At 11:17 AM -0800 3/2/00, Duncan Frissell wrote:
>At 08:32 AM 3/2/00 -0800, Eric Cordian wrote:
>>NEW YORK (AP) -- The Clinton administration intends to ask Congress for
>>new power to combat money laundering, including the authority to ban
>>financial transactions between U.S. institutions and offshore financial
>>centers, The New York Times reported today.
>
>Ah. Exchange controls. I thought we had always eschewed exchange controls.
>
Not just exchange controls, but also exit taxes. Congress has considered
this a couple of times, and I expect it to pass one of these years.
Then we can be just like places like Russia, which impose head taxes on
those leaving.
"Give us 45% of all of your assets, even though you won't be using any
services or get any taxpayer benefits from us as you live in your new
country."
A good thing we have freedom fighters like Stefan Brands working hard to
make sure that digital cash is government-friendly. Wouldn't want the
proles hiding their transactions from Big Brother.
--Tim May
---------:---------:---------:---------:---------:---------:---------:----
Timothy C. May | Crypto Anarchy: encryption, digital money,
ComSec 3DES: 831-728-0152 | anonymous networks, digital pseudonyms, zero
W.A.S.T.E.: Corralitos, CA | knowledge, reputations, information markets,
"Cyphernomicon" | black markets, collapse of governments.
