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A comment on A Chinese American gangster transformed money laundering for drug cartels. Parent comment

Re:A Chinese American gangster transformed money laundering ... by mavili on Friday October 14, 2022 @06:04PM (#33209361)
It's not about the cash per se, it's big brother wanting to know how you got the money in the first place. If you can show it's all legal and taxes paid then no problem cash is fine. But of course as soon as you mention cash, eyebrows are raised "why would someone want to keep that much cash and not want to put it in a bank if they are all clean?"

Big brother wanting its lion share in everything you earn is the crux of it.

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Re:A Chinese American gangster transformed money laundering ... by mutt2016 on Friday October 14, 2022 @06:36PM (#33209606)
Federal tax. Provincial tax. School tax. Sales tax. Federal sales tax. Tax on fuel. Tax on alcohol. Tax on tax on tax.

Well... At least the infrastructure isn't falling apart and crime isn't rampant...in rich neighbourhoods.

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Re:A Chinese American gangster transformed money laundering ... by novok on Friday October 14, 2022 @09:26PM (#33210702)
When your an immigrant and your money is from places with bad records, they can't really push too much beyond it, or tax you for money made out of the country where you were not a citizen or resident of the USA. Shitty undeveloped countries are essentially a laundry for cash in general.

Hell even credit ratings don't cross borders.

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