Quote:
Originally Posted by TheDaddy
Iirc nearly 10% of the world's wealth is out of circulation squirreled away in hidden off shore bank accounts
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Apart from the wealth that's been stolen by dictators or what comes under illegal tax evasion, I say good for them!
The first worlds governments are greedy for our money and already swimming in it. Why the hell should we feel the need to give them more of what we have earnt?
This groundswell of populist anti tax avoidance feeling is playing into the hands of the worlds governments. But the people who know how best to spend the money are the people who earnt it.....not governments who often waste it. Yet because of envy, many of us are advocating that govts enable the grabbing of more and more of their populations money, starting with the rich, because 'they have enough and can afford it'.
There are already wheels in motion to get rid of £50 notes (which will make cash in hand work harder), get rid of cash (which will make it easier for govts to see whos got what and where it comes from) and allow the taxman to raid our bank accounts (no explanation required).
But like Pastor Martin Niemöller wrote:
"First they came for the Socialists, and I did not speak out—
Because I was not a Socialist.
Then they came for the Trade Unionists, and I did not speak out—
Because I was not a Trade Unionist.
Then they came for the Jews, and I did not speak out—
Because I was not a Jew.
Then they came for me—and there was no one left to speak for me."
In your rush to demand that the worlds governments crack down on tax avoidance/offshore tax havens etc, be careful what you wish for......