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But that is the thing people still have to have a paper trail to their wealth if they hide it with someone else or in some structure they still need a way to prove its their wealth otherwise anyone can take it.
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It also requires that the cost to the "collectors" is less than what would be recovered, and when you get to the wealthy, there are so many legal loopholes that its not funny. Funny how lawyers/politicians always seem to make laws that cant be enacted in a black or white manner
As an example in this day and age, i regularly listen to the ABC when they give free legal advice to many people re "simple" unpaid debts and getting payment from people. In most cases the advice is you need to run a case in the magistrates court and unless the debt is more than 5thousand dollars or so, it will cost you more, and still no guarantee of getting paid.
Imagine the costs to pursue a rich operator who has set up complicated family trusts with nested family companies etc.
The forensic accounting costs, let alone legal costs would be horrendous.
I know who will end up with the money, and it wont be the collectors.
Andrew