[no_wizard]

I'm no fan of the current US administration, however I have questions about this.

What currency controls have been implemented? A cursory search turns up no results, though there is some speculation that capital controls could be coming, they never the less haven't materialized, at least in such a way that no credible news outlet has plainly stated it.

The debasing of the USD is again, a fear, and Trump is absolutely stoking the fire around it, but it hasn't actually happened, as far as I can tell.

If you have evidence of the contrary to either of these I'm quite curious to see it. I wouldn't put it past this administration in the slightest, but there is a difference between implementing them and talking about them and for correctness sake I want to understand.

[sigmar]

https://en.wikipedia.org/wiki/One_Big_Beautiful_Bill_Act#Rem...

[no_wizard]

This is one, at least technically. Though in practice I'm considering more like what you see in China, where they have very strict capital controls.

The Remittance tax has an enormous amount of exemption businesses (because no institution that is subject to the Bank Secrecy Act is subject to it, neither is cryptocurrency, which I find interesting) its functionally a tax on individuals that send money to their home countries, as once you work through all the exemptions its the only transfer function left.

While its deplorable, I thought something much more draconian was afoot