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This definitely makes sense, but my initial gut reaction of not liking this is still strong. I just don't trust that this will be used to meaningful ways. I al

by glasss 4y ago

This definitely makes sense, but my initial gut reaction of not liking this is still strong. I just don't trust that this will be used to meaningful ways. I also imagine the people that may be most likely to take their capital to another country aren't worried about capital controls like this. Surely they have much better ways of transferring their wealth than 10K cash payments at a time, but I'm not rich enough to know for sure.

sealeck 4y ago
> I also imagine the people that may be most likely to take their capital to another country aren't worried about capital controls like this. Surely they have much better ways of transferring their wealth than 10K cash payments at a time, but I'm not rich enough to know for sure. Yes of course, this is just an argument about capital controls in general (the really problematic cases are people who own a lot of capital, e.g. factories, power plants, internet businesses, etc. moving it around, which they definitely don't do with cash!)