this post was submitted on 24 Jul 2024
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Privacy
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I'm a huge privacy advocate, but on this issue I'm with the regulators. 3k EUR is plenty. More than the harmonized monthly average salary of the EU, in fact, which sits at below 2,200 EUR (source).
So people who value their privacy that much can easily receive their salary in cash and take care about their daily expenses without compromising anything.
For the odd purchase beyond that, the integrity of our society prevails. Money laundering and tax evasion are a major concerns everywhere in the world. Your advocacy pro-privacy actively harms honest taxpayers and governing bodies.
I can't but agree. 3k is more than enough to pay even for home stuff. You can buy plenty of things under 3k in a single purchase. And if you're willing to buy further than that, then I'm sorry but you'll need to put society first. If you're willing to buy full cash a house, I'm gonna think you're money laundering and you can go fuck yourself.
It seems it doesn't apply to person-to-person payments, only commercial. So I guess you could still buy a house from individual with cash. Whether they'd be willing to deal with the cash is another question.
I don't know if this applies to the entire EU, but home purchases need to be notarized. You can't just transfer a deed for a house without the government knowing.
Yo dog I got ur house