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All this gets solved quite easily, you add all the new hires to a sanctions list. Those people will be unable to bank and use any modern financial institution.
by whb07 6y ago
All this gets solved quite easily, you add all the new hires to a sanctions list. Those people will be unable to bank and use any modern financial institution. Very easily fixed problem, now how moral it is, that’s up for debate.
- londons_explore 6y agoPay me 25% more and I'll give up all my banking stuff and use cash everywhere instead. Financial institutions don't offer all that much for regular joe, especially when interest rates are practically zero.
- cyberdrunk 6y agoYou can't invest your savings, which means that your pile will shrink at the pace of inflation. If you have a lot savings (say you're close to FIRE), the money lost this way can be a nontrivial portion of your compensation.
- xtracto 6y agoWith Compound you could invest using crypto. And use crypto ATM for transacting.
- sand_castles 6y ago> bitcoin enters chat. On a more serious note there are million and 1 ways to hide your footprint.
- emteycz 6y agoYou can invest, although in China.
- londons_explore 6y agoYou can use it to buy stuff, like property, or gold. That's an almost equivalent investment.
- whb07 6y agoBeing placed in such a list means you can’t touch any finance institution outside of say mainland China. Means you’re stuck to using cash or supposedly crypto. The cash you can’t store anywhere, and you’ll be given large bags of it bi-monthly. Means you can’t go travel because you’ll be forced to explain why you’re taking large bags of money around. I doubt a hotel in Paris takes Yuan for a simple room. They might if you were a whale though.
- londons_explore 6y agoThe $2000 I would need for a nice weekend away in Paris would totally fit in my jacket pocket. The rest of my money would be in a sturdy safe back home, guarded by someone who thinks their job is to keep people from vandalising my quite nice house and doesn't know I store my cash in the basement.
- whb07 6y agoAssuming for a second its USD $2k, that is all you would take as a person presumably with a family/partner to Paris from Taiwan? What are you talking about? You would need a couple grand just to be safe and cover the basics then you would need a couple more for the hotel in a presumably nice place. Then when you're likely going to have to declare the cash youre taking (probably $5k+ just for yourself) at both airports and if you don't you'll be committing some crime or be harassed / delayed for it. It no longer becomes enjoyable or feasible for a regular person to do this type of thing. Now if you had millions of dollars and could book own private jet I'd agree with it just being a small detail.
- FpUser 6y agoI think if it comes to that, China can easily supply said people with new identities making the threat mute.
- whb07 6y agoRight... At which point lets assume its a married man with a family, "Hey honey, lets move to mainland China where I'll get twice the salary but we'll never come back here and we will for sure become enemies to Taiwan."
- ETHisso2017 6y agoWhy not just revoke their passports and prevent them from leaving Taiwan altogether?
- rini17 6y agoPut them in Gitmo, eh? In democracies, restricting free movement should be done only in exceptional circumstances, such as war or pandemic.
- ETHisso2017 6y agoWhy not? It's been done before. https://en.wikipedia.org/wiki/Qian_Xuesen#Detention https://en.wikipedia.org/wiki/Qian_Xuesen#Detention
- nix23 6y agoWow what a example....
- sudosysgen 6y agoWell, it is a good example.
- deleted 6y ago[deleted]
- rini17 6y agoNot a good example, there was actually a trial. But you are speaking about preventative detentions without a trial.
- ngcc_hk 6y agoBut to a state at war official with you? Try to go to Iran from USA said The question is if they do not share the profit people run. For #ccp, I think innovation and voluntary sacrifice for gain (whatever it is) is hard. But forced. Grouped. Or simply copy and mass production. So far they can do it quite well. That is a problem to humanity. And its liberty. But Athena falls. In fact if they lay low or USA continue to sleep I fight but they might win. Many dark ages exist in humanity. And in chinese history.
- 9nGQluzmnq3M 6y agoIf they move to China, they'll have access to more modern finance than the US, all of it well beyond the reach of US sanctions.
- deleted 6y ago[deleted]
- actuator 6y agoI think he was commenting on the fact, as to how a lot of rich Chinese have properties, money saved abroad as a backup option. If you cut off that, they will feel more suffocated. Forget mainland Chinese, even HK officials have put safety options either in terms of their spouse nationalities or properties. An interesting thread: https://twitter.com/joshuawongcf/status/1292119822382202881?s=20 https://twitter.com/joshuawongcf/status/1292119822382202881?...