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A comment on Evidence from leaked account data on how elites use offshore banking [pdf]. Parent comment
>> You know this and everyone knows this.
> False consensus fallacy
Absurd comment. The wealth inequality and regressive taxation has been inherent to capitalism since at least roman times - http://www.bbc.co.uk/history/ancient/romans/social_structure... https://foreignpolicy.com/2020/08/14/wealth-tax-zakat-islami...
Once your wealth is international, you don't have to pay on what you don't declare across tax regions. These havens arent really havens, as much as optimizations on where you declare assets based on asset class. etc
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>> You know this and everyone knows this.
> False consensus fallacy
Absurd comment. The wealth inequality and regressive taxation has been inherent to capitalism since at least roman times - http://www.bbc.co.uk/history/ancient/romans/social_structure... https://foreignpolicy.com/2020/08/14/wealth-tax-zakat-islami...
Once your wealth is international, you don't have to pay on what you don't declare across tax regions. These havens arent really havens, as much as optimizations on where you declare assets based on asset class. etc