrying my laptop cause for seizure as well since I could be defrauded?
I currently do most of my financials through online banking and credit cards, but that's because I don't want to pay the inflation tax and sales tax makes transactions complicated. However, that doesn't mean using cash is bad.