re: Cali man has $29k siezed in Chicago airport without charges

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’s disgusting seeing Americans say a person can be robbed of their money, without committing a crime. ????????????

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Being anti CAF is akin to being anti tax to Americans nowadays. The government has done it's job well.

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You will have to forgive me if I think someone exercising his legal rights is a good thing, not something to be scared of.

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You guys are both basically right.

It's the dude's right, he was doing nothing illegal. But at the same time, if $29k is that important to you, and you know the messed up CAF law, is it really a good idea to walk around with $25k? If this guy often carries lots of cash around I'd think he'd be well aware of CAF and the cops' ability to just snatch your money for no real reason.


It's legal for me to take my 2 young kids anywhere I want to any public place or street in America, but it wouldn't be the smartest decision for me to take my 2 young kids right into the heart of the gang fights in Chicago at 2am, would it?


It's basically the same thing, except it's the cops robbing you of your money and doing so legally by law.

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I had $15k cash on me when I went to buy my current truck. It is a pretty cut and dry way to buy vehicles.

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Why not a check? That doesn't seem wise not even factoring in this OP topic of CAF.

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Eta: I also had $20k on me after selling my last truck. The guy's bank gave me a check, and I cashed it right there

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Why?

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Why not a check?

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i have started buying goods on FB marketplace and those people won't even accept a certified check

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It's the dude's right, he was doing nothing illegal. But at the same time, if $29k is that important to you, and you know the messed up CAF law, is it really a good idea to walk around with $25k? If this guy often carries lots of cash around I'd think he'd be well aware of CAF and the cops' ability to just snatch your money for no real reason.

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That kind of sounds like circular logic though.

Gov’t steals money from people without needing to file any criminal charges. Some well-publicized instances lead to outrage. Therefore, it’s the next guy’s fault because he should have known better?

No! It’s the government’s fault for stealing money in the first place!

ETA:

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It's legal for me to take my 2 young kids anywhere I want to any public place or street in America, but it wouldn't be the smartest decision for me to take my 2 young kids right into the heart of the gang fights in Chicago at 2am, would it?

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The difference between these scenarios is that our elected officials haven’t legalized the gang fights. If the electorate holds the government accountable, we can actually do something about CAF.

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Gov’t steals money from people without needing to file any criminal charges. Some well-publicized instances lead to outrage. Therefore, it’s the next guy’s fault because he should have known better?

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Never said it was his fault.

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The difference between these scenarios is that our elected officials haven’t legalized the gang fights

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Sure but there's still something to the fact that as of now they can legally take your money with no trial, so I think the comparison is fair because it is solely pointing out that just because you're following the law or doing something legal doesn't mean it's the smartest decision you can make. Yes, you should be able to make that decision with no worries or consequences, but unfortunately, you can't.

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if you are going to carry over 10k you might want to have proof of where that cash came from.

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Absolutely no.

I’ve had a $50K on my person to Mobile. No issues.
I’ve had $135K on my person to LA. No issues

Both times I flew. Both times the bag was scanned

I flew out of a smaller airport. Maybe that’s the difference.

shite like this only serves to exemplify how corrupt our government can be.

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Why not a check?

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I've seen this several times and I can only assume those posting it have never made a large purchase in cash before. There is a power in using a stack of cash to buy something and it is a good negotiating tool.

Maybe the car he was buying was priced at $35k. Show up and say I brought $29k in cash and let them see it and you have great negotiating power. I have a finite amount of money with me (I can make my check for a larger amount or wire more money) and they can visually see the bills and not a piece of paper.

Dave Ramsey talks about this in some of his books. I have done it and it works, although it has been smaller amounts. In DR's books, he actually talks about going to buy an investment house and putting cash that is 25% lower than asking in a briefcase (I think it was in Financial Peace Revisited where I read it). Would love to get to that point someday.