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> The theory is that this will stifle black market activity Black market activity is already illegal. As usual, this kind of government overreach will only pu
by ARandomerDude 4y ago
> The theory is that this will stifle black market activity
Black market activity is already illegal. As usual, this kind of government overreach will only punish law abiding citizens for being law abiding citizens.
- ls15 4y agoSo when there was a black market for banned goods, there now is a black market for banned goods AND banned money. No?
- ayende 4y agoThe idea is that you make holding a lot of cash much harder to work with on day to day life. That means the incentives for that are far lower. It also complicate illegal activities in general. The idea isn't that your typical criminal will say: "I'm okay with dealing drugs, but the law about 6K NIS is where I draw the line". The idea is that once they get the money in cash, they have a problem actually using that. So they have to go into addition hurdles. Basically, it makes illegal activities more expensive.
- imgabe 4y agoCriminals already have means of laundering their illicit cash. They can't just deposit it in their bank account anyway without accounting for how they got it. They have a front business that accepts small cash transactions (which would be under this limit anyway) so they can report it as legitimate income.