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Debates Forum

Debates Forum

  1. Standard member bill718
    Enigma
    04 Apr '13 20:27 / 1 edit
    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/
  2. 04 Apr '13 21:55
    Originally posted by bill718
    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/
    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.
  3. 04 Apr '13 21:59
    Originally posted by bill718
    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/
    Not to worry, my health is hidden squarely away. No one will find it, not even myself.
  4. 04 Apr '13 22:54
    Originally posted by normbenign
    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.
    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.
  5. 04 Apr '13 22:59
    Originally posted by JS357
    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.
    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.
  6. Subscriber AThousandYoung
    Poor Filipov :,(
    04 Apr '13 23:49
    Originally posted by normbenign
    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.
    http://nation.foxnews.com/bill-gates/2012/01/25/bill-gates-raise-taxes-rich?intcmp=fly
  7. 05 Apr '13 00:08
    Originally posted by AThousandYoung
    http://nation.foxnews.com/bill-gates/2012/01/25/bill-gates-raise-taxes-rich?intcmp=fly
    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
  8. 05 Apr '13 05:00
    Originally posted by normbenign
    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
    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?
  9. 05 Apr '13 05:51
    Originally posted by normbenign
    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.
    No, would you?
  10. 06 Apr '13 21:03
    Originally posted by KazetNagorra
    No, would you?
    Absolutely, I would. Even people on the street make efforts to downplay their wealth. "Hey bro. Let me hold 20 till next week." reply "I'm on empty, bro."
  11. 06 Apr '13 21:07
    Originally posted by JS357
    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?
    Probably 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.

    "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.