4 ms·
Why should I not have cash on hand? I just redid my deck and fence. I paid Time+Materials. Guy brought me the materials and the receipts, I paid cash for the m
by grogenaut 3y ago
Why should I not have cash on hand?
I just redid my deck and fence. I paid Time+Materials. Guy brought me the materials and the receipts, I paid cash for the materials upfront. That was $35k in materials, in several $10k chunks. This happens all the time in the real world. The guy does several jobs at a time. My wife was concerned about us having that much cash in our safe. This contractor is doing it all the time probbably 5x that amount and it's all legal.
Bought several cars over the years, in cash. Why would I do a cashieres check? Who would take it except where a bank instantly validates it. Did the title transfer at the dmv, seller got cash so knew he wasn't getting screwed, DMV moved the title right there and validates it all so I knew I wasn't getting screwed. Those were $~15k each. Motorcycle? $8k cash.
- nraynaud 3y agoIn the EU with have a working banking system that does transfers very well and very fast. (Actually, for 35k, I’ll need to lift some thresholds with my banker)
- grogenaut 3y agogood for you, not everything is about the EU. Not every transaction needs to be tracable
- raincom 3y agoThere is a fight against cash; here, the govt forces private actors (banks, car dealerships, jewelry stores, casinos, etc) to report to the govt, any cash entering/exiting the system > $10K. Govt hates any untraceable monetary instruments, as people can use cash to do 'bad' things: tax evasion, paying under the table, evading child support payments, supporting bad people, etc. If some thing is used for both good and bad deeds, govt wants to make it hard for the good deeds.