>>2836149
>As you already described, the wealth of rich people is often tied up in assets.
Yes, because they think it’s safe. It’s not. Ask sex kitten Caroline Ellison.
>It would leave a paper trail if you tried to turn those into money.
And?
“What did you do with that $2 million in cash?”
“I lost it gambling, I spent it on drugs and hookers, it fell off a boat, O ate it…”
Or just don’t say anything.
>Having large sums of money laying around is impractical to begin with.
It’s not laying around. It’s buried in the woods.
>It will always raise suspicion if you buy expensive stuff in cash, and there are often laws in place limiting the amount of cash you can spend in one go.
Banks file a CTR with the Treasury Department on transactions over $10k. There are no laws limiting how much cash you can spend.
>Sure, you could buy a used car. But a house? Don't think so. The end result is that you would have a million bucks innawoods that would be practically useless.
Are you saying it’s better to have $0 than it is to have $2 million in cash? Are you fucking retarded?
>>2836171
You might be thinking in terms of being wealthy; it’s a huge sum of money, but you can’t use it to pay cash for a house. That doesn’t make it worthless. “It won’t make you exceeding rich so it’s not worth doing” isn’t a very well thought out argument.
Literally everything but big purchases can be made in cash. Mexicans do it all the time. Even weird shit like insurance will take cash. I know a guy who used money orders to pay his car note.
Currency transaction reports are only for sums over $10k. And the BSA only requires SAR’s to FinCEN for seriously suspicious stuff, like multiple large withdrawals that together would be more than $10k.
What is worthless though is any property you owned that’s now in possession of the federal government. Its value to you would be $0.
