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Monetary Tracking Begins in France
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 34441843:MV8yMTQyNDYyXzM2MTgyODQyXzJBQkU0RUUw] [quote:Anonymous Coward 34564994:MV8yMTQyNDYyXzM2MTgyNTU3XzRCMTcxODdE] "Give me control of a nation's currency and I care not who makes the laws." Guess who????? [/quote] obama? [/quote]
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We know it's about stuffing [future] bank transaction fees into the banks' pocket.
With this law, the French government will be able to tighten the vise on its people one more turn, restricting their freedom of choice (how to pay), wiping out any privacy in those transactions, and imposing another layer of government control. Once people have gotten used to the €1,000 limit—based on the great principle of incrementalism with which restrictions of freedom come to pass in democracies—the vise will be tightened further, until the government can document every purchase made by “fiscal residents.”
Stuffed into that 20-page national plan is a draconian tool: prohibiting cash payments of over €1,000 per purchase. The current threshold is €3,000. It’s urgent. He wants to get the process started soon so that “a decree and legislative measures” can be finished by the end of 2013.
Two crisp 500-euro bills and a single coin: voilà, an illegal transaction.
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