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> A policy like Thailand's, where those found to be buying against the rules have their property taken off them without compensation, would be ideal. You can't
by charlesdm 9y ago
> A policy like Thailand's, where those found to be buying against the rules have their property taken off them without compensation, would be ideal.
You can't do that in an open, globally connected economy though. As great and beautiful as Thailand is, it is still for the most part a corrupt developing country. You want to hold Australia or NZ, which should be open for business and wants to attract global investment by better protecting investor rights, to a much higher standard.
- elyobo 9y agoI'm not proposing that we take on board the corruption, but of course you can have a law with appropriate penalties for violators of it in an open, globally connected country. We want people to invest; we don't want them to break our laws. Their rights (and the penalties that would apply to them) would be laid out under the law, so no problem at all.
- flukus 9y agoWe can't confiscate illegally obtained goods because we live in a open, globally connected economy?
- indemnity 9y agoWhy should breaking the law have only a token penalty?