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"Bizarre how the EU is penalizing everyone in order to 'make it harder for criminals to launder dirty money'." This likely affects a number of people that is s
by Teandw 4y ago
"Bizarre how the EU is penalizing everyone in order to 'make it harder for criminals to launder dirty money'."
This likely affects a number of people that is so small, that it's irrelevant. Not sure it makes sense to say that such a law that effects a tiny number of individuals is penalizing everyone.
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- biztos 4y agoIn some parts of the EU, it’s still pretty common to do the down payment of a private real estate transaction in cash, and that can easily exceed €10K. I’ve done it myself and I’m not even a local. If it’s illegal then it’s just going to go off the books, at a small cost to taxes and accuracy of records, for some people; but for others it will force them to end this traditional practice, and I can imagine that might cause hardship. But yeah, Russians under the bed, sure.
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- SergeAx 4y ago> This likely affects a number of people that is so small, that it's irrelevant We as society are spending literally billions to make our cities and infrastructure accessible for people with disabilities. Their number also very small, but we decided it is well relevant.
- Teandw 4y agoThe percentage of people with mobility disabilities is extremely high. With medical breakthroughs increasing the age of life too, this is only likely to increase with time
- ls15 4y ago> This likely affects a number of people that is so small, that it's irrelevant. That's not how we deal with minorities
- ur-whale 4y ago> This likely affects a number of people that is so small, that it's irrelevant. Citation required.
- Teandw 4y agoNo citation needed. It doesn't take much brain power to know that certain things are or aren't likely. It would be like asking me to prove that not many people have done the calculation of 15435 divided by 12.5 in their life. I can just tell you from basic logical thinking, that it's not likely that many people have.
- ETH_start 4y ago€10K is not that much.
- ceejayoz 4y agoIt's a lot to put in a sack and bring to a store to pay for something.
- pclmulqdq 4y ago$10,000 in US $20 bills weighs about 1 pound. In $100 bills, it fits nicely in your pocket or in a small purse. I assume 100 euro notes are about the same.
- ceejayoz 4y agoIt's a lot of money to put in your pocket. I didn't say anything about weight.
- throwaway09223 4y agoIt's not, though. I remember carrying that much cash when I saved up for a summer to buy some computer components. They didn't take checks, and at the time I was like 19 and my debit card didn't have a high enough limit to buy the items I wanted (a couple of high end workstations, nothing super fancy- computers used to be expensive!) It's actually pretty common to need to buy things over $10k. It's pretty common for vendors to not take checks. It's pretty common to not have high enough credit limits to cover these types of purchases. There still isn't any way to do this other than cash. It's unusual to carry around this much cash every day, but it's totally normal to carry this much cash sometimes for specific large purchases.
- b112 4y agoThis likely affects a number of people that is so small, that it's irrelevant No. Just no. Rights are not a for-profit balance sheet, such as when Google support provides crappy service, or ghosts you, in the name of profit. Rights are rights. Entrenched, untouchable, everlasting. And each loss affects us all, for the next right taken, is from you. Telling people they must use private enterprise, a third party and pay a fee, to conduct commerce between them, is a fascist act. And guess what. 30 years from now, when that 10k is like 500, what then? Because limits like these are never raised.
- Teandw 4y agoThe problem with your thinking there is that you're making an assumption that removing rights is automatically a bad thing or a loss that affects us all, which is quite simply not true. Removing rights can be a good thing. Shall we bring back the right to have slaves? Shall we bring back the right to murder those we don't like? Removing those rights from people has only made the world a better place. As you say, rights are rights.
- mxscho 4y ago> everlasting There are many non-constitutional rights (such as this one) that are not everlasting and laws can also be adapted. I really don't understand the value of your post as it sounds like speculation based on wrong preconditions.
- csomar 4y ago> Because limits like these are never raised. Inflation will take care of that. Also, you can't convert that money to Gold or Crypto and a house is too damn expensive to buy. So someone with 20k Euros will end up with 2k euros in value.
- p1esk 4y agoEven if no one is affected today it does not mean many won’t be affected tomorrow. What if your government decides to take all your money from you for no good reason?
- yardstick 4y agoLet’s assume that there was no cash limit, a malicious government could still achieve the same result by changing the currency or even just issuing new notes and instructing banks not to accept old notes. I guess you would have an underground economy for a while by those that are willing to be old-cash only, but good luck paying tax and other items that require the new currency/notes.
- ceejayoz 4y ago> What if your government decides to take all your money from you for no good reason? They will succeed? With or without this limit, you're fucked.
- p1esk 4y agoImagine you’re a dissident and you’re running from your government. You’re are more likely to succeed if you have cash.
- ceejayoz 4y agoIf I'm a dissident running from the government I probably don't want the attention generated by bringing 10k Euros in cash into a business to buy something.