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Response to treestar (Reply #18)

Tue Apr 1, 2014, 02:00 PM

32. A lot of it is the underground economy

I see them at the bank, making large cash withdrawls into the 5 figures. All the bank employees know what's going on. Meanwhile when I deposit more than 10K in cash from my store I have to show ID, provide my SS# and fill out a federal form.

People aren't going to like this but the government could take just a couple steps and make it much harder to pay people under the table, like requiring some sort of reporting when pulling more than 5K for example out of a bank. Eliminating 50s and 100s would also help, it would make it harder to move money out of the country. Eliminating cash altogether would be best, but I don't think most people would agree to that.

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Scuba Mar 2014 OP
Oscarmonster13 Mar 2014 #1
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Journeyman Mar 2014 #4
Scuba Apr 2014 #10
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a kennedy Apr 2014 #16
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allan01 Apr 2014 #25
Scuba Apr 2014 #26
Chellee Apr 2014 #31
treestar Apr 2014 #18
joeglow3 Apr 2014 #30
LineLineLineReply A lot of it is the underground economy
Mosby Apr 2014 #32
hue Apr 2014 #33
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