In Which Success Comes Under Siege
By Pejman Yousefzadeh Posted in Economy | Free Market Competition | Tax Havens — Comments (2) / Email this page » / Leave a comment »
Tax havens make for extremely wealthy and prosperous jurisdictions, raise living standards and provide competition that has the effect of preventing high tax jurisdictions from raising their taxes to astronomical levels, lest obscene amounts of business is lost to those low tax jurisdictions.
So naturally, tax havens are under attack as criminal locales and instruments that would frustrate a supposedly "progressive" redistribution of wealth in which non-wealthy jurisdictions get to dictate policy to their wealthy counterparts and unfairly prosper at the expense of those wealthy jurisdictions.
Quelle surprise. Just imagine how much more life would make sense if success were admired and emulated instead of pilloried and scorned.
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In Which Success Comes Under Siege 2 Comments (0 topical, 2 editorial, 0 hidden) Post a comment »
...can you expect from the tax system, that is built upon the arrogant premise that whatever you have, whatever you are capable of earning because of your natural abilities, whatever you have managed to save for yourself after satisfying your needs, is actually the tax man's. You at best can only have temporary possession because of them due to the tax man's generosity.
To see a demonstration of this philosophy in an unadulterated version you will only have to wait until the year of Hillary in 2009. "We're going to take what you have away from you and put it where it will do some good" Hillary C at the 'Ya-Ya Sisterhood' convention, San Francisco, summer 2004.
Vote as if the future of your children and your children's children is at stake.
From the CATO piece...
Given the Vatican's, erm, somewhat dicey footing vis-a-vis taxes paid to the government of Italy, perhaps this is one of those many articles of public policy where the Church should, well, shut up. No?
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Diplomacy is the art of saying 'Nice doggie' until you can find a rock.