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Politics : THE WHITE HOUSE
SPY 691.66-0.1%Jan 16 4:00 PM EST

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To: Sedohr Nod who wrote (6108)7/9/2007 2:51:01 PM
From: Jim S  Read Replies (2) of 25737
 
This may be out of date now, but I doubt it.

A few years ago, federal agents would get Civil Service bonuses directly related to the value of the confiscations they made. Money and property confiscated would be directly added to their agency's/bureau's budgets, and the individual agents would get performance awards based on those amounts.

Which, to me, is no different than outright robbery.

Looking at things from the Gov't's point of view, cash is a bad thing. It feeds underground economies and is difficult to trace. The Gov't would much rather people use tracable means of transferring money, like checks and credit cards so they can check up on people. Ergo, large amounts of cash are a "bad" thing, and guilt is presumed regardless of the source or intended destination of the cash. Ever wonder why they don't print bills in large denominations anymore?

As a side note, the metal strips in the new notes will set off an airport metal detector if there are enough bills on a person's body.
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