Australia bans cash payments over $10k

Unless you launder money I don't see the problem?

This 10000%

There is no other reason anyone needs or deserves. The government already takes $300 a week out of my pay and they want to tell me what I can and can't do with my money after tax, gettt farkkeeddd cunts

Also please rename GST to universal tax on everything that fucking exists ever

This is good now all the bikies , drug dealers will have to funnel thier wads of black amrket cash into bitcoin atms for bitcoins

mate the bikies are all over Bitcoin already

More room for crypto adoption.

Daily reminder:
The Australian government will confiscate your savings to bailout banks

ainsliebullion.com.au/gold-silver-bullion-news/senate-passes-e2-80-98bail-in-e2-80-99-law-e2-80-93-how-safe-is-your-cash-now-/tabid/88/a/1722/default.aspx

This is what happens when you give up your guns.

Ausfags had better start stacking precious metals before it's too late

Best bit about this legislation is, it doesn't affect law abiding citizens at all, but will immediately put a stop to criminal activity. It is beautiful.

no one fucking buys a car with cash unless you live in a literal third world shithole

but then again, australia is a third world shithole

desu desu desu, any decent car dealer accepts bank deposits, cheques and even credit cards if you got a decent one

10k in paper money is beyond retarded

I would buy some spare parts for my old cessna

Yes, so is paying those bank fees and (((them))) knowing your every purchase goyim. Fuckin kill yourself now cunt

Good goy, we wouldn't want you purchasing anything without us getting our cut, right?

No, one is enough. Not like I can afford more than one since I lost all my money on ChainLink. Was worth it though when Sergey finally started marketing LINK in 2028 and it went up 15% to 2 cents (0.00000002 satoshi)

>Can pay cash but worries about fee's
>Self inflated ego to think (((they))) care about (you)
I can tell that you are arguing just to argue rather than with the intention of changing opinions.

Guns, drugs, precious metals, watches.

I've bought numerous cars, all worth over $10k, with straight cash to avoid paying 10 fucking per-cent GST.

everything in australia now costs $9999 or less

Cars in cash are quite common, but Australia's "car scene" is perhaps a little different and more prominent to most other places.
Also for tradeskill things - eg getting a veranda put in, roofing, pools, sheds etc people will often pay with cash.

>immediately put a stop to criminal activity.
XD

You mean Payfair?

>hey man, here's the 1kg of cocaine, that will be $25,000
oh shit, dude how will I pay you? Paying more than $10k in cash is illegal
>crap, guess we have to cancel the deal and burn this cocaine

good goy

>goy keep all your money in a digital savings account so we can freely use it and maybe take a certain percentage if everything goes to shit (this is what happened in greece kek)

This is the same in Canada. It's called "bail in". I live in auscuckland, thanks user.

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That can also be confiscated. I'm going to buy property and keep my money in cryptocurrencies

A bail in wouldve caused a revolution not even 50 years ago. Now people just take it. Its unbelievable

Ah yes, property can't get confiscated.

Strawpoll for which coin will next be added to Coinbase

strawpoll.me/15682869

Only right answer. It's a matter of principle. It is non of GVs business

>Yes, so is paying those bank fees
Do burgers really have fees for every payment? Is it slow as well?

>tfw no fee faster payments

Funny part is, like 20y ago you were able to deposit an amount of cash into your bank account (majority of europe)

>$10k cash payment limit

And you're bitching about it?
In France and Italy it's like 1.5k euro. You ain't seen shit yet.

Cash ban shills like Kenneth Rogoff and Jack 'Aliexpress' Ma want to abolish cash altogether.

No just a door thanks. It's going straight to the pool room.

This.
Here in Italy every now and then there is some faggot proposing to ban cash altogether.

I had wondered this

The worrying thing is that Australia is sitting on top of an enormous property bubble and our banks are over leveraged as fuck. Add to this talk of negative interest rates and new laws that allow the government to confiscate your savings.
The property market is now showing signs of slowing and interest rates are rising, and then suddenly this $10000 limit load of shit pops out the governments ass.

And who cares what Frances limit is, complete joke of a country

The reasons are funny for a cashless society. People who will and want to do money laundring will find their ways anyway, especially with crypto nowadays and other garbage schemes.

And the average Paul from the street would never try something evil!

The noose is set

Part of the global ban on cash. India did it under pretense of fighting tax evasion and drugs and other bs propaganda like child pron. basically just government making government more powerful.

thing is though, if banks can get you to run all transactions through them then they can sell your transaction history to interested parties (advertisers)

Amazon / google / facebook will be the real banks sooner than later

Imo, governments have already lost. Crypto has already become unmanageable for them. Their best bet is to try to make a crypto similar to Bitcoin that has some benefits of using it but allows them to control it. In other words they need to make the Spotify version of freely downloadable music so that normies will largely use that.

SHIT SHIT SHIT
ARCHIVE THIS THREAD NOW
PLEASE SOMEONE GET A 666 TO NEGATE THIS SHIT

Chances are 0 that a GV would come up with something useful like this.

Sounds like it's illegal or suspicious

Can literally see dickhead pollies thinking this up.

>man ice is rampant in Sydney etc.
>how are we going to stop this it's already illegal??
>oh I know we just make money illegal
>turncrack that is fucking brilliant

Fuuck this nanny ass country

It's their only play. The FUD campaign worked for a while but it can't contain it anymore... They need to provide a reasonable alternative since they cannot ban cryptocurrencies

Didn't they already propose that?
>"eAUD"

>It sounds like a good idea in theory. But the Reserve Bank has decided for now not to go ahead with the plan and the reason is somewhat disturbing. They’re worried it could hurt Australia’s banks.

oy veyy!

news.com.au/finance/economy/australian-economy/should-australia-start-its-own-cryptocurrency/news-story/368b3f603f42337c70162cf434777ca2

You know, one angle I hadn't considered is that it doesn't sound like it's tied to inflation.

They can make society fully cashless in a couple decades without doing anything. Zero political price.

how will we be able to buy loaves of bread after hyperinflation?

Only correct answer in the thread.

Tradies here do their business in cash, taxes ads absolutely fucking retarded for the middle class, this country is solely sustained on the backs of those that earn 100k plus while everyone else has the easiest life. Including billionaires who pay the same taxes as someone on the 200k bracket.

Tradies do most of their business in cash to avoid the ato Jews, a lot of people use cash in fact, it’s estomated that half of all the cash in circulation is in 100 dollar bills, because it’s stashed, they’re trying to make it look like they’re attaching drug trafficking but they want to crack down on average blokes doing cash here and there.
Australia is probably the only county actually spending millions on building a crypto task force for the ATO, they’re hiring specialists and increasing the budget, they’re coming for our internet funny money.

They won’t regulate it not help the business in Australia but they will tax the shit out of it, when you pay taxes as a business you’re paying for infrastructure that benefits ur business, roads etc, when you pay the taxes from ur crypto all u get is constant bashing and increasing difficulty running any business crypto related, u literally finding ur own demise.

if any aus here has a brit parent of grandparent i seriously reccomend getting your brit passport so you can switch to nom dom brit resident tax status,

that way it will be legal for you to move your shit to an offshore haven and cash out there. just do your research and dont give these cunts a cent more than you have to. if i could kill every beuracrat and councilcunt in this country instantly i would.

> this
They're trying to take every avenue of slipping under the radar away.
Aus fag here and i live in a regional city.
And every cunt I know that bought a fucking house will lose it if interest rates go up fuck all

threads done, commies btfo

I’m sorry to break it to you but it’s more like
>Jews gathered around a table
>it’s time to push for control of all transactions in the country, electronic transactions are at an all time high, it’s time.
>how can we get this Normies to take it in the ass?
>get some man to murder people with cash? We can ban cash right after using people sympathy
>no no, we already done that twice
>Drug traffickers use cash right?
>Goldstein... you’re a genius.

It’s not like laundering your money it’s just as easy, this is not about money laundering or cracking on drugs, this is about cracking down on your and me and everyone who ever uses cash, specially tradies are about to get fucked up the ass and they will pass that bill on to you.

Who else is going to pay for boomers to live in their mansions until they die pacefully at 100 years old? You surely don’t expect them to find their own retirement like we will have to?

All they have to do is cut tax cuts to the big four and all the other leech multinational cunterations, deport all the 457 visa shitskin cunts that take all the lower end jobs for younger people and invest a fuckload in infrastructure and renewable energy. The boomers are literally Building more trams, fucking TRAMS
REEEEEE

This,
So glad I abandoned that shithole.

I wonder if this would affect the upcoming Nauticus exchange in any way....

where to?

They just gave themselves a multibillion dollar care package to afford to continue living in their own mansions until they die when they turn 100 years old, why are my fucking taxes paying for this?
Specially when we know for certain we won’t have these benefits when we reach that age, it’s been said already the Australian retirement system is unsustainable we would need to triple the population in less than 50 years for millenials to be able to retire with similar coinditions to boomers, is that fucking fair? Maybe these old cunts could sell one of their properties and fund their own fucking retirement, give young people a chance at building a family, boomers are the scum of earth.

>Criminals will now stop criminal activity because another rule is added.
user, I....

Normies actually believe this.

I had this discussion at work and their reply was
“Only drug dealers need to move around that much cash, just write a check”
“Well too bad for tradies they will have to pay taxes like the rest of us”

I didn’t expect anything from Australia and still go dissapointed, freedom of speech is not even a right because our “constitution” is a joke kek.

Just traveled the world since realising it was an absolutely lost cause. Never going back, would unironically rather kms.

Next step will be crypto, I’m thinking of starting a crypto business for people to pay for day to day business like hiring a tradesman etc.

You're one stupid faggot, faggot

> Pay in cash
> Write down lower amount than you paid to pay less taxes when you register car
> CIAniggers never know

You're literally a fucking child, i guarantee it.

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Nothing in Australia has a political price. Ok, actually, no. Sydney pub lockouts had a political price, and if they attacked football or summernats, that would also probably have a political price. Basically if they did anything to attack an apathetic and ignorant bogan voter base in a way that they would immediately notice and it could not be ignored, it would have a political price.
But that political price would be "there would be whinging about it for a few months loudly and nothing would change".
Fuck Australia and fuck 99.99% of Australians.

Actually the one thing I could see there being genuine political repercussions for would be to alter the status quo on negative gearing. The people who rely on that are heavily entrenched and well financed, and would know exactly who to hit and how hard to make the change hurt.

Australians have double digit IQ. What did you expect, really?

You do realize that the ones benefitting the most from negative gearing are politicians right?

And lawyers, and doctors, and basically everyone that has bought into the property meme at all with sufficient financial firepower to participate, yes. And those people know and understand how the system works, and indeed as you say they *are* the system a lot of the time.

>totally not a Jewish poster

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Wouldn't crypto be treated as cash in this case?

Sweatingpepe.jpg

>people shouldn't have a right to privacy

I see a lamppost in your future.

This

rich people have no problem hiding money, and crypto is making it easier. organized criminals dont give a fuck either, and also use crypto or shell companies. all this does is makes sure tradesmen and people like them pay their full tax rate, and theres no way theyre moving to bitcoin with this little infrastructure for it.

> Put to rest the issue of slavery in the US by introducing a bill ending all foreign aid to Israel, and giving the US population of blacks descended of African slaves in the US a one time payment. This payment will be equivalent to the next ten years of aid to Israel divided by the number of recipients. Enshrined in this bill will be a permanent ban on providing foreign aid to Israel, including a death penalty for any politician introducing a bill that would lead to foreign aid to Israel.
AHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHAHAHhahahahahahhahahahahah
ahhh.
So I guess they're going to be doing to this guy what they did to Roger Ver pretty soon?

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pic related for those unaware.

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Hes currently 2nd in the primaries. 1st and 2nd debate in the general. It's going to be fantastic, user.

If he actually kicks out Feinstein I will spend a month picking my jaw off the floor. I'm too cynical to believe change within the system is actually possible, the entire corrupt facade must be burned to the ground in my view. Political authority is an inherently poisonous institution, because I said so is an absolutely terrible basis upon which to run anything, and that's what political authority really boils down to when you remove all the window dressing.