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Money structuring is basically where a guy takes out regularly...amounts of $9k or $7k...like every 3 days. Obviously the guy knows the $10k problem and gets around it by staying under the limit. Most of these law-breakers are stupid enough not to structure the amounts like $5k on Monday and $9k on Wed and $3k on Friday. Lets face it...why move this much money around in cash? If you intend to buy something these days...you pay in credit cards or with a check...no one hands $8k over for a pontoon boat in cash. If Rush was taking out $24k a week...and each time it was $8k...then I'd suspect something more suspicious.

In Europe, most plumbers and roofers get work on weekends...and take the money in cash. Every couple of months, they take a weekend off and run off to Luxembourg to deposit thousands of Euro into secret accounts and avoid taxes on the money. Its a common activity. The Germans have roadblocks set up around different roads leading into Luxembourg....and force people to open up their cars and their pocketbooks. Anyone with more than $10k in their pocket is automatically a suspect for a tax fraud deal.

Money structuring is basically where a guy takes out regularly...amounts of $9k or $7k...like every 3 days. Obviously the guy knows the $10k problem and gets around it by staying under the limit.

In other words, it is an unenforceable law that basically allows government to pry into the citizenry's private business.

Lets face it...why move this much money around in cash? If you intend to buy something these days...you pay in credit cards or with a check...no one hands $8k over for a pontoon boat in cash.

Sure they do. If you have cash and want to pay in cash, people should be free to pay in cash.

Every couple of months, they take a weekend off and run off to Luxembourg to deposit thousands of Euro into secret accounts and avoid taxes on the money. Its a common activity. The Germans have roadblocks set up around different roads leading into Luxembourg....and force people to open up their cars and their pocketbooks. Anyone with more than $10k in their pocket is automatically a suspect for a tax fraud deal.

FORMER Georgia Senator Max Cleland introduced or supported a similar bill. If there was a consumption based tax, instead of an income tax, it would be much more simple for the government (US or European) to collect taxes and the intrusion into private life would not be needed.

...you intend to buy something these days...you pay in credit cards or with a check...no one hands $8k over for a pontoon boat in cash...

A little anecdotal evidence here - about two months ago I had $3,000 in cash that I used to almost pay off our minivan. I had to fill out a form for momma guv'ment to read. I told the cashier that one of these days we'll be sorry for allowing the government into every area of our lives. I got the doe-eyed aint-got-a-clue look for my troubles.

Didn't Benjamin Franklin write that he'd rather go to bed hungry than wake up in debt? (don't quote me but I read that somewhere one and it stuck with me). I like cash and if it's my cash then it should also be my business.