My hot take: this isn't terrible, a human carrying $100, 000 on a plane without declaring it is on some shady gangster shit and if for some crazy 1% chance they weren't they have an avenue to get it back.
If Cuba did this exact thing I would be fine with it, it doesn't become automatically bad because it's the US.
Even if we grant the premise that someone carrying a ton of cash is suspicious, that in no way excuses a state authority from seizing it when there is no evidence of a crime being committed.
I can fly with a $100,000 necklace. Or send $100,000 worth of bitcoin to another country. Why is cash different? Also, we have to get real here for a second, $100,000 is less than 6 months of salary for about 10% of the us population and they can have their money seized for having only 1 months salary. That's driving to the bank and picking up 2 pay checks in cash being grounds for civil forfeiture even if there is no other evidence of a crime occurring. Transporting cash only seems suspect because it is uncommon for someone to do.
Having said that, who the fuck walks around with six months salary on them? "Lemme just run over into town and go buy an entire BMW M5 or 91 iPhone 13 Pro Maxes in cash with the one and two thirds median salaries I've got just sittin' around in my wallet!"
That is an absurd amount of money to be carrying around, literally that's a downpayment on a 3000 sqft house in most metro areas, and why the fuck would you carry that? Write a check, dude! Use your debit card! Even in a scenario where civil forfeiture doesn't exist, transporting that amount of cash for a reason other than being an armored car carrying money from the mint to a bank makes little sense.
Eh, I've handled a large amount of cash when I sold a car on craigslist. Not that much but I wasn't about to do the deal in anything other than cash. You can't even meet someone in a bank parking lot to exchange cash without fear of seizure. I agree that you probably shouldn't ever have that much cash but it's a bit much that you can't buy high value items from non-corporate private parties.
People who don't have bank accounts keep their money in cash. This isn't strange. I've worked jobs where literally every one of my coworkers used check cashing services at gas stations had didn't have bank accounts. It's not unreasonable that they might have savings of that amount accumulated over the years or pooled by family.
Jesus fucking Christ on a cracker. Yeah, the US needs postal banking.
Secondly why would you carry that around with you? It's this big. That's absurd. What are you spending $100,000 on all in one place? Prepaying for a year of college at U of Chicago or something?
Yeah, this is the cheapest way to move savings from one bank to another. They charge for wire transfers, so withdrawing everything you have in cash and physically moving it to a new bank is sometimes the best option.
Or if she was in the process of buying a house in a new place and the $100,000k cash was payment. There are a lot of "for sale by owner" homes around here that want cash only for their homes.
My hot take: this isn't terrible, a human carrying $100, 000 on a plane without declaring it is on some shady gangster shit and if for some crazy 1% chance they weren't they have an avenue to get it back.
If Cuba did this exact thing I would be fine with it, it doesn't become automatically bad because it's the US.
Even if we grant the premise that someone carrying a ton of cash is suspicious, that in no way excuses a state authority from seizing it when there is no evidence of a crime being committed.
:downbear:
I can fly with a $100,000 necklace. Or send $100,000 worth of bitcoin to another country. Why is cash different? Also, we have to get real here for a second, $100,000 is less than 6 months of salary for about 10% of the us population and they can have their money seized for having only 1 months salary. That's driving to the bank and picking up 2 pay checks in cash being grounds for civil forfeiture even if there is no other evidence of a crime occurring. Transporting cash only seems suspect because it is uncommon for someone to do.
Civil forfeiture is bad and should not exist.
Having said that, who the fuck walks around with six months salary on them? "Lemme just run over into town and go buy an entire BMW M5 or 91 iPhone 13 Pro Maxes in cash with the one and two thirds median salaries I've got just sittin' around in my wallet!"
That is an absurd amount of money to be carrying around, literally that's a downpayment on a 3000 sqft house in most metro areas, and why the fuck would you carry that? Write a check, dude! Use your debit card! Even in a scenario where civil forfeiture doesn't exist, transporting that amount of cash for a reason other than being an armored car carrying money from the mint to a bank makes little sense.
Eh, I've handled a large amount of cash when I sold a car on craigslist. Not that much but I wasn't about to do the deal in anything other than cash. You can't even meet someone in a bank parking lot to exchange cash without fear of seizure. I agree that you probably shouldn't ever have that much cash but it's a bit much that you can't buy high value items from non-corporate private parties.
People who don't have bank accounts keep their money in cash. This isn't strange. I've worked jobs where literally every one of my coworkers used check cashing services at gas stations had didn't have bank accounts. It's not unreasonable that they might have savings of that amount accumulated over the years or pooled by family.
Jesus fucking Christ on a cracker. Yeah, the US needs postal banking.
Secondly why would you carry that around with you? It's this big. That's absurd. What are you spending $100,000 on all in one place? Prepaying for a year of college at U of Chicago or something?
It's pretty straight forward. If you don't bank and you need to move, buy something, etc, the physical money has to go with you. Easy.
Yeah, this is the cheapest way to move savings from one bank to another. They charge for wire transfers, so withdrawing everything you have in cash and physically moving it to a new bank is sometimes the best option.
Or if she was in the process of buying a house in a new place and the $100,000k cash was payment. There are a lot of "for sale by owner" homes around here that want cash only for their homes.
How is a woman from Chicago going to declare her cash? She's crossing state borders not national ones, there is no customs form for that.
:downbear:
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The forfeited cash buys more military equipment for cops.