MagnumOpus
Joined 11 years ago
Joined 11 years ago
(And you don’t enter into the equation. You are dead by the time the taxation happens.)
(Circumstantial evidence is that a particularly extra nice part of central London has no tube station, ostensibly to keep the riff-raff out, and is the only area with a proposed station on Crossrail 2 that voted against having a new station!)
But international travel becomes painful. (Hence EC cards are co-badged as a fall-back with Visa Debit or Maestro, impossible if you are sanctioned.)
The PRC’s SAFE is selling dollars and buying gold in a very covert but absolutely massive fashion, and most likely, so are many other countries in a smaller way.
(Assuming financing happens cheaply by the federal state rather than via PPP grift; and assuming that $50bn is the number, which in NYC is an underestimate by a factor of at least five…)
(A donation to the presidential library, a new RV for the judge, a PAC that runs campaigns for the senator and rep - and Bob’s your uncle. Might cost 0.001% of your assets if you are a trillionaire. Cheap at ten times the price.)