Wednesday, March 27, 2019

Piketty and Stiglitz Call for Global Wealth Registry - Blockchain to Track Wealth

K emails:
The reason I email is to bring up the Independent Commission for the Reform on International Corporate Taxation. They recently came out in support of a global wealth registry that might be required for assets valued at just $10k USD. The blockchain will be used to track everything. I know you are not a big fan of Bitcoin/crypto - without anonymity, I always feared its tracking ability.
Picketty and Stiglitz are signatories to this insane plan.
I figured the readers of EPJ would like to know about the plan to track their wealth.
This is extremely dangerous and serious. They want full transparency of all assets so that they can globally control, track and tax the assets.

From the ICRICT paper:
What type of assets the GAR should cover (e.g. real estate, financial assets, gold, etc), whether information should be public or not, and many other technical and political issues need to be addressed as part of a pilot project...

ICRICT, with its unique role as an expert influencer and breadth of expertise is best placed to evaluate the rational and feasibility for a global asset registry and to this end Thomas Piketty and Gabriel Zucman have recently joined the Commission to evaluate the proposal for a global asset registry, in terms of its technical, practical and political potential, and this is the first report which will kick start more work by the Commission in this area...

Gabriel Zucman, ICRICT commissioner and Professor of Economics at the University of California at Berkeley said:

͞͞"The notion that a register of financial wealth would be a radical departure from earlier practices concerning privacy is wrong. It would deal a fatal blow to financial secrecy. In my view, a world financial registry would thus be the most effective weapon for creating global financial transparency."

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