Australia's largest stock trading and investment forum Australia's #1 stock forum

Why do you care if i am paying 10k cash for a car or...

First 30 Last

Share
Profile

Follow
elee

38,591 Posts.

103

20/09/19

11:04

Post #: 40493443
Share

Originally posted by Stevie.K: ↑

The question I have is why does someone need $10,000+ in cash to buy something? Heck, even $3-5k.

It's 2019. We have bank cards, banking apps, Venmo, Cashapp, Beemit, instant crypto wallets.. the list goes on.

I agree with the government that very few people would deal legally with sales/purchases of more than $10,000 in cash. To physically go into a bank to withdraw money, to physically take it to a location to buy something off an individual who then has to go to the bank to deposit it.. that's ridiculous in 2019. Or even if they aren't depositing the money, what are they spending that $10,000 on now? That's a lot of groceries, petrol and general purchases.

Or if it's because someone wants to keep it off the books and under the table, then that's exactly what the government is trying to stop.

Expand

Why do you care if i am paying 10k cash for a car or bathroom..if it is illegal - then make it illegal. Otherwise it is FREEDOM
do you not know Freedom?
6 Upvote

Reply

Top Stories

Building value through discovery in Mexico’s silver heartland

AII

Inside the depths of Panasqueira: A legacy carved in rock

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

A junior miner unlocking high-grade potential in British Columbia

First 30 Last

SPONSORED BY