Comment by MEMORYC_RRUPTED
3 days ago
While I don't disagree with the general statement, I do want to add the nuance that this isn't true for small amounts of cash money. Recently, the government even recommended people to keep more cash on hand in case of emergency / large scale disruptions to the financial system.
Even with large amounts of money, it's not like they're knocking on doors, looking under yer bed.
What constitutes a large sum depends a bit based on the situation (or what kind of person you are!).
A 2020 study found the average seized was $1300: https://en.wikipedia.org/wiki/Civil_forfeiture_in_the_United...
In some states, the average seized amount is in the hundreds, or even less: https://thewhyaxis.substack.com/p/cops-still-take-more-stuff...
In Chicago, they are taking amounts less than $100: https://reason.com/2017/06/13/poor-neighborhoods-hit-hardest...
"You are too poor to fairly have $100, so we're taking it" seems insane to me.
What is small and what is large is a matter of opinion.
If they are out to get you and can't find anything incriminating, cash will do. The press will happily report on this too : 'There was a police raid so and so, nothing was found but they found a (large) amount of cash'.
Furthermore, our government is planning legislation to make cash transactions > € 3000 illegal.
The media will sensationalize anything. Another favorite is claiming someone had "hundreds of rounds of ammunition" when even someone who just shoots recreationally, let alone competitively, would burn through that in an afternoon. It's like accusing a golfer of going through hundreds of balls at the driving range . . . yeah, that's the point of going.
> What is small and what is large is a matter of opinion.
There's certainly there's some vagueness in the middle, for me a few hundred isn't large, but a grand is, and I don't know that everyone would agree, but I think most everyone would agree that $5 is small and $10,000 is large.
$10,000 doesn't seem particularly large. Just a few years ago, I bought an old truck for $12,000 in one hundred dollar bills.
If you're worried about large drug transactions, a kilogram of cocaine would cost around $20,000-40,000 in the USA, and significantly more in Europe (actual wholesale price for bulk purchase, not inflated police figures that price it at $150/gram).
Personally I think one month of apartment rent should not be considered a suspiciously large amount of cash, and it should be fine to buy a car from a friend using actual cash. I really don't see the downside of leaving those things legal without a threat of civil asset forfeiture.
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The effect of 25% inflation over the last five years is that what used to be definitely acceptable ($8000) is now an amount to be reported and questioned ($10000).