Kiyotaki and Moore?

It drives up the cost of land only, and hence housing. Taxing housing is inefficient in ways taxing land is not.

You have to live somewhere but you don’t have to own Nvidia. Viewing one’s home as an asset like all the others is not sensible.

£ sent out will be spent (else no point remitting). In either case, with only the UK accepting £, that money will be spent on or invested in UK stuff by some counterparty further down the line (possibly after being changed into local currency).

All dangerous uncertainty is man made.

Was Qatar asking access to tourists‘ phones and laptops and social media?

The only tax that makes both economic and ethical sense is a land tax. Which is sort of a wealth tax, but efficient and fair.

I presume free elections in Russia as well

Why are you using Google email?

Nice write up Peter