What if I just want a place to anonymously store my legally gained cash?

Unfortunately, it seems the normal people lost their privacy nowadays at the expense of the criminals and the "If you've got nothing to hide, you've got nothing to fear" argument has taken a stronghold in the financial sector.

You can argue that your assets are to be private to the general public but some countries do not have that assumption (Norway comes to mind).

If you transfer it to someone else (legally) then there's going to be another taxable event, and the IRS will know you no longer have it.

If you're trying to store cash anonymously from the public, there are many countries where that's possible. If you're trying to store cash anonymously from the government, there's not really a legal avenue for that.

That is a succinct summary of the initial complaint.

We're moving from a world where a buyer and vendor agreeing means something will happen to a world where buyer, vendor, bank and government all have to agree before something will happen. This is not a world that will cope well with change.

There are big incentives for governments to get involved in every transaction (by definition, they don't agree with anything that they get involved with and block). But we get back to the classic problem that they are only bureaucratic humans and make a lot of mistakes. Also issues of regulatory capture.

Although I'll throw in I'm interested in how much of an impact enforcing tax law has on the small and big pictures. One of China's competitive advantages is they claim a low tax rate as % of GDP, and most of the tax evasion I've seen personally is small businesses recycling money into the local economy. Changes to such dynamics will have far-reaching consequences.

No, we were never in that world. The only truly bilateral agreement is a gentlemen's agreement.

Trust usually relies on certain facts being public, and visible to a whole lot of people besides the transacting parties. "Who owns what" is a pretty important set of facts to agree on publicly.

And even if there's some assertion that an unknown someone owns something, _why_ should we respect it? Shouldn't we as a society just take it, and ask the owner to show himself if he minds? That seems a very reasonable solution to problems like tax paradises and shell companies if you ask me.

I would disagree in one key way. The initial complaint focused on this as a recent change. "it seems the normal people lost their privacy _nowadays_ at the expense..."

Certainly this is true from a technology perspective. No argument there.

But I don't think this is in any way novel from a _legal_ perspective.

Governments have, since at least roman times, taxed individuals based on the quantity of things they possessed or based on transactions. As long as it has been this way, the government has had a legal right to know your financial standing.

So, if the argument is that we're in novel _legal_ ground, I disagree. If the argument is that we're in a status quo legal ground, but in novel _technical_ and _enforcement_ ground, I'd agree.

Either we accept there will always be a few bad apples or everyone has to prove they aren't one of them.

The saying is "A few bad apples spoil the barrel", meaning "be vigilant about bad apples and get rid of them ASAP." I'm baffled and frustrated by the tendency to use "a few bad apples" as if the saying were "a few bad apples are no big deal, get rid of them if you happen to notice."

I actually don't think reasoning from vague analogy and folk wisdom is all that great an idea, but reasoning from the reverse is probably worse.

Feel plenty free to make the case that we should tolerate some level of misconduct - I might agree. But please don't refer to those involved as "a few bad apples" while you do it.

I was just using it as a way of expressing the issue at the centre of aiming to have a zero tolerance society.

Not tolerating misconduct will always lead to ever increasing intrusion into our lives and people that choose not to take part where they can will automatically be viewed with suspicion for it because the ignorant assumption is only people with something to hide would do that.

It's picking a nit - I acknowledged that in the very first sentence of my response.

Argue for what you want to argue for - I probably agree. Just don't use that phrase that way. Or do - just know that you will be annoying me (and apparently others - my comment got more upvotes than it deserved) and distracting at least some of your audience from your argument.

How would you have worded an analogy that you would consider more appropriate?

Most of the problems in democracies seem to exist, possibly magnified, in the alternatives.

So is the problem that our decider selection process is flawed and puts up deciders who don't think deeply, or is it (more likely) that whoever you put into that position is likely to come up with the same answers, because they tend to answer important questions, and then to provide a different justification because it sells better?

In a representative democracy, as opposed to a direct democracy, yes. In much of the US, we have a bit of both, in practice.

But even in the case of representative democracy, as long as deciders are judged based on (proposed or actual) actions, our decisions about the deciders will be based on what we think about those actions. To whatever degree it's a problem that we don't think too deeply about things, it will be a problem in a representative democracy by virtue of deciders thinking deeply about what people generally will think more than what will actually give the outcomes people generally want (where those differ - which is at least "sometimes" by the nature of our premise).

I think that's wrong on principle but they don't see anything wrong with it.

Whether you agree with it or not, money laundering laws usually go in this direction.

Land ownership is registered for good public purposes which does not unreasonably destroy privacy concerns - it's usually obvious who (person or business) controls the land anyway (who should a tenant pay the rent to? who gets to decide if you can be a tenant?) and it gives people a great deal of confidence that they know that whoever is recorded in the government land registry as having a right to sell the property actually has that right. The common law approach of having to hold a series of documents that identify a continuous line of owners going back to some unconfirmable initial grant by a long dead king is not in the interest of the purchaser of the land.

Moreover, the market distortions taxing land (as the primary source of government income) will have are generally positive. A person can no longer buy a house in the hope that the land it sits on will double in value. They can only buy a house in the hope that they are capable of making a profit out of it; the land purchase merely gives them the right to improve it.

The same advantages may be visible for taxation of share holdings: instead of simply trying to profit from someone else's actions, you would buy shares because you think the dividends will exceed other income sources for the same purchase. It may be legitimate to have anonymous share holdings which require active detective work, so it's possible this would be an unreasonable invasion of privacy.

I know I've said that we shouldn't do public policy by taxes but taxing wealth instead of income probably isn't easy. We can tax income because one person's income is another person's expense if I understand how this works.

The answer seems to be that how well it works varies heavily on what the asset.

That's really not the case if the asset is owned by an opaque offshore company or trust - it's then pretty much impossible to know who the beneficial owner actually is.

You can make use of Adverse Possession to take ownership of land. The owner must reclaim their property, (and prove their ownership) or loose all rights to it. Unfortunately in UK squatting in a residential property is a crime, amusingly adverse possession still applies - you could claim someone's house but go to jail.

It's a weak threat though, most luxury apartment blocks used for 'investment' have security, you need to reside continuously for 10 years, they will send the owner a letter, etc.

I would like to see the principle of 'use it or lose-it' for limited public goods like land.

The terms like "money laundering" are only recent and swept through without properly understanding the privacy implications (and probably didn't envisage the pervasiveness of modern electronic surveillance & data breaches in today's digital world).

Anyhow, advancements in cryptographic Zero-knowledge proofs could hold the key in solving some of these problems (proof that funds are clean without reveling the source). Currently there are some scalability problems, but progress is being made so I'm hopeful. Wikipedia has a good write-up about the basics of ZKP https://en.wikipedia.org/wiki/Zero-knowledge_proof

Citation very much needed. It depends on what you mean by "working".

There's references to tax evasion going back before the Roman Empire. For an example from the era of the Roman Empire, the topic of tax evasion is where the story of "give to Caesar what is his" (Mark 12:17) comes from. (I've found earlier Greek references going back to at least 300BC, but that's the easiest example to verify).

The state works better when it has funds to deliver on those plans - though there are many other factors that can disrupt it such as incompetence and corruption.

"Money laundering" may be a recent term, but it is not a recent concept. In fact some notable conquests on the ancient world wouldn't have been possible without concealing ill-gotten funds. It was a common tactic for avoiding paying tribute to a neighbour who defeated you.

Here's one example to ponder about: if we had this kind of surveillance earlier, would things like the Civil Rights Movement and generally the 60's counterculture come about? I.e. the era of "sex and drugs and rock'n'roll"? If only the authorities had the tools that they have today, oh boy! Don't like the liberation of sex? Is rock'n'roll the Devi's music? Fine. We'll close your PayPal account.

Privacy is very important for having a free society and freedom of expression. Financial privacy should be no exception.

If you measure anything, infant mortality, poverty, murder rates, diseases, nutrition, education, which of them fit any sensible definition of 'well'?

In my case, "worked well" meant something like a mix of: a) the world did not end, and b) everyday life in developed societies (which previously did not have total financial surveillance, but are now eager to achieve it) was more or less the same then as it is today.

In fact, to expand on b), it seems to me (admittedly from a completely intuitive and unquantified perspective) that we are quickly losing civil liberties today and that this aspect was better in the past.

You can apply the same style of reasoning to end-to-end encryption. Various actors are aiming for total surveillance in that area too, it is most likely a terrible idea and we have precedent that the world works reasonably well without it.

> Sure, why not? It has worked for many years before.

Taxing on trust alone is exactly where this little thread started.

as i understand, the "overwhelming majority" (lower and middle class) are not the focus of the problem here as they rarely use tax havens to circumvent taxes anyway (it's probably not cost effective). this is all about those who have the funds and motives to circumvent taxation, who happen to be a minority - even thought they're not a minority when it comes to taxable income; the 1% or whatever.

as for the rest of your argument, i don't completely agree. while you're probably right in practice, i.e. the authorities would have used their tools against those movements, the goals of those movements were different. the civil rights movement was probably illegal at the time but the goal was to change the laws to make it legal. same for sex. no millionaire wants to make tax evasion legal, as that would affect all tax payers, even those of the lower and middle class. they want that only for themselves.

i agree that (hard) drugs are probably a comparable example - it's illegal and puts a strain on society. on the other hand, use of hard addicting drugs can be categorized as an illness. so should we label money hoarding and tax evasion an illness? offer treatment options? allow them supervised safe spaces to evade taxes so we can offer them help?

i'm not convinced that financial privacy whould be no exception. there must be limits if it affects the others. i also don't think environmental pollution should be an issue of privacy - you shouldn't be able to pollute the air and claim it's nobodys business, as your factory stands on your own private plot of land.

Not to mention CGT been tweaked to ineffectiveness by previous governments by excluding assets from its calculations, notably housing, which has skewed CGT away from its original purpose and it's now more of a stick to whack at industries that aren't cozy with the current government.

In fact in many countries CGT is only used to refer to the LOWER version of the tax ... after all you should pay income tax whether you make your income digging ditches, house flipping, or day trading

He's spending more on everything than you are.

That doesn't even things up, of course, but then neither does the current system. It would arguably be closer to even.

The beauty of a universal sales tax (as an alternative to income tax), in addition to the fact that the wealthy consume more of everything, is that a transaction tax is more difficult to lobby loopholes into.

And, of course, it potentially doesn't need as large (read expensive) a bureaucracy to manage and enforce it.

It also removes the burden of record keeping/reporting from consumers and payroll tax from employers.

A lot of people have spent time thinking about the idea. One example: https://fairtax.org/

It's not a problem free solution of course, but neither is the current one. Someday a proposal for a transaction tax might even make it out of committee.

According to [1] Warren Buffett's house is worth .001% of his total wealth, at $652,619.

And for Warren Buffet to pay sales tax proportional to someone with $500,000 in assets buying a $50,000 car, he'd have to buy the world's most expensive car - a $5 million Koenigsegg of which only 3 were ever made - 1700 times over.

[1] https://www.businessinsider.com/warren-buffett-modest-home-b...

It's a bit like a straw man fallacy.

It happens a lot less often on HN though in my experience.

Right after the bit you quoted I noted that WB buying an expensive car doesn't even things out.

The idea of sales tax as a replacement for income tax isn't new or lacking rigor. Over the years it's had a lot of support from both economists and politicians. The math, at least on the surface, does work.

Personally, I haven't spent enough time looking at it to have a lot of conviction one way or the other about it's viability.

But it's an interesting idea that isn't invalidated by comparing cars.

Somebody said a computer can't do something, somebody prove them wrong!

If you find something fishy - you penalize business for different misconduct and signal them to be compliant in the future.

In general big businesses/taxpayers will be compliant anyway (but use all the loopholes that exist in your tax law)

While smaller businesses will have trouble to be compliant not because they don't want to, but because they can't have their accounting straight.

So there is no good justification for government to scan every transaction without prior justification, since most actors want to be compliant anyway.

I come from post USSR country and have a small fortune accumulated abroad. I don't have to pay taxes from this money, since I'm not a tax resident in my country at the moment. But since laws in my country work against regular people and some of them are prohibitive to work abroad/in modern digital way - the moment I transfer this money back home, our tax authority will pull some outdated law and the burden of proof will be on me (with my bank account frozen)

I DON'T NEED THIS.

So please, 1st world countries, don't send information on my hard earned money, to our 25 year strong socialist dictator.

So how about $5 mil? Nice larger lot home in Palo Alto that some dying parents bought in 1940. Not even retirement money in the bay but could be middle class retirement in Alaska.

Where is your “obvious” line? Your handshake/battery analogy is shitty because it involves a victim and medical/first responder reports.

We’re talking about setting some line where we feel as a society it’s morally ok to start taking money that has already been taxed strictly based on “that seems excessive” without any logical criteria.

Truly anonymous, or even mostly anonymous money is basically isomorphic to bitcoin: it's mostly fraud and illegality, with just enough privacy advocates (and a few dirty preppers) to make it look legitimate.

[1]https://www.businessinsider.com/4-european-countries-wealth-...

I just want some privacy.

Obviously I hope my bank keeps a record of my assets with them. Perhaps they could merely keep my assets sealed in a box identified with a code and locked by a key, and they cannot open the box without the key, and I keep the only copy of that key. Perhaps the box is an encrypted database record and the key is a nice megabyte long random number which takes an hour to confirm. I can suppose it's secure (for the time being). And it's formally anonymous, since they don't even record that I posses the key.

But I still leave a trace when I access it. It's an intrinsic risk. I also risk dying every time I walk out of my house. I do things that have risk involved because it is necessary. Risk is not an argument against an activity.

So yeah, privacy matters.

Care to cite some? That's just a silly point. There's probably no area of regulatory theory more well travelled than taxation. Imagine a trick and someone has tried it, often thousands of years ago.

And it's even incorrect as a practical matter in the modern USA, where government revenue as a share of GDP has been going steadily downward for like 70 years now, even in the face of decades of deficits. It's literally the policy position of the ruling party!

Because government spending increased explosively before those 70 years. First, the government essentially took a loan from future generations through social security and second, there was an enormous war that the government mobilized the economy to fight. You would expect spending to go back down after both of them.

In addition to the soft tax of excessive inflation mentioned by the other poster, Elizabeth Warren and Bernie Sanders have proposed wealth taxes.

https://www.businessinsider.com/wealth-tax-definition-explai...

You can agree with that or not morally, but it is by definition a tax on already legal (and taxed during income) money.

My biggest issue with a wealth tax on the super-wealthy is that it would quickly morph into a wealth tax on everyone above lower-middle class.

Old article but the numbers have scaled proportionately...

"If the IRS grabbed 100 percent of income over $1 million, the take would be just $616 billion. That’s only a third of this year’s deficit. Our national debt would continue to explode." [0]

[0] https://www.forbes.com/sites/danbigman/2012/04/03/john-stoss...

Addressing that discontinuity is exactly what a wealth tax is about. I'm not completely sold on it myself (they're very hard to administer and a giant moral hazard), but don't allow yourself to be fooled into thinking it's a dumb or discredited idea. There's a real problem, and wealth taxes represent a real, if imperfect, solution.

It has?

https://www.usgovernmentrevenue.com/revenue_chart_1900_2020U...

It's about building a society that can be based on assumption of honesty and trust rather than surveillance and authoritarianism. At present, our electronic monetary system has morohed into something that resembles George Orwell's 1984.

Can you clarify what precisely you mean by this statement? Most empires historically-speaking have had sophisticated book-keeping methods. Chinese empires used to tax anyone who exited a city on the profits they made during their visit. The Romans when they took over Egypt, taxed the hell out of it and for that purpose kept meticulous records on all of the transactions that happened. The notion of Tax itself goes back to Mesopotamia.

(I wrote that based from history books I've read over the years. But this link will do: https://en.wikipedia.org/wiki/History_of_accounting#Ancient_...)

The tax which each individual is bound to pay ought to be certain, and not arbitrary. The time of payment, the manner of payment, the quantity to be paid, ought all to be clear and plain to the contributor, and to every other person. Where it is otherwise, every person subject to the tax is put more or less in the power of the tax-gathered, who can either aggravate the tax upon any obnoxious contributor, or extort, by the terror of such aggravation, some present or perquisite to himself. The uncertainty of taxation encourages the insolence and favours the corruption of an order of men who are naturally unpopular, even where they are neither insolent nor corrupt. The certainty of what each individual ought to pay is, in taxation, a matter of so great importance that a very considerable degree of inequality, it appears, I believe, from the experience of all nations, is not near so great an evil as a very small degree of uncertainty.

-- Adam Smith, Wealth of Nations, Book V, Chapter 2, Part 2: Of Taxes.

https://en.wikisource.org/wiki/The_Wealth_of_Nations/Book_V/...

Smith's preference was for a tax on land, which is difficult to move off-shore.

Since that state was radically democratic, it may not have had the corrupting influence on the taxers as Smith suggests... but maybe it was a factor in the aristocrats allying with their rival Sparta to topple their own constitution.

At that point the difference between bandits and city state military was essentially just diplomacy in terms of how their neighbors and survivors would react to somebody putting killing or enslaving them.

I like the idea of land tax, but I like that statement even more. (Land tax, on paper, seems like it would be such a good idea, and transaction taxes are nowadays so invasive, that it's incomprehensible to me why we don't have them.)

Before the advent of computing and auditing it would be hard to tell if a blacksmith sold 50 or 55 swords. So income tax wasn't viable and instead taxation on lands were more common.

I don't know what you mean. Hong Kong is a trading port, and any wealth it "creates" is done by refining imported materials. This option is only available someplace lots of trade naturally occurs, like Hong Kong's river basin.

My point is that to collect property tax it's easier for the Government and Income tax is harder for the Government. It requires more reporting...

It has nothing to do with the value extracted.

If the only tax in a jurisdiction is a land tax and you don't own land, you don't pay tax. This will either be because you ideologically are opposed to paying taxes and you're willing to pay more in foregone profits/opportunity cost, or because there's better more profitable investments elsewhere in the marketplace, in which case land values will grow more slowly till an equilibrium is reached.

But since most transacations are tied to land somehow (because the good was imported at the port, transported by trucks that are stored in a truckyard, and sold to you by a person who lives in a house using mobile phones that connect to transmitter towers) so you won't be engaging in some kind of pure untaxed marketplace.

It'll probably create a stockmarket bubble though. Best to tax shares as well as land.

One of the executives in that bank is the older brother to a star witness in the Presidential impeachment inquiry. Yet no one really cares about crimes committed by corporations.

Lots of people do. They just don't happen to have the evidence to put those corporations in jail. The presumption of innocence is a valuable principle, but it cuts both ways. It defends you as much as it does corporations (who have A TON more resources to prevent/ mitigate a prosecution).

"Here is an example from one academic paper on South Dakotan trusts: after 200 years, $1m placed in trust and growing tax-free at an annual rate of 6% will have become $136bn. After 300 years, it will have grown to $50.4tn. That is more than twice the current size of the US economy, and this trust will last for ever, assuming that society doesn’t collapse altogether under the weight of this ever-swelling leach."

So, yes - if you want to anonymously store your legally gained cash you have options stateside.

That said ... this is the premise of some entertaining science fiction.

> That said ... this is the premise of some entertaining science fiction.

Or not. None of it it fictional. Feel free to clarify what you mean, but the only thing fictional is the entirety of your comment.

https://www.youtube.com/watch?v=NEu0o62ycmg

Economically speaking, this is Not Even Wrong.

Can you eat your cash? Can you fly using your cash? Can you build a phone with cash? No, you can't do anything with cash without a public exchange that might be accountable.

Unfortunately, people did buy the idea that ”Markets can work without accountability”, and that's what you do when laundering money in a fiscal paradise. Hopefully, crypto can drive us out of that craziness of money as a good.

Anonymously storing it makes it illegal. With Europe's negative interest rates, they're currently in the process of making personal storage illegal for large amounts (you're supposed to store it in a bank to pay negative interest).

Couldn't believe it, so I looked it up https://www.ft.com/content/74573de6-0a15-11ea-bb52-34c8d9dc6...

that is bizarre

On the other hand, there's crypto

But most of it isn't.

Which one's been audited?

This is another interesting part. How can the US "force" a sophisticated wealthy sovereign nation that culturally and morally values banking privacy (not only for the profits), like Switzerland?

It cannot be understated how much power, control and ownership the US has of the world financial system. If Switzerland did not comply, they would have been fully cut-off, unable to participate in any finance at all. It happened swiftly (no pun intended [1]), there was no discussion, only power.

Most of the west is mostly aligned with what the US is doing, so it's not a big deal. Every government wants more visibility, control and power over finances. It is akin to how the US military handles matters of physical force on behalf of the rest of the west.

Just a quick note that the US is equally powerful in the financial arena as they are militaristically, if not more so.

[1] SWIFT is one of the systems Switzerland could have been cut off from

Also check the relationship between Mauritius and Africa/India for another example of such a relationship. It is funny though how even in today's world the corrupt from developing countries still manage to move the money around so easily, it happens only because you have the ability to grease the right palms.

Forget about the island countries, i do not think even developed countries like UK (Russian money) or Canada (Vancouver real estate) cooperate enough if the person gets citizenship and is accused in a different country. I know because there is at least one documented case where the proceeds of a large scam in India were funneled to Vancouver real estate, how something like this is possible is beyond my understanding.

I think it's also a Hollywood meme - since I remember, the villains always had Swiss bank accounts to store their ill-gotten money.

Not trying to take a stance on the wisdom of these policies, but this is a nice example of how realpolitik/power-politics/game-of-thrones is still how the international world works.

As for "culturally and morally values privacy", I would find that a lot easier to believe if those privacy advocates had equally lobbied for the privacy of salary statements for the employed. But, hey, someone has to keep paying taxes, if the rich don't.

Now, deprived of other unsavory sources of wealth, Swiss Banks are eagerly dabbling in cryptocurrencies.

Or is the Swiss view generally more like what it has been historically, that they are neutral and provide a service that others can't.

While initiatives usually fail the popular vote, it is not so certain for this one. It has very broad support. All parties have to argue their position regarding initiatives that will get voted on. So yes certainly there is a debate on such issues.

[0] https://corporatejustice.ch/about-the-initiative/

35 years ago, there was a referendum that would have prevented banking privacy from being used to cover up crime. It failed decisively, but showed that at least 25% of the voters were in favor.

A few years later, after the ouster of Ferdinand Marcos, Swiss banks for the first time in my memory blocked some of his funds, and subsequently the banks were much more circumspect in dealing with dictators.

The next step was the debate about dormant Holocaust era accounts, which led to an official historical commission. That certainly led to domestic debate, which was complicated somewhat by the international pressure under which Switzerland found itself.

And finally, in recent years, after more scandals and stricter banking rules imposed especially by the US, the banks finally seem to be getting out of the organized crime business.

By taxing in 30% any money coming from institutions in countries not adhering to FATCA

Of course they could try to pressure SWIFT, but there’s no guarantee that would work.

This was the trade off Churchill was forced to agree to, as London was being bombed by the Nazis, if he wanted the US to join the war. Before the War the UK ran the World's finance, after the War it was the US. In short the US financial power was birth directly from its military power.

https://en.wikipedia.org/wiki/Bretton_Woods_system

This has a link to the PMoney episode you're thinking of, as well as a more recent discussion of the economic fight other nations possibly trying to supplant or at least be adjacent to the dollar as a reserve currency.

https://www.npr.org/sections/money/2019/07/30/746337868/75-y...

This is why the US does not want https://en.m.wikipedia.org/wiki/BRICS to succeed and will do much to sabotage it.

In the world of politicking, there are no good guys - just lesser of evils (or better the devil you know).

While others were unscarred they never "stood up" by the standards of the world scale even if they were also industrialized.

Current CT: Brexit has to happen before 2020 because otherwise City of London will be subject to EU rules that will cause current anonymities to be revealed.

And half of finance in London is not even located in the City (West End and Canary Wharf).

The UK is certainly not a tax heaven.

The city has had the deserved reputation for being a tax haven for well over a century.

https://www.newstatesman.com/economy/2011/02/london-corporat...

[1] https://jakubmarian.com/is-it-tax-haven-or-tax-heaven-in-eng...

Two reasons come to mind:

1. Switzerland (like EU countries) depends a 100 % on the US for defense, in the sense it would basically turn into Russia / China overnight if the US wasn't a military power protecting them. This alone gives the US pretty much unlimited political leverage.

2. The US has the number 1 world wide spying agency, which acts as the leader to other "Western" spying agencies (see point 1). This means the US knows everything about everybody and thus has unlimited political leverage over anybody. Again this reason alone gives them quite a bit of political leverage over even a country like Switzerland (hands down the most democratic country in the world). Even though Switzerland has political safeguards in place that no other country has (direct democracy); in this case I guess Swiss people didn't mind (or didn't care about) sharing banking info with the US. After all: this helps tax evasion, so why vote against that...

You give some other answers yourself :P

There's no reason for the US to compromise on anything with any country in the Western world. And they don't. See for example: leaked cables on Wikileaks for tons of examples of good deals for the US and shitty deals for all counterparts.

Neither Switzerland nor the EU depend "100%" on the US for defense, far from it. Some EU countries are among the biggest military spenders in the world. It's also difficult to see how Switzerland would "turn into Russia / China overnight" given that it's completely surrounded by the EU. How do you imagine that the Russians or Chinese will come to dominate Switzerland? Note that Switzerland managed to maintain its independence in WWII even though it was completely surrounded by the Axis.

Russia vs France: https://www.globalfirepower.com/countries-comparison-detail....

Russia vs Germany: https://www.globalfirepower.com/countries-comparison-detail....

The rest of Europe has no military power to speak of. Random example: the Dutch tank force consists of 0 tanks.

> How do you imagine that the Russians or Chinese will come to dominate Switzerland?

Admittedly Switzerland is probably one of the toughest to beat in Europe due to their strategic advantages (mountains, bunkers, infrastructure pre-rigged with explosives, relatively lots of reservists). However, just look at the numbers above. If the US didn't exist, the EU wouldn't be the EU unless they had 10x the military power they have now to defend themselves.

> Note that Switzerland managed to maintain its independence in WWII even though it was completely surrounded by the Axis.

A few facts about that:

1. It did so partly through secret deals with the Nazis. Ever wonder where the stolen gold of the dead jews was stored and smelted? Right... CH

2. The world's current military and political powers aren't comparable in any way to those during the second world war.

3. The Netherlands was neutral during the first world war. In the second world ware they fought the Germans for 3 days before they lost. That's right. 3 days. The fact that a country managed to stay neutral 70+ years ago says absolutely nothing about whether they would achieve the same again now, with totally different potential enemies. And a completely different distribution of military powers.

Russia doesn't have any power beyond posturing to overly sensitive Eastern Europeans and China can't project much beyond their loans (and that's if they're willing to spend the little currency reserves they have).

There's quite a bit of resistance to NATO in parts of Europe these days precisely because the US is both unneeded and overbearing.

But tax avoidance has also been dramatically reduced. If you want to avoid tax, pretty much the only way to do it is to either move to one of these places or find someone at a bank who will move your money for you illegally (this is pretty hard to do because the upside is often quite limited relative to the huge downside).

So money is definitely moving back within home countries, and that is far easier to control.

One point you missed is the importance of US financial control over institutions. The other plank of FATCA was the threat that the US would essentially block a bank/country out of the global financial system if they failed to cooperate. This kind of extra-territorial monitoring of the financial sector deeply annoyed everyone but..it was effective, and is a good example of a gain from US leadership of the international community (even Russia informally complies afaik).

Yet it's a known. And it remains in place.

Let's stop being so naive.

That seems a pretty hard pill to swallow.

But I don't think that proves the above comment incorrect.

Texas is also friendly to RVing, then some counties in Florida too recognize this but different counties had different views. Clay County in FL said that full time RVers aren't allowed to vote, yet a homeless person can claim they live at a park bench per federal laws. So they are making millions from RVers who barely even put ware and tear on the roads, so sounds like they found a perfect little niche from themselves in that area too, plus a valuable service when your former state you spent your entire life living in ditches you because you decided to live an alternative lifestyle.

Homeless people have the same problem, but homeless shelters can help people without any ID get one... Some argue people with $250,000 Diesel Pushers are homeless too, but it seems wasteful to get assistant from a homeless shelter when you are "homeless" by choice since other people those resources would be better spent helping, plus pretty sure you have to pick up your mail instead of them sending you a package with all your mail when you are across the country or even opening items and scanning them for you if you need access to a letter faster. I know people in RV groups prefer to call themselves "houseless" not "homeless"

Some guy works remotely for a medical marketing firm, traveling full time with his family living the life people dream of checking out all the different national parks all the way to the theme parks. While you are freezing your butt off in Ohio, they are camping at Fort Wilderness (the RV park at Disney world) but technically in the eyes of different agencies they're homeless. Some banks can give you trouble too. Didn't know homeless people could afford Disney!

So kinda interesting people who own property are treated differently than people who decide to travel full time. You could own property and never even go there and you'd be treated better than someone with no property at all for some reason. Seems very backwards, I guess society never considered people could work remotely and travel full time exploring, you are supposed to live in a house you are indebted to all your life, then maybe when you are in your 60s you can explore while you can barely walk or living off the tiny bit of social security you get, if it's even still around by time you reach that age.

For one (among other issues) it completely ignores the destruction of family farms and businesses, no longer able to operate due to heavy tax burdens put on them by the state, simply because one of the owners has passed away and they didn't have enough cash in reserve to pay what the government deemed they owe. Mine and your politicians forced the creation of these havens because of their wanton disregard for people's hard work and effort, and I'm not going to shed any tears of there being a way for some of them to protect it.

I know, the writer alludes to a one-world dictatorship that might one day have been able to prevent this 'horrible evil' from taking hold, but we're not there yet, thankfully.