🎓 Dr. Freemo 🇳🇱 @freemo@social.cleverlibre.org

@koherecoWatchdog But no one is suggesting anything that would assume everyone has a bank account.. I am suggestions protections for people who do have a bank account to enable them to safely use that account to interact with people who dont. Without fear of IRS reprisal.

@koherecoWatchdog

they can profit as a bank just fine not knowing where my money came from.. Yes they do violate my privacy to make more money im sure, but there is no inherent need to do so.

Im not saying they cant have some info, how much I deposit, when, , how long my money stays in there... fine.. but they do not need to know who i am transacting with and why to make profit.

@rms

@koherecoWatchdog

I disagree, if we have a fundemental right here a bank can not legally invade our privacy and review the source and destination of our transactions (without a court order) then we can facilitate accepting cash transactions from people who do not have bank accounts, and better secure the right to not needing one.

@rms

@koherecoWatchdog

Semantics arent really important to me, whether calling it an indirect requirement is appropriate or not is not something that has value to debate... the point is, the laws in place make it virtually impossible to run a large business without using a bank.

Honestly banks shouldnt even be able to know how or where your money comes from, that information should not be accessible to them as I should have some garuntee of privacy over my money.

@rms

@koherecoWatchdog

AsI said at the onset, the law does not directly forbid the transaction, but it indirectly makes it infeasible effectively making banks a requirement indirectly.

@rms

@koherecoWatchdog

It isnt their "choice" it is forced upon them due to the requirements placed upon them by the IRS.

@rms

@koherecoWatchdog
=
Have you ever tried to buy an expensive car from a car dealership with cash? Good luck, and they will claim its due to the requirements of IRS reporting that they need to verify the legitimate source of the money before taking it, and therefore wont.

@rms

@koherecoWatchdog

Yup I am aware, and I am saying that should be against the law.

@rms

@trinsec We call those people drug addicts :)

@koherecoWatchdog

Not entierly true.. Purchases over 10K must show a paper trail and must be reported. I have tried to buy cars and even homes with cash, they simply wont take it without a detail trail on the money.

@rms

@koherecoWatchdog @rms

Originally from the USA, thugh thyese days I spend little time there though I do maintain a business and home in the USA.

In the USA a bank is not **directly** required by law, but it is effectively required by law as a consequence of other less direct laws.

For example, I cant legally send cash in the mail, I cant legally transport cash across borders, You cant legally pay for things in large quantities of cash without the help of a bank to show a paper trail, etc.

For all intents and purposes the other existing laws make it impossible to deal with large amounts of money without a bank account.

I should have never drank coffee this morning... i feel like shit now.

@hasmis

It used to be called bangkok before i visited, now its called virginkok.

@mxtthxw not really sure, i dont pay much attention over there to be honest. My mastodon cross poster posts my content there but otherwise im not opening it to check usually.

I might buy the blue check mark on twitter even though i rarely use twitter just to show im willing to pay for less or no ads... but maybe not, feels a bit icky to be honest.

@koherecoWatchdog @rms

Personally i support this boycott. Banks should not have the right to deny clients based on the legal activities they perform.

We are required by law to use banks and simply can not operate legally as cash businesses. So as long as what you do is legal i will support any law that prevents banks from denying service based on a category of what you sell.

Even if you dislike guns this is a dangerous precedence to let banks decide what you do with your own money.

@riotmuffin while i dont agree the democrats are on the right, in fact id say many are extreme left, i do agree with the rest of what you said.