Stops a 20-something from going into a shop with a bag of cash and walking out with a rolex or a luxury car
I’m sorry, but what exactly is the problem with that
And also I don’t know what world you’re living in where a €10k car is considered luxury (unless you’re saying all cars are luxury, in which case we may have some common ground)
If a 20-something (or any-something, more importantly) has that money and they want to spend it, what’s the problem
Why should someone be made a criminal for selling a car for cash
Same with a 50 something walking into a car dealership with a briefcase full of cash. Or a 40 something buying a condo in Munich with cash. Something ain’t right here.
True but people at that age walking into places with that much cash are either white collar criminals or politicians and both are unfortunately more socially accepted than blue collar criminals.
And why exactly ?
Once I paid my fair share of taxes, what I do with my money is not your business (nor state’s business).
If I want to withdraw money from the bank every month and keep under the sink until I have enough money to buy a home with cash I am free to do it. It is smart ? Probably not so much but it is not illegal either.
Criminals use it to launder money. And it’s not only €10k, it’s €10k and above. So a 20 year old with no job or income comes into a dealership, buys an Audi RS3 for €80k in cash and we’re all supposed to pretend that’s fine?
If you have over €10k in cash and want to spend it, sure, go right ahead, but you’ll need to prove where you got it from. Banks have a KYC requirements, put the money there and arrange for a bank transfer. It’s not like cash is banned.
I’m sorry, but what exactly is the problem with that
And also I don’t know what world you’re living in where a €10k car is considered luxury (unless you’re saying all cars are luxury, in which case we may have some common ground)
If a 20-something (or any-something, more importantly) has that money and they want to spend it, what’s the problem
Why should someone be made a criminal for selling a car for cash
A 20 something walking into a shop with a duffel bag full of cash is definitely suspicious
Same with a 50 something walking into a car dealership with a briefcase full of cash. Or a 40 something buying a condo in Munich with cash. Something ain’t right here.
True but people at that age walking into places with that much cash are either white collar criminals or politicians and both are unfortunately more socially accepted than blue collar criminals.
And why exactly ?
Once I paid my fair share of taxes, what I do with my money is not your business (nor state’s business).
If I want to withdraw money from the bank every month and keep under the sink until I have enough money to buy a home with cash I am free to do it. It is smart ? Probably not so much but it is not illegal either.
Criminals use it to launder money. And it’s not only €10k, it’s €10k and above. So a 20 year old with no job or income comes into a dealership, buys an Audi RS3 for €80k in cash and we’re all supposed to pretend that’s fine?
If you have over €10k in cash and want to spend it, sure, go right ahead, but you’ll need to prove where you got it from. Banks have a KYC requirements, put the money there and arrange for a bank transfer. It’s not like cash is banned.