Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Kathleen capps who wrote (32178)	9/3/1998 2:42:00 PM
From: Mark Adams	Respond to of 132070

I understand that our government also tracks cash flows in excess of 10k. Part of the effort to limit money laundering and tax evasion. When I visited Australia, any amounts in excess of 10k had to be declared on entry. I don't agree with capital controls, but I do understand that governments will resort to them from time to time. Even our government confiscated gold at one time, paying a set $35/oz. We just happen to have a bit more freedom at the moment than some of our foriegn cohorts...