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The libertarian-minded tend to think that this kind of freedom is necessary to prevent government overreach and oppression, but in reality the bulk of the peopl
by dangus 3y ago
The libertarian-minded tend to think that this kind of freedom is necessary to prevent government overreach and oppression, but in reality the bulk of the people making large cash transactions are either avoiding taxes (ripping off you, the taxpayer) or participating in organized crime (human trafficking, weapons/drugs/counterfeit black markets, etc).
I would also argue that the only people making cash transactions that large are probably way wealthier than the average person and, again, are looking to launder their money.
Think about it seriously: in what scenario would you choose to use physical cash to make a transaction amounting in the thousands of dollars?
That's so insanely risky. You'd be a walking target. You could lose the money, someone could steal the money, it could be physically damaged.
It even puts you at risk during the transaction: why would the other party sell you the good when the money is right there ready to be robbed from you? There is no recourse because it's all under the table. I can't stop a check or have a paper trail to take to court if you just take my cash.
There is no situation I would be comfortable making a transaction with that much cash (unless I was in so insanely wealthy that this amount of money meant nothing to me).
- vlod 3y agoThe same could be said about encryption.
- xboxnolifes 3y agoExcept it can't, since everyone regularly uses and benefits from encryption.
- vlod 3y agoSpecifically the state likes to say "We need access to encryption private keys because of terrorists or to save the kids. If you don't have anything to hide, there's no reason you'd oppose this". [0] So if a lot of bad people pay for things with big sums of cash, then why would you oppose this limit, unless you're a bad person. Meh. [0] https://www.theguardian.com/technology/2023/may/08/whatsapp-could-disappear-uk-over-privacy-concerns-ministers-told https://www.theguardian.com/technology/2023/may/08/whatsapp-...
- _zamorano_ 3y agoLike taxes are fair... You have the freelancers and small business struggling badly in my country, yet the goverment spends millions on nonsensical programs.
- dangus 3y agoOkay, you are against taxes. Stop using roads. Dispose of your sewage yourself. They are nonsensical programs.
- JW_00000 3y agoBut tax avoidance/evasion is not a solution to that problem.
- Gud 3y agoThere is nothing wrong with tax avoidance(which is not illegal). I minimize the amount of taxes I pay, like 99% of people do.
- mrbadguy 3y ago> There is no situation I would be comfortable making a transaction with that much cash (unless I was in so insanely wealthy that this amount of money meant nothing to me) That’s fine for you but why does that mean it should be illegal for everyone else?
- dangus 3y agoI already addressed that in my comment.