There should be an expiration sort of penalty for every KYCed account larger than a 0.0000x% of GDP. Current, savings, brokerage, insurance or whatever. Beyond

There should be an expiration sort of penalty for every KYCed account larger than a 0.0000x% of GDP. Current, savings, brokerage, insurance or whatever. Beyond a certain amount of wealth and cash in the bank people and institutions stop thinking in an entrepreneurial way and start thinking about the economy at large, or predicting the economy at large. And GDP is very much like performance anxiety, when everybody is thinking about that, then it becomes very difficult to get it up. Or you do get it up but it's not nearly as rewarding because it becomes an artificially inflated number without any connection with actual welfare of the population and developement of a country.