Has any country or municipality tried this before that you are aware of? Is this something that is needed? Could we ever get Congress to pass such a thing? What are the pro's and con's? Is there any way this could backfire?
That would be a good idea. Then it would be more obvious. I've always been for not being able to do even a small favor for them like taking them out to dinner or even giving them a stick of gum. They also shouldn't be able to own speculative properties like real estate or stock.
The very scary thing is they are far richer off of paper. Let's say you are a foreign entity. You can pay them an infinite number of under the table ways abroad but getting the money back to the US is the traceable part. So you just don't do that. Or you only bother to move 1/10 the money. So they have 10x the money waiting for them elsewhere.
The Arabs in particular have this practice of black banking where instead of having banks they just have a large network of who owes who and it works. It's social technology. With such a system any amount of money can be given to someone without it ever touching a bank account.
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What if we didn't pay elected officials anything, You know, like it used to be? Bet they would still become millionaires somehow....
That would be a good idea. Then it would be more obvious. I've always been for not being able to do even a small favor for them like taking them out to dinner or even giving them a stick of gum. They also shouldn't be able to own speculative properties like real estate or stock.
The very scary thing is they are far richer off of paper. Let's say you are a foreign entity. You can pay them an infinite number of under the table ways abroad but getting the money back to the US is the traceable part. So you just don't do that. Or you only bother to move 1/10 the money. So they have 10x the money waiting for them elsewhere.
The Arabs in particular have this practice of black banking where instead of having banks they just have a large network of who owes who and it works. It's social technology. With such a system any amount of money can be given to someone without it ever touching a bank account.