If cash gifting was legal, would you do it?

If it was really a gift, you would not be expecting anything in return.

I would be happy to accept cash gifts given to me on that basis, by you or anybody else. Like I said, remember the basis - give me money, but don't expect anything back - because you ain't gonna get it,

However that is not what you are talking about. You are talking abou a scheme where people give money in the expectation, that people who join after them will in turn give them money. That is an archetypal pyramid scheme. In most countries illegal (don't assume that not caught yet makes something legal - there are lots of other criminal activities that haven't been caught yet too. For example, not every murderer, burglar, or drug dealer gets caught, but their activities are still illegal).

Furthermore this type of scheme will inevitably lose money for the majority of participants. This is easy to prove mathematically. Consider the scheme at any moment in time... At any moment there are always more people who have given "gifts" and are waiting for new people to join, than have received. This is always true at any moment, or all moments in time.

Someone has lied to you.

You can gift, just stay w/in the law.

Frequently Asked Questions on Gift Taxes

There are lending clubs, which are slightly different, but operate in the same concept.

A ponzi scheme, is a ponzi scheme, is a ponzi shceme. No matter how much you convince yourself what you are doing is legal, ethical, or moral. Somehow I think you already know that, but want to convince yourself otherwise, by convincing others first.

Why is cash giving not legal? I thought what you have you can give to who ever you want that is what personal liberty and freedom is all about???? Am I missing something?

Cash gifting legality varies from one jurisdiction to another.

Personally, I wouldn't be involved with it.

If someone wants to send me cash as a gift I'll gladly accept. And I'll promise not to tell.

Why would someone even want to get involved with something like this when there are so many legitimate and legal ways to make a great living online? I don't think there is anything wrong with giving someone a cash gift. It's done all the time for holidays, birthdays, etc. However, dressing up a ponzi scheme as a cash gifting program is definitely unethical and illegal. Like I said, there are plenty of legit ways to earn money online. If something has even the slightest possibility of being illegal, then I would steer clear of it completely. In the end it just isn't worth it no matter how much money you could make.

Is this a joke? I have never heard of this and it doesn't seem like a viable business model at all!

I would suggest not, just to be sure. There might be a 'catch'.