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by aminok
3796 days ago
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They're difficult to stop because they kill people who try to investigate and arrest their members. Creating a law requiring them to report their financial activity will not stop them. They sell tons of cocaine, despite cocaine being illegal. They will ignore financial disclosure laws just as they ignore laws prohibiting them from operating large scale drug and murder operations. Anonymous digital currency like bitcoin could be used to reward informants without requiring them to physically meet anyone or reveal their identity, which is extremely valuable when cartels have countless people inside law enforcement agencies. >I'm out to eliminate the tyranny of the wealthy: they manipulate our politics and buy their way out of justice. Destroying money (money only works when it affords its user with privacy) to stop abuse by the economically powerful is cutting off your nose to spite your face. Money does far more good than bad. The solution to abuse by the wealthy is to fix the political system, so that money cannot buy political influence, not eliminate wealth and privacy. |
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I am not suggesting financial disclosure laws. I'm suggesting that everyone stop accepting anonymous money, then stop accepting money that funded murders because doing so would empower the murderers.
> They're difficult to stop because they kill people who try to investigate and arrest their members.
The killers are paid to do the killing. If they could no longer buy things with the proceeds, they would stop killing.
> (money only works when it affords its user with privacy)
I disagree with this. Can you explain how money would stop working without privacy?
> The solution to abuse by the wealthy is to fix the political system, so that money cannot buy political influence, not eliminate wealth and privacy.
The political system cannot be fixed unless everyone becomes a single-issue voter on campaign finance. Otherwise, those votes will be purchased away, and we can't outspend the wealthy. We should try to fix the political system, but I expect those efforts to fail.
I have no desire to eliminate wealth. I do want to eliminate financial privacy because it seems clear that it hurts us more than it helps.