Re:For the very rich, citizenship is a problem to be solved.
by ristretto on Sunday August 21, 2011 @12:59PM
(#2909584)
What makes you think that "keeping their cash there" is beneficial to any society? I am obviously getting political here, but money for its own sake should not be a goal. Money should be invested or taxed.
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Re:For the very rich, citizenship is a problem to be solved.
by dualogy on Sunday August 21, 2011 @02:25PM
(#2909802)
Why should I make any at all if at the end of a long productive life you jump out from a corner and says how these fruits should be deployed? For kicks? I might, and many more able than me do -- but there's a breaking point for everyone. And I found that the tax-man much more resembles that old cliche about the "greedy", the "rich", the capitalists -- it's the taxman that truly can never get enough, never tax enough, never borrow enough, just to keep their own fairytale reality going another day or decade.
Re:For the very rich, citizenship is a problem to be solved.
by markkat on Sunday August 21, 2011 @01:03PM
(#2909597)
>Money should be invested or taxed.
Agreed. But there is what should be done, and what is done. I don't think this is anyway admirable, or of any benefit to society, (it's basically taking wealth harvested within a system out of that system) but I do see that it might be a possible solution for a perceived problem that exists for very wealthy individuals.
Re:For the very rich, citizenship is a problem to be solved.
by bd_at_rivenhill on Sunday August 21, 2011 @02:39PM
(#2909852)
You're ignoring one particularly American problem, which is that Americans who harvest wealth outside the system of their country of citizenship are still required to pay taxes to it. I suspect that these sort of proposals would probably go away if rich Americans who moved to Hong Kong or Singapore were not expected to continue paying into Uncle Sam's coffers.