Is Cash Gifting Illegal or Legal? Here Is The Truth and Final Word
To know if cash gifting is illegal or legal it helps to break down this simple activity to its basic components. That is what I will do for you in this article.
Is cash gifting illegal, legal? Well let's take a look.
There is so much misinformation online about cash gifting. At its core modern cash gifting consists of three basic components.
First, it is perfectly legal to give someone a gift. This is something we have all done.
Second, it is completely legal to receive a gift. Again, something we have all experienced.
And thirdly, there is no law preventing one from telling another person that one gives and receives gifts. That right is protected by the First Amendment to the US Constitution.
That my friends is the essence of modern cash gifting. It is truly that simple. If you follow the basic logic of the three components of cash gifting you have no choice but to deduce that cash gifting is NOT illegal but is in fact legal.
Then there is the claim by some that cash gifting is a pyramid scheme. To investigate that charge I explored the top two cash gifting activities, The Peoples Program and Abundant Living System. It is actually quite easy for anyone to do this without ever having to join either program. One only has to put a first name and email address in an opt in box on any member's TPP or ALS webpage.
There is no obligation whatsoever but one will have access to a thorough tour of either cash gifting program. I did this and nowhere did I find anything remotely resembling a pyramid structure. It doesn't exist.
In fact the opposite is true. These cash gifting activities have a simple, fair linear structure. There is no advantage to a person who joined six months ago over a person who joins today.
Anyone can check this out and see that it's true. So the claim that cash gifting is a pyramid is completely bogus.
What about some of those "watchdog" websites that criticize cash gifting? My research of those sites showed me that most of them are sham sites. When I tried to find out who was behind these sites I discovered that they were all published anonymously! The persons making the wild accusations on these sites won't even reveal their true identity.
Anonymous sites claiming cash gifting is illegal have zero credibility. Plus my research revealed that the information on these sites was a hodgepodge of false claims, misleading facts and half truths that had no connection with modern cash gifting.
Finally I discovered the basis for most claims that cash gifting is illegal lies with a marketing con game. It's the old bait and switch.
For example, pick any negative video or article about cash gifting and you will soon discover that after the marketer finishes spewing false claims about cash gifting (the bait), he will then attempt to "switch" the prospect (drawn by the cash gifting keywords) to his MLM or network marketing business.
Using another activity's keywords to attract prospects is not a dishonest tactic but spreading lies about that activity while remaining silent about his own business's (MLM, network marketing) pitfalls and perils IS dishonest.
The cash gifting critic conveniently fails to tell his visitors that MLM, Multi Level Marketing or network marketing has had a dismal, disgraceful and appalling 99% failure rate for decades. It flat out doesn't work and hasn't worked for over 50 years.
As I pointed out earlier, in the misleading video or article about cash gifting the "critic" mentions source sites to help bolster his flimsy case that cash gifting is illegal. Some of these "watchdog" sites are sham sites put up by anonymous people with anti cash gifting agendas while others are real sites that address gifting pyramid clubs and such that have absolutely nothing to do with modern cash gifting as practiced in The Peoples Program or Abundant Living System for example. It's shamefully dishonest and misleading.
The truth is that anyone can visit the real sites that the "critic" mentions and quickly discover that any little information about cash gifting is dwarfed by warnings, civil and criminal case files, rip offs and page after page of negative information about network marketing, MLM and such...THE VERY ACTIVITY THE CASH GIFTING CRITIC IS INVOLVED IN!
Why don't the "critics" mention any of that? In my opinion it's because they are dishonest in their marketing methods. Why would anyone risk a penny with these disingenuous marketers?
Despite efforts by deceitful critics anyone can do the same research I did and quickly discover that cash gifting is not illegal. You can take that final word to the bank.
(ArticlesBase SC #1185765)
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