The real question is why would you oppose a law that is of minimal impact on lawabiding citizens and of maximum impact on catching bad guys? Just because it is a law doesn't mean it is bad. Please give me a litigimate reason why a lawabiding person would want to pay $10,000 in cash for anything, other than just to show he could...and it would definitely be a guy....most people want to write a check or use a credit card so they personally have a record of the transaction. Other than a generalized fear of government...what is your reason?
German Accent: "Papers Please!
Confused Voice: "For What?"
German Accent: "If ze haz done nuzzing wrong, ze haz nuzzing to fear!"
The framers attempted to protect us from this for a reason.
Several years ago the Pittsburgh Press ran a series of articles about people that had their money taken simply because they were caught in airports with large sums of money. I remember one guy who had a nursery or landscaping business that was headed for a southern state to buy stuff.
He lost over $7,000 that was siezed for no reason other than he had it on him at the airport.
If you know the cost of something, you can always get a cashiers check. If you're not sure how much you're going to end up spending it gets to be a problem if you're planning on bringing your purchase or purchases back with you.
If you go to a construction equipment auction and you don't have a bank letter of credit, you better have cash. Lots of equipment goes for way over $10,000.
Maybe because that's the payment the seller prefers? An interesting coincidence: my bosses are rich guys. One of them collects cars. This week, preparing to attend an out-of-state auto auction, he sent his assistant to the bank to cash a large check. She came back with $30k in cash (she came in my office to show me). I don't do business this way, but if I were buying and selling large-ticket items with strangers, for immediate delivery, I want to be paid in something I believe in.
This is not to suggest that my cause is an all-cash economy; it isn't. My cause is resistance to tyranny. I reject any movement in the direction that we're all guilty till proven innocent; that it's up to us to establish the innocence of our motives, and up to us to show why we deserve to be left alone.
My post from antoher thread :
I have an older relative who came up during the depression. At any time you can find him with $1800 in his wallet and $900 in his sock. I bet you anything, if you were to go through his house, you would find at least $10,000 stashed in the house. We have tried to tell him it is stupid to keep so much cash, but to no avail. Suppose he decided to listen to us (i.e. hell froze over) & gathered up the money to take it to the bank or even make a purchase with it (a car or a trip,).
Well, thanks to the Patriot Act, if he does gather up this cash and takes it to any business, he is to be reported to the appropriate agencies. Imagine that, he might be a terrorist or a drug dealer. This man in his 80's that worked his fingers to the bone his whole life will now be investigated by government agencies because of what he might be. Oh yeah, he has hunting rifles. Guns and large amounts of cash. Imagine a sneak & peak in the home of this 80 year old couple. Let's hope the stress of having to deal with something like that doesn't kill them before they get to a judge to argue their rights.