Let's take the amount of 50k since it keeps being brought up as a value. 50 thousand dollars is 5% of a million. It is not unreasonable for a person to keep 5% of their income value in cash on hand at the home...........I mean shit, some churches demand you pay 10% in tithes.Slimshandy wrote: ↑Sun Feb 18, 2024 10:26 amI think plenty of people keep cash at home… but I don’t think many people ( including millionaires) keep huge amounts of cash at homeWellPreserved wrote: ↑Sun Feb 18, 2024 9:59 amOkay, just to clarify:Slimshandy wrote: ↑Sun Feb 18, 2024 9:39 am
Lol I didn’t bring any drama, I said I thought she way lying, then when everyone brought up reasonings why they though she was believable I still said, nope, I think that’s ridiculous, I still think she’s lying.
Your own reasonings are the drama lol.
My dad kept cash - he's was not in the mob
I keep cash - I'm not in the mob
My son keeps cash - he's not in the mob
My daughter keeps cash - she's not in the mob
I assume about 1/5 of my customers keep cash 'cause they pay with $100 bills every time which is annoying. I doubt they're in the mob.
Many people keep cash at home for a variety of reasons, sometimes that is what they were taught.
It’s an unwise financial decision to say the least. Particularly if you’re someone who is supposed to abide by the ABA’s prosecution function.
It’s an unwise financial decision to say the least. Particularly if you’re someone who is supposed to abide by the ABA’s prosecution function.
The average American makes between 50-70 a year....5% of that would amount to 2.5-3.5 thousand....Is it unreasonable for the average American to keep $3000 on hand in their home in case of emergency? Now add to that the fact that many investment and financial institutes suggest keeping 6 months worth of living expenses on hand.....if the average rent is 1500 that is equivalent to saying on average everyone should have $9,000 in cash for emergencies, JUST based on rental prices, not adding in any other living expenses.......It stands to reason that a more a person earns, the more cash they will keep on hand for their increased living expenses. So a millionaire is far more likely to have MORE than 50 thousand on hand in cash simply based on financial suggestions. And while that amount of cash seems "HUGE" to you, it is actually equivalent to just a few thousand for the average person.
Now let's take it back to the real numbers.....Willis is stated to have paid $5,000 over the course of 2 years....or rather roughly 2.5 thousand a year in cash.....as reimbursement for a vacation trip......that is .25% of a million which equates to $125-175 for the average person earning 50-70K a year. For a grand equivalency total of $250-350.. So yes, I believe the average person may have more than $350 in cash hidden in their home.....thus I believe Willis would have had the necessary cash on hand for reimbursement.
In short this whole debate is just a poor means from the Trump base to discredit Willis in a cheap effort to have her removed from his case. If anything I'd question why it took her 2 years to reimburse for the vacation.
