Comment · Tue, July 24, 2012
Super rich hiding up to $32 trillion offshore, which amounts to roughly the US and Japanese GDP combined. Up to $280bn is lost in tax revenues. Some of the world's biggest banks are involved: HSBC, Citigroup, Bank of America, UBS, Credit Suisse
What they were answering
[deleted] · 1 points
I pay my taxes, so I do not see the government giving me anything
And in this, I'll say again that I think you're naive. Most of us ultimately get more out of the system than what we put in. This is especially true these days, when taxes are so low and nobody wants to invest in the system, meaning we're all slowly withdrawing from an account that will leave our children bankrupt.
That means I am unwilling to pay more for the current one.
Do you imagine that the best way to rectify that is to avoid paying? To make a very loose comparison, if your business were failing, do you think the best way to make it thrive would be to stop investment and take everything out of it that you could?
EDIT: Look, I'm willing to concede that you're a decent man doing generally mostly good productive awesome things. I don't know anything about you, but I'll concede that for the sake of argument, at least. But many of these people are screwing the system for every cent that they can. They're performing accounting acrobatics to make it appear that their business shouldn't pay any taxes to the US because all profits magically took place in a country that collects almost no taxes, and all losses occurred everywhere else.
Those guys: fuck them. They don't get to hide behind, "Businesses should always be minimizing their tax liability."
u/MisterYouAreSoDumb
Most of us ultimately get more out of the system than what we put in.
Explain this to me. How can we get more out than we put in, if the government can only use what we give it? As a whole, how can a population get more from a government that it funds itself? Or are you saying that the rich do carry the economy, and everyone else is just getting more out of it than they put in?
Do you imagine that the best way to rectify that is to avoid paying? To make a very loose comparison, if your business were failing, do you think the best way to make it thrive would be to stop investment and take everything out of it that you could?
If management was running it into the ground, there is no way I would invest more into it. Management would need to be changed, and business plans modified before more investment would make any difference.