Cash? But if the commission itself wants a limit of 10,000 euros
In Italy, Piddinia is going crazy because the government wants to raise the limit on the use of cash to between three and five thousand euros. There have been loud cries that this would encourage tax evasion, without realizing that real evasion, the one that moves billions of euros, is done by those who accept, indeed demand, payment by credit card…
All this not only in the USA, but also in Europe . The real escape, the one that subtracts resources from the economic circuit, is not that of the plumber and the grocer, despite what a certain press wants you to believe (which perhaps belongs to groups based in the Netherlands…), but it is that of large international groups that move billions with a click.
Among other things, the raising of the cash limit up to at least 10 thousand Euros is advocated by an authority that can be defined as the real fetish of Piddinia (note1): the European Commission.
The Commission and the Council presented a Proposal for a Regulation on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing.
An official text, which talks about limits on the use of cash against evasion and money laundering. The Commission speaks of limits on the use of cash, but…. with limits much higher than those applied or applicable in Italy, as clearly explained in article 59
Even within the limits of national regulations, the limit suggested by the Commission is equal to 10,000 euros. A much higher figure than what would be afforded in Italy, and this has not caused any scandal even in Piddinia. Professor Rinaldi remembered this, and recalled this regulation, replying to the Hon, Moretti who, evidently, had forgotten about it…
If he at least knew the Commission's proposal on cash… he would avoid these tweets!!! https://t.co/fxc8fQyr8q pic.twitter.com/PxOY4YAoby
— Antonio M. Rinaldi (@Rinaldi_euro) December 6, 2022
Italy will not recover with zero cash: at most, some inefficient banks will get fat. Among other things, even the ECB has expressed considerable doubts about the limitations on the use of cash, well aware that the only currency that has legal tender is the dear, old, banknote, among other things the only one that ensures purchasing power to those who have had problems with the banking system.
(Note1) Piddinia is a mythical land, inhabited by a mysterious race, the piddini, where nobody carries out productive or commercial activities, but money falls from the sky in the form of contributions and benefits.
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The article Cash? But if the same commission wants a limit of 10,000 euros, it comes from Scenari Economici .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/il-contante-ma-se-la-stessa-commissione-vuole-un-limite-a-10-mila-euro/ on Tue, 06 Dec 2022 15:30:06 +0000.