Evidence from leaked account data on how elites use offshore banking [pdf]

Re:Evidence from leaked account data on how elites use offsh... by turbinerneiter on Saturday May 08, 2021 @05:05PM (#27090671)

Because poor people don't have time to learn, they have to struggle staying alive. And very often the billionaires business's model is based on poor people making bad financial decisions, like pay day loans or buying products they don't need but are told that they do by the billionaires ad agency.

Also, if the billionaires give a tiny amount of their money to fund schools, people will get educated, earn more money and be able to spend more.

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Re:Evidence from leaked account data on how elites use offsh... by Trias11 on Saturday May 08, 2021 @05:26PM (#27090869)

Government has all the tools to make it worthwhile for billionaires to keep money within the economy.

And governments of course has a ways to convince them that doing that is not wise.

High taxes is the easiest way to deplete economy from productive individuals and their resources.

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Re:Evidence from leaked account data on how elites use offsh... by turbinerneiter on Saturday May 08, 2021 @05:29PM (#27090885)

Taxes are paid on profits, investing reduces your profits, so if they want to invest, they don't have to pay taxes.

Taxes literally are used as a tool to incentivize investing in the economy.

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Re:Evidence from leaked account data on how elites use offsh... by Trias11 on Saturday May 08, 2021 @06:12PM (#27091235)

>> Taxes literally are used as a tool to incentivize investing in the economy.

I'm sure taxes has all the good intentions but how well does it work so far if trillions of dollars are escaping in direct opposite directions?

If the tool doesn't work at all - in fact instead of building it just breaks stuff - wouldn't it be a good idea to try a different tool?

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