I tried regular Firefox and nightly both show such usage. I'm mostly reading up on news, Twitter and browsing this site.

https://x.com/CantEverDie/status/1924122268541612282

Look at the 'Following' list wtf is going on:

https://x.com/realBulbousTick/following

What a stupid idea, I don't believe it'll get past senate but who knows. Regardless, this is capital control! Free convertibility is what holds U.S. Dollar together.

Sure, the taxes are only on non citizen residents. But that's precisely why it's stupid. Anyone can give their money to a citizen friend who can then send it abroad without taxes. Who's to say whether this a transfer payment/payment for goods and services versus someone willingly avoiding taxes? It's not like goods, it's just electronic entries.

Look at any country with capital controls, it is always a wide control. For example, Chinese residents can send $50k abroad in a year without any paperwork. This applies to all residents who hold Chinese Yuan, citizens and non-citizens alike.

Therefore, I have doubts on how effective it'll be.

Not Government debt but private debt. This article doesn't lump together Gov and private debt which is good.

If anything more Government spending which creates Government "debt" is needed to reduce private indebtedness.