4 ms·
Frustrating to see more laws like this that can readily throw a wrench in the day to day lives of regular working people, when money laundering and tax evasion
by macNchz 3y ago
Frustrating to see more laws like this that can readily throw a wrench in the day to day lives of regular working people, when money laundering and tax evasion at a scale multiple orders of magnitude larger than this is so shamelessly visible in the form of nine-figure real estate transactions, art auctions, and Caymans-based shell corporations.
- mdrzn 3y agoNot being able to spend €3k cash is a wrench in the day to day lives of regular working people?
- yakireev 3y ago€3k today is a price of an expensive laptop or an expensive bicycle (e.g. a bakfiets). €3k in ten years will be the price of a normal laptop or a normal bicycle. How not being able to buy a laptop or a bicycle without asking permission from third parties is a good thing?
- paxys 3y agoThe point isn't that nothing costs €3k, but that regular working people rarely have €3k physical cash on hand. Money goes into their bank accounts via direct deposit and they spend it digitally.
- macNchz 3y agoIn my opinion it's not unthinkable that an older person, someone without a bank account, or someone who works odd-jobs, might save cash in a drawer (regardless of whether that's advisable) for a long time for a larger purchase, like a used car bought in-person directly from someone else. Should we ban that?
- JW_00000 3y agoIs it possible to have no bank account in the Netherlands? Don't you need one to pay taxes? (I think it's a right to have one and banks must offer a free option.)
- deleted 3y ago[deleted]
- throwawaysleep 3y agoRegular working people are spending 3K in cash?
- panax 3y agoAfter a few decades of inflation from now that will be a much more common occurrence and the laws will probably never be updated to reflect that.
- wing-_-nuts 3y agoYep, an example of this was how people on SSI disability were restricted from not having more than 2k worth of assets in the 1980s, and it hasn't been updated since. Good luck escaping that poverty trap.
- missedthecue 3y agoHow does one launder money with a real estate or art transaction? Say I've sold a great amount of cocaine and now have 5 million euro in banknotes sitting in my safe at home. How do I launder this money and make it 'legitimate' using those methods?
- mrunkel 3y agoYou buy a house with the cash (private transaction) and then sell the house in a year.
- missedthecue 3y agoOk but this law outlaws that. So I don't understand OP's objection
- PestoDiRucola 3y agoYou sell an art-piece you own to yourself (hidden under several layers of shell companies based in various island-nations) for 5 million.