It's because of bullshit laws about potential drug money etc IE they couldn't prove it but suspect because "there's no reason to ever have that much".
The real reason is, it allows the money to move with minimum tracking. They want you to move it via banks so they can lazily follow you around digitally.
Also so they can tax it as it leaves the country, tax it when it enters a different country, tax it again for any other bullshit reason.
They'll claim it's suspicious and a variety of other things , but really it could simply be, you want to move even just a state and prefer to do it with cash.
The money you "earn" in a ccountry isn't your money in their eyes. You're just tborrowing it.
It's not just for tax purposes, but also police funding. In short, the legal loophole to unlawful seizures involves the police department giving the money to the feds. The feds give the seizing department 80% of it back, which they are then allowed to spend on anything they want. Some departments rely on the money to fund their budget, and I recall one even had a margarita maker in their list of purchases.
No one wants to fix it, because the federal government gets free money for no effort, the police departments get to keep most of what they take, and politicians can pretend this is doing something to prevent drug crime or terrorism.
Oh, and you don't get a public defender when you fight to get your money back either, because you haven't been charged with anything.
It's because of bullshit laws about potential drug money etc IE they couldn't prove it but suspect because "there's no reason to ever have that much".
The real reason is, it allows the money to move with minimum tracking. They want you to move it via banks so they can lazily follow you around digitally.
Also so they can tax it as it leaves the country, tax it when it enters a different country, tax it again for any other bullshit reason.
They'll claim it's suspicious and a variety of other things , but really it could simply be, you want to move even just a state and prefer to do it with cash.
The money you "earn" in a ccountry isn't your money in their eyes. You're just tborrowing it.
It's not just for tax purposes, but also police funding. In short, the legal loophole to unlawful seizures involves the police department giving the money to the feds. The feds give the seizing department 80% of it back, which they are then allowed to spend on anything they want. Some departments rely on the money to fund their budget, and I recall one even had a margarita maker in their list of purchases.
No one wants to fix it, because the federal government gets free money for no effort, the police departments get to keep most of what they take, and politicians can pretend this is doing something to prevent drug crime or terrorism.
Oh, and you don't get a public defender when you fight to get your money back either, because you haven't been charged with anything.