So the solution is to Friends Tv Show Horror Movie Characters Vest Shirt up a shell business, like a carwash or a restaurant. Then you just cook up the books to say you had a certain number of customers spending that $1,000,000 dollars you’re trying to make legitimate. That money now counts as income for your business and it’s taxed as such and leaves a paper trail of where that money “came from. Now as for the “art”. If I wanted to clean up that dirty money but I didn’t want to put in the effort to start a business and cook the books then I could make an arrangement with someone that has already done that. Say, with an auction house. Now I create some “art” and put it up for bid at the launderers auction house.
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I then give him Friends Tv Show Horror Movie Characters Vest Shirt dirty million. And he agrees to purchase my art piece for some agreed-upon percentage. Now I have $500k of clean money and the launderer has $1M that he will clean up through his businesses. Billionaires aren’t the only people that launder money, that means that other items need to go up for sale that the millionaires (the vast majority of people laundering money are millionaires purely because there is more of them than billionaires) and while no one knows exactly how many people come from affluent families we can infer it’s a rather large amount, 25% or so is still a huge number. You’re correct, but missing the overarching point that the bulk of modern art is supported through those activities.
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Now from just the Friends Tv Show Horror Movie Characters Vest Shirt higher numbers. We know they want to launder money too, and since that 25% is from an affluent family imagining them having access to money laundering schemes isnt that out of the realm of possible imagination, now these millionaires aren’t moving massive amounts of money, maybe 1 mil 2 mil at a time, but they can spread out that money on multiple purchases making it more cost-effective as a form of laundering. This specific piece of art probably isn’t involved with money laundering because of the high publicity. The only reason artists are able to create “art” that has to be explained before the average person would realize it is art is because so much gray and black money is in the mix subsidizing galleries, auction houses, dealers, and individual artists.
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