Re:The Big Escape: How the Ultra-Wealthy Avoid Paying Taxes ...
by intended on Friday September 17, 2021 @12:13PM
(#28567197)
I was an IB/PE financial analyst in another life and tax optimization by moving cash flows around is not only a thing, it’s the norm.
Plus if your argument were fair, we wouldn’t be seeing the kind of wealth concentration in the system.
It’s essentially a sign that financial engineering is an un-checked force multiplier which regulation has not kept up with.
Finally - asset appreciation is real, yes interest rates have been low and would typically be inflationary - however we’ve also had multiple massive disasters in a short span of time which have crushed demand and economic activity.
Plus if your argument were fair, we wouldn’t be seeing the kind of wealth concentration in the system.
It’s essentially a sign that financial engineering is an un-checked force multiplier which regulation has not kept up with.
Finally - asset appreciation is real, yes interest rates have been low and would typically be inflationary - however we’ve also had multiple massive disasters in a short span of time which have crushed demand and economic activity.