US moves to strip sovereign wealth investors of US tax perks(www.ft.com)
20 pointsby alephnerd6 hours ago3 comments
  • Ancalagon5 hours ago
    I'm not a conspiracy believer but truly does this not represent the actions you would take if you were trying to dismantle the reign of the dollar? This admin is blatantly acting in a manner opposite the country's interests!
    • kelseyfrog4 hours ago
      The reign of the dollar, at least as the world's reserve currency has distorted the US economy since the collapse of the Bretton Woods system.

      We would live in a very different world if the Bancor existed. Instead we got all the things a dollar-denominated system of international trade predicted: the export of industry and the political unrest that followed a status demotion in practically all of middle America.

      In the grand scheme of labor vs capital, the dollar reserve has been a heavy foot on the scale in favor of capital.

      • cobber2005an hour ago
        I realize there's a lot out there on the subject, but do you have any specific reading recommendations summarizing the effect of the US dollar's reserve currency status on middle America? It's a history I've been interested in learning.
  • p_ing6 hours ago
    What would be the purpose behind this? Seems like it might discourage SWF from investing in the US?
    • johng6 hours ago
      My guess is to get people to pay taxes on this part.

      “ The blockers shield tax-exempt investors from liability. But the proposed changes could add hefty taxes to any distributions made to SWFs if the blocker is deemed to have “effective control” of a portfolio company.”