Re:EU-wide maximum limit of €10K for cash payments
by helloworld11 on Wednesday December 14, 2022 @07:16AM
(#33982481)
>Privacy shouldn’t exist for financial transactions. It makes it easier to launder money or hide wealth. There is no other use for “dark” financial transactions.
This makes a very tenuous assumption that government is always justified in any money it seeks to take away or trace, or that nobody ever has a good and even moral reason for hiding their money from a hungry state.
That's an awfully narrow view of reality or even the long history of governments becoming downright predatory.
Yes, privacy absolutely should exist for financial transactions. It's flat out naive, or elitist and authoritarian to believe that the state deserves a constant right to know where every penny you have goes and how to confiscate it whenever it pleases.
This makes a very tenuous assumption that government is always justified in any money it seeks to take away or trace, or that nobody ever has a good and even moral reason for hiding their money from a hungry state.
That's an awfully narrow view of reality or even the long history of governments becoming downright predatory.
Yes, privacy absolutely should exist for financial transactions. It's flat out naive, or elitist and authoritarian to believe that the state deserves a constant right to know where every penny you have goes and how to confiscate it whenever it pleases.