3 ms·
US DHS seized $2B from travelers between 2000-2016
- nickff 6y agoAnother similar article, posted the same day, which also describes Institute for Justice (IfJ) efforts to put a stop to the practice: https://reason.com/2020/07/30/homeland-security-seized-2-billion-in-cash-from-travelers-at-u-s-airports/ https://reason.com/2020/07/30/homeland-security-seized-2-bil...
- mc32 6y agoWhat I don’t understand is why the 10,000 hasn’t been adjusted fir inflation. 10,000 today isn’t the same as 10,000 when the law went into effect. I mean, it’s not like fine amounts stay ossified, so I don’t see why these ceilings remain ossified...
- cascom 6y agoI suspect that is viewed as a feature, not a bug by law enforcement
- wand3r 6y agoThat is a good point. I could be wrong but I think the 10k reporting (at least with banks) was from the bank secrecy act[0] of 1970. Thus 10k adjusted for inflation is approximately 65k in 2020 dollars. The limit should be increased to 50k IMO https://en.m.wikipedia.org/wiki/Bank_Secrecy_Act https://en.m.wikipedia.org/wiki/Bank_Secrecy_Act
- dragonwriter 6y ago> What I don’t understand is why the 10,000 hasn’t been adjusted fir inflation. Because the law, like the $20 threshold in the 7th Amendment, isn't written with an inflation factor, so it would take Congress actively reconsidering the threshold to change it (but, again, that's less than it takes to change the 7th Amendment threshold.)
- Threeve303 6y agoThis seems like a loophole that could be used to funnel foreign money into government departments.
- gentleman11 6y agoThis is literally legal theft in up to 70% of cases - who knows for those. It would seem more more weird but bribery is also legal (“lobbying”), which is a bigger problem