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Capital is fully mobile because people are fully mobile.

• fapjacks 11y ago
  Ever try to take twenty thousand in cash through airport security? Here's a secret: Those millimeter wave body scanners are only incidentally for drugs and weapons.
  • malchow 11y ago
    Yeah -- you're right. I was making a different point involving how wealth is built. It takes creative capital. It isn't just money. So stick with an uncompetitive tax system, and eventually the brightest won't end up on your shores, and they'll live, create, and bank elsewhere.
    • vinceguidry 11y ago
      Generally when people say capital they're referring to large amounts of money, sufficient to fully-capitalize a business venture. Somewhere in the neighborhood of $10 million and up. A "capital-intensive" industry is one in which you need a lot more than this to enter the market. Also it's not exactly easy to emigrate. People may be mobile, but they're not liquid.
• rgbrenner 11y ago
  This is clearly false. Every country has rules and limits about who can enter and what they can do while there; backed by the threat of imprisonment or deportation.