5 ms·

Yes, or why withdraw it in cash at all? It could be kept in the bank and a debit card used to withdraw it.

sukilot 11y ago
Then the govt can seize it directly from the bank because your cousin has a phonetically similar last name to someone who attended the same church as a suspected terrorist
sumedh 11y ago
> or why withdraw it in cash at all? Its my money, I can do whatever I want.
- bcook 11y ago
  When I bought my first vehicle, friends and family told me to get a cashier's check and not carry a large sum of cash across state lines, for a few reasons. Yes, I had the right to do otherwise, but without a logical reason to do so, why? I am honestly wondering if there are any good reasons to carry cash like that. Ignorance, perhaps.
  - mikeash 11y ago
    There are a lot of people who distrust banks. Maybe they've never interacted with banks at all. Maybe their only experience with banks is having their meager earnings and savings whittled away by fees. I'd never carry around such a wad of cash. But if I ever chose to, I should only have to fear losing it to criminals or absentmindedness, not the government.
    - mikeash 11y ago
      Just following up on this, I heard a report on the radio about "banking deserts" where there are no local bank branches for sometimes miles around in poor parts of cities. For people without a car, that's going to make banking pretty tough. If you're effectively criminalizing large amounts of cash, and poor people are likely not to have a local bank branch, then you're almost criminalizing savings by people in poor communities.
      - bcook 11y ago
        It would have been great if the man did actually have an understandable excuse like you have shared, but he did not. Well, if he was simply igornant that his actions were uselessly risky, I might understand that, but... I am still suspicious of the man's true intent. We will never know whether he was really planning to setup a music vid company or buy a kilo of cocaine.
        mikeash 11y ago
        Why do you say he did not? "...he'd had trouble in the past withdrawing large sums of money from out-of-state banks." Sounds like a completely understandable excuse to me. Further, why does his true intent matter in the least? His money was stolen without due process, and that's true whether he was running drugs or making music.

Then the govt can seize it directly from the bank because your cousin has a phonetically similar last name to someone who attended the same church as a suspected terrorist

sumedh 11y ago

> or why withdraw it in cash at all? Its my money, I can do whatever I want.

bcook 11y ago
When I bought my first vehicle, friends and family told me to get a cashier's check and not carry a large sum of cash across state lines, for a few reasons. Yes, I had the right to do otherwise, but without a logical reason to do so, why? I am honestly wondering if there are any good reasons to carry cash like that. Ignorance, perhaps.
- mikeash 11y ago
  There are a lot of people who distrust banks. Maybe they've never interacted with banks at all. Maybe their only experience with banks is having their meager earnings and savings whittled away by fees. I'd never carry around such a wad of cash. But if I ever chose to, I should only have to fear losing it to criminals or absentmindedness, not the government.
  - mikeash 11y ago
    Just following up on this, I heard a report on the radio about "banking deserts" where there are no local bank branches for sometimes miles around in poor parts of cities. For people without a car, that's going to make banking pretty tough. If you're effectively criminalizing large amounts of cash, and poor people are likely not to have a local bank branch, then you're almost criminalizing savings by people in poor communities.
    - bcook 11y ago
      It would have been great if the man did actually have an understandable excuse like you have shared, but he did not. Well, if he was simply igornant that his actions were uselessly risky, I might understand that, but... I am still suspicious of the man's true intent. We will never know whether he was really planning to setup a music vid company or buy a kilo of cocaine.
      - mikeash 11y ago
        Why do you say he did not? "...he'd had trouble in the past withdrawing large sums of money from out-of-state banks." Sounds like a completely understandable excuse to me. Further, why does his true intent matter in the least? His money was stolen without due process, and that's true whether he was running drugs or making music.