> Paying something $10,000 cash strongly suggests you’re buying something illegal, or you got this money illegally (not necessarily unethically, but still illegally).
Since when?
Maybe I just want to buy a handsome dog that won a show?
What does it have to do with cash? Ever heard of bank transfers? Spending $10,000 cash sounds ridiculously unsafe for both parties.
> Since when?
Drug deals, money laundering schemes, theft, ransoms, etc.
I fail to see non illegal way to obtain $10,000 cash. And if you can get it legally, just do bank transfers instead
Because it _is_ none of your business. But feel free to review the thread, there are plenty of examples why having large cash reserves and transaction may be helpful for a given situation.
The argument for reporting is equivalent to "you have nothing to hide" and privacy. This is another aspect of privacy.
What if I have a fetish and want to buy some crazy sex swing. I don’t want you to know, I don’t want the bank to know, or the government to know. This is 100% legal and 100% none of your business and I prefer to keep it that way.
Unfortunately that’s what makes it scary, what you’re saying isn’t true. Look up “L3 Processing Data” which is becoming more and more common (which informs the payment provider/bank about exactly what you purchased). AmEx for example is notorious for implementing that.
Furthermore, they don’t need the details. What if I just don’t want the government or bank to even know that I spent $10K at “Smucks Sex Store Co.”?
Anyway, I hope you’re starting to see the importance of privacy and cash. Even if they’re ridiculous and silly to someone else.
Since when?
Maybe I just want to buy a handsome dog that won a show?