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Could it be that this is precisely the reason they're encouraged to do it? This way y'all move towards a cashless society where the state has a bigger visibilit
by ithkuil 5y ago
Could it be that this is precisely the reason they're encouraged to do it? This way y'all move towards a cashless society where the state has a bigger visibility into the money flows.
In Italy it's already illegal to use cash for payments bigger than 2000 eu.
What makes the US situation silly is that they could say "here is a new law, big cash transactions are illegal" instead they're formally legal but they treat you like a criminal if you happen to do it (effectively discouraging any citizen who has "nothing to hide" to just prefer traceable money transfer methods).
Somebody should push legislators to just make a clear-cut decision. It's either legal or illegal.
- sneak 5y ago> In Italy it's already illegal to use cash for payments bigger than 2000 eu. That's sad. Fortunately, it will be somewhat hard to enforce. I tried buying my car in the USA in cash. Surprisingly, while it was legal, the dealership denied me.
- novok 5y agoStill gotta report that over $10k cash transaction: https://www.irs.gov/newsroom/understand-how-to-report-large-cash-transactions https://www.irs.gov/newsroom/understand-how-to-report-large-...