2 ms·
> And partly, we as a society have to make some tradeoffs. We want something from 12 CFR § 21.11(k)(1) . It was not written by accident or because the drafters
by TacticalCoder 3y ago
> And partly, we as a society have to make some tradeoffs. We want something from 12 CFR § 21.11(k)(1) . It was not written by accident or because the drafters were stupid. Every future with 12 CFR § 21.11(k)(1) in it will include many Americans whose bank accounts are closed for no reason that can be disclosed to them. Many of them will have done nothing wrong.
I totally dispute that and there's a contradiction in there. If many of them will have done nothing wrong, then the drafters were plain stupid.
Typically senile, dumb, stupid, out-of-touch people.
There's nothing for the people in there and it wasn't the result of a democratic process.
It is also a complete and utter failure, costing $180bn worldwide for a mere $12bn frozen (not even seized but temporarily frozen, some being actually legit money that'll eventually be unfrozen).
In other words: it's yet another pointless law that is not having the intended effect and that is costing business and taxpayers money and time while making people feel they live in a dystopian madness.
And there's more drugs than ever sold both in, say, the EU and the US. And there's still child pornography. And there's still 3% to 5% of the world's GDP that is tied to criminal activities.
"The more numerous the laws, the more corrupt the state" (Tacitus thousands of years ago)
- astrange 3y ago> It is also a complete and utter failure, costing $180bn worldwide for a mere $12bn frozen (not even seized but temporarily frozen, some being actually legit money that'll eventually be unfrozen). Selection effect (the question is how many illegal activities it prevents in the first place) > And there's more drugs than ever sold both in, say, the EU and the US. Base rate effect (population and disposable income are going up, and who does market research on drug sales anyway?)
- immibis 3y agoThe goals for politicians are not the same goals for you and I. They don't have the goal to protect people from fraud, or whatever they said their goal was.