Inside the Secretive World of Tax-Avoidance Experts (2015)

Re:Inside the Secretive World of Tax-Avoidance Experts (2015) by ChrisLomont on Monday October 08, 2018 @03:25PM (#18170506)

They have a massive state oil fund of size about 3x GDP. If the US had such a fund, it would be worth 60T, about double the value of all US housing stock.

Not every country has that luxury. And Norway didn't get there by seizing rich people companies to make them pay taxes.

The problem with picking one place your idea (sort-of) worked is you may miss the overall trend. Try picking all places the rich have had their companies seized and see how it plays out overall.

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Re:Inside the Secretive World of Tax-Avoidance Experts (2015) by fulafel on Monday October 08, 2018 @05:13PM (#18171358)

There was a recent comic strip where a robot uprising used swords and spears due to using historical data for training.. sometimes using historical averages is not valid.

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Re:Inside the Secretive World of Tax-Avoidance Experts (2015) by ChrisLomont on Monday October 08, 2018 @08:40PM (#18172481)

>sometimes using historical averages is not valid.

True, but more often historical behavior is the correct prediction looking forward. The future is not likely random in all behavior.

So your claim is only true when it's demonstrated that the historical averages are no longer valid ...

There are countries right now failing after seizing wealth from their citizens (Kim in NK, Marcos in Phillipines, Mugabe in Zimbabwe, Chavez in Venezuela, Pot in Cambodia, among others).

France recently tried it for a season, and enough rich and wealth left the country that they reversed it almost immediately.

Are there any that have recently prospered as a result of seizing the wealth of their rich?

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Re:Inside the Secretive World of Tax-Avoidance Experts (2015) by dagw on Tuesday October 09, 2018 @03:56AM (#18174075)

There are countries right now failing after seizing wealth from their citizens

All of those countries failed for different reasons and never solely because of "seizing wealth from their citizens", although that was always a component.

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Re:Inside the Secretive World of Tax-Avoidance Experts (2015) by fulafel on Tuesday October 09, 2018 @03:25AM (#18173956)

There are prosperous high tax countries such as the Nordics who are arguably doing a lite version of this.

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