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So bring back capital controls. 10,000 wealthy can leave the country - just without all their wealth. Plenty of Western countries had limits until the seventies
by NeedMoreTea 7y ago
So bring back capital controls. 10,000 wealthy can leave the country - just without all their wealth. Plenty of Western countries had limits until the seventies and eighties.
- deleted 7y ago[deleted]
- dialtone 7y agoAlready the case. People with assets beyond $2M will be taxed a capital gain tax (23.8%) from all of their assets as if they were sold at fair market value.
- aries1980 7y agoHow this would work in reality? It is easier to change and obscure the money trail of liquid assets than issuing warrants. In the 90s it was not too hard to get a diplomat passport of a developing country, even if you have never set foot on it. Worst case scenario is when you going to operate from a jacht under a Monaco flag at St Tropez harbour. Life is cruel.