4 ms·
It's funny, because cash transactions are definitely more common among poorer people. Also, using (even more) imaginary money benefits banks, ultra wealthy, and
by whelp_24 3y ago
It's funny, because cash transactions are definitely more common among poorer people. Also, using (even more) imaginary money benefits banks, ultra wealthy, and governments not regular people. Even among the criminals laundering money, the influential and wealthy ones (i.e, the ones these laws should stop) will have little problem adapting. The influence
these types of laws stop is that of regular citizens.
- sgt101 3y agoNonsense - it stops criminals and tax evaders from doing the things that they do to undermine society.
- whelp_24 3y agoI am 100% certain that you can evade taxes, and do crime without cash. Even movies have criminals do wire transfers. It is hard to have, say, negative interest rates though.
- mrguyorama 3y ago>Even movies have criminals do wire transfers. And movies are famously accurate portrayals of things right? It's extremely difficult to do lot's of profitable crime without cash. When the IRS sees large transactions routinely coming in, they're going to ask WTF you do for a living, and eventually want some evidence of that. Forensic accounting is VERY powerful.
- sgt101 3y agoAlso your bank. No one working in a bank wants to go to prison; this makes it very expensive to get bank workers to co-operate.