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Message
re: .
Posted on 1/26/17 at 10:10 am to BamaGradinTn
Posted on 1/26/17 at 10:10 am to BamaGradinTn
quote:
American Express Travelers Checks.
Anyone can walk into the AAA office in Murfreesboro, TN, and buy them and mail them anywhere in the world. Completely liquid and untraceable. Completely refundable if lost or stolen. Absolutely untraceable. No card. No bank account. Nothing online. Zero ability of Uncle Sam to get a penny.
and what happens when it's a federal crime for a financial institution to aid someone in avoiding the remittance tax?
you think American Express is going to take that risk?
1
Posted on 1/26/17 at 10:12 am to therick711
quote:
Yep, no tax has ever been collected. Too hard. Taxing authorities should just give up.
We already don't collect income taxes on illegals
And now you think we're gonna collect on the back end? C'mon.
Posted on 1/26/17 at 10:12 am to SlowFlowPro
quote:
American Express Travelers Checks.
Anyone can walk into the AAA office in Murfreesboro, TN, and buy them and mail them anywhere in the world. Completely liquid and untraceable. Completely refundable if lost or stolen. Absolutely untraceable. No card. No bank account. Nothing online. Zero ability of Uncle Sam to get a penny.
and what happens when it's a federal crime for a financial institution to aid someone in avoiding the remittance tax?
you think American Express is going to take that risk?
You really have no clue about how traveler's checks are sold, do you?
Posted on 1/26/17 at 10:14 am to BamaGradinTn
quote:
American Express Travelers Checks.
Anyone can walk into the AAA office in Murfreesboro, TN, and buy them and mail them anywhere in the world. Completely liquid and untraceable. Completely refundable if lost or stolen. Absolutely untraceable. No card. No bank account. Nothing online. Zero ability of Uncle Sam to get a penny.
This is an interesting proposition. It has a couple of problems. The first is buying them in someone else's name so they can countersign. The second is if you use gift cheques, they have to go to a cashier and sign in front of them to ensure they have been received by the right person. Guess who will catch that transfer? The cashier. If you sign them before mailing, you've sent cash equivalents in the mail. That's problematic.
The last issue we talked about is how stupid clerks don't understand what TCs are and don't accept them. They may also raise some eyebrows in the more rural and poor areas of Mexico.
An interesting thought, though.
Posted on 1/26/17 at 10:16 am to BamaGradinTn
quote:
You really have no clue about how traveler's checks are sold, do you?
it really doesn't matter. the federal government can easily make the reward of doing business much less than the risk of doing business
again, this is exactly what happened with online poker
at first thy hit the banks
then they hit the credit cards
then they hit the prepaid credit cards
now they're going after bicoin
it's the exact same issue with the policy examples already displayed
Posted on 1/26/17 at 10:18 am to SlowFlowPro
Dude people transfer money illegally every day. They will find a way to do it. You can play devil's advocate with each method suggested in this thread, but there are plenty of other creative ways.
Like I said, every day illegals cross the border, drugs cross the border, and money will cross the border tax free. Book it.
Like I said, every day illegals cross the border, drugs cross the border, and money will cross the border tax free. Book it.
Posted on 1/26/17 at 10:19 am to therick711
quote:
American Express Travelers Checks.
Anyone can walk into the AAA office in Murfreesboro, TN, and buy them and mail them anywhere in the world. Completely liquid and untraceable. Completely refundable if lost or stolen. Absolutely untraceable. No card. No bank account. Nothing online. Zero ability of Uncle Sam to get a penny.
This is an interesting proposition. It has a couple of problems. The first is buying them in someone else's name so they can countersign.
Why would you have to buy them in someone else's name? Buy them in your own name, just as any American headed overseas would do. Make them out to your relative in Mexico and sign it, then mail them. If they get lost in the mail, so what? They are replaceable.
Posted on 1/26/17 at 10:20 am to cahoots
You don't have to catch every transaction. That's what you ignore. The premise of this thread is stupid.
Posted on 1/26/17 at 10:21 am to BamaGradinTn
quote:
Why would you have to buy them in someone else's name? Buy them in your own name, just as any American headed overseas would do. Make them out to your relative in Mexico and sign it, then mail them. If they get lost in the mail, so what? They are replaceable.
If you countersign them, they have to be honored no matter what. That's what Traveler's cheques are. That's how they work. If they get "lost in the mail" someone has your money before you've determined they are lost.
Posted on 1/26/17 at 10:21 am to therick711
Yeah but it costs money to catch illegal transactions, which defeats the point. The funding mechanism falls apart really fast when you have to police so many small illegal transfers.
Posted on 1/26/17 at 10:22 am to cahoots
quote:
Dude people transfer money illegally every day.
likely in areas the government doesn't really monitor
if it becomes a priority, it will not be easy other than physical transfer of money. even BTC requires a hub like coinbase, and coinbase is already under serious investigation by the feds. plus the IRS regs on accounting for your BTC open up illegals for further targeting and exposure
quote:
Like I said, every day illegals cross the border, drugs cross the border, and money will cross the border tax free.
sure no policy is 100%
the government doesn't have to have a 100% success rate. even if they have a 50% success rate, they win (big)
this hope that fedgov isn't so huge and such a leviathan that it couldn't figure out how to deal with these issues is just silly
we live under a damn near police state. the feds have almost unlimited power if they want to target an area
Posted on 1/26/17 at 10:23 am to SlowFlowPro
quote:
Sure no policy is 100%
the government doesn't have to have a 100% success rate. even if they have a 50% success rate, they win (big)
this hope that fedgov isn't so huge and such a leviathan that it couldn't figure out how to deal with these issues is just silly
we live under a damn near police state. the feds have almost unlimited power if they want to target an area
This
This post was edited on 1/26/17 at 10:24 am
Posted on 1/26/17 at 10:24 am to SlowFlowPro
quote:
it really doesn't matter. the federal government can easily make the reward of doing business much less than the risk of doing business
again, this is exactly what happened with online poker
at first thy hit the banks
then they hit the credit cards
then they hit the prepaid credit cards
now they're going after bicoin
it's the exact same issue with the policy examples already displayed
That's because all of those things are hi-tech, compared to a traveler's check. When you buy a traveler's check, the issuing institution has absolutely zero way of tracking who you make the check out to or where it was sent. There is no account with the issuing institution or American Express. They are untraceable. You can say all day that the government can just make it more difficult, but short of taking traveler's checks completely off the market, it's impossible.
Posted on 1/26/17 at 10:24 am to cahoots
quote:
Yeah but it costs money to catch illegal transactions, which defeats the point.
the point is to stop the behavior; not to make money
quote:
The funding mechanism falls apart really fast when you have to police so many small illegal transfers.
police don't have to do this work when the feds shift this to the institutions that will be used to process these payments
it's one of those dirty tricks of the leviathan. they get to free ride on the efforts of private industry
usually the private industry just stops engaging in the behavior to avoid the transaction costs, and the underground economy dies
Posted on 1/26/17 at 10:25 am to SlowFlowPro
quote:
this hope that fedgov isn't so huge and such a leviathan that it couldn't figure out how to deal with these issues is just silly
we live under a damn near police state. the feds have almost unlimited power if they want to target an area
Drug trade? Gun trade? Sex trade?
Posted on 1/26/17 at 10:25 am to cahoots
Mail cash? US to LA (Latin America) mail will get X-ray'd and dog-sniffed.
Travel to Mexico with cash? Illegals can't just walk back and forth over the border.
Pay someone to mule cash? Border Enforcement will confiscate the hell out of that shite and send a lot of folks to jail. Good luck with that.
PayPal can be instructed to implement a fee/tax for all transfers to LA.
Bitcoin? Good luck exchanging that to currency in Mexico.
Offshore accounts? You do realize we're talking mostly about illegals who average about a 6th grade education, right? Who do you think is sending most of the $25+ billion in remittances every year to Mexico?
IPhones? You're joking right? Again, under-educated illegals and upwards of $25 billion in remittances. I'm pretty sure customs enforcement would notice billions in goods flowing over the border as a supplement to remittances and currency exchange.
Dumb.
Travel to Mexico with cash? Illegals can't just walk back and forth over the border.
Pay someone to mule cash? Border Enforcement will confiscate the hell out of that shite and send a lot of folks to jail. Good luck with that.
PayPal can be instructed to implement a fee/tax for all transfers to LA.
Bitcoin? Good luck exchanging that to currency in Mexico.
Offshore accounts? You do realize we're talking mostly about illegals who average about a 6th grade education, right? Who do you think is sending most of the $25+ billion in remittances every year to Mexico?
IPhones? You're joking right? Again, under-educated illegals and upwards of $25 billion in remittances. I'm pretty sure customs enforcement would notice billions in goods flowing over the border as a supplement to remittances and currency exchange.
Dumb.
Posted on 1/26/17 at 10:25 am to BamaGradinTn
quote:
That's because all of those things are hi-tech, compared to a traveler's check. When you buy a traveler's check, the issuing institution has absolutely zero way of tracking who you make the check out to or where it was sent.
and if it's a mandatory minimum sentence of 10 years in jail for any clerk AND manager who work in a company that aids avoiding this tax and the issuing company gets a $10M fine for it you think they're going to take the risk?
Posted on 1/26/17 at 10:27 am to cahoots
quote:
Drug trade? Gun trade? Sex trade?
WOD is massive and only countered by sophisticated cartels
the biggest supplier in the illegal gun trade was the federal government (see: Fast and Furious)
sex trade? have you seen the insanity going on in this area? did you not hear about front page?
Posted on 1/26/17 at 10:27 am to therick711
quote:
If you countersign them, they have to be honored no matter what. That's what Traveler's cheques are. That's how they work. If they get "lost in the mail" someone has your money before you've determined they are lost.
Yeah, that's true. Show you how long it's been since I used one.
But you could use one of the tactics previously mentioned. The recipient could countersign your name when they get them. Probably wouldn't be that difficult.
Posted on 1/26/17 at 10:30 am to SlowFlowPro
quote:
even BTC requires a hub like coinbase, and coinbase is already under serious investigation by the feds. plus the IRS regs on accounting for your BTC open up illegals for further targeting and exposure
Requires? Come on, my fellow crypto connisseur
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