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A comment on Evidence from leaked account data on how elites use offshore banking [pdf]. Parent comment

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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