04 Apr 13
Originally posted by bill718If you had been wildly successful, beyond your dreams, would you not try to hide some of your wealth? Even people who win the lottery make efforts to become less visible in regards to their new found wealth.
If there is substance to this story, this could spell trouble for a lot of people!
http://finance.yahoo.com/news/report-exposes-secrets-of-off-shore-tax-havens-173639198.html
http://goldenageofgaia.com/2013/04/exposed-super-rich-hiding-trillions-in-offshore-havens/
04 Apr 13
Originally posted by bill718Not to worry, my health is hidden squarely away. No one will find it, not even myself.
If there is substance to this story, this could spell trouble for a lot of people!
http://finance.yahoo.com/news/report-exposes-secrets-of-off-shore-tax-havens-173639198.html
http://goldenageofgaia.com/2013/04/exposed-super-rich-hiding-trillions-in-offshore-havens/
- Joined
- 29 Dec 08
- Moves
- 6788
04 Apr 13
Originally posted by normbenignAt some level of wealth that varies by person and time, it becomes a game, and the amounts made and kept are part of the scoring.
If you had been wildly successful, beyond your dreams, would you not try to hide some of your wealth? Even people who win the lottery make efforts to become less visible in regards to their new found wealth.
04 Apr 13
Originally posted by JS357True, to some extent. The other factor in the calculations of the uberwealthy, is that they know they are much better at managing money and producing results than are government bureaucrats. That's why guys like Gates and Buffett, start foundations and put way more money into altruistic ventures, and still fight like the devil to reduce their taxes.
At some level of wealth that varies by person and time, it becomes a game, and the amounts made and kept are part of the scoring.
They don't "need" the money, but they hate like hell seeing it wasted.
04 Apr 13
Originally posted by normbenignhttp://nation.foxnews.com/bill-gates/2012/01/25/bill-gates-raise-taxes-rich?intcmp=fly
True, to some extent. The other factor in the calculations of the uberwealthy, is that they know they are much better at managing money and producing results than are government bureaucrats. That's why guys like Gates and Buffett, start foundations and put way more money into altruistic ventures, and still fight like the devil to reduce their taxes.
They don't "need" the money, but they hate like hell seeing it wasted.
05 Apr 13
Originally posted by AThousandYoungNote the "shared sacrifice" part.
http://nation.foxnews.com/bill-gates/2012/01/25/bill-gates-raise-taxes-rich?intcmp=fly
"Everyone wants to live at the expense of the state. They forget that the state wants to live at the expense of everyone." Frederic Bastiat
- Joined
- 29 Dec 08
- Moves
- 6788
05 Apr 13
Originally posted by normbenignDo you (or bastiat) mean this in the organic sense, that the state is a uberbeing to itself? Or do you mean that some of the human individuals competing for wealth will find government to be a useful way to obtain it?
Note the "shared sacrifice" part.
"Everyone wants to live at the expense of the state. They forget that the state wants to live at the expense of everyone." Frederic Bastiat
More to the point: Under capitalism, is control of the government an illegitimate means of gaining wealth? If so, why?
06 Apr 13
Originally posted by JS357Probably works in either sense. To be sure a government that spends $5T a year is an uberbeing to itself. It is also true that humans will seek the advantage of having the government on their side.
Do you (or bastiat) mean this in the organic sense, that the state is a uberbeing to itself? Or do you mean that some of the human individuals competing for wealth will find government to be a useful way to obtain it?
More to the point: Under capitalism, is control of the government an illegitimate means of gaining wealth? If so, why?
"Under capitalism, is control of the government an illegitimate means of gaining wealth? If so, why?"
A market is no longer free if government chooses winners and losers. Once the market is not free, it stops working as it should.