3 ms·
There is a silverlining to loss of financial privacy due to taxes. It enables insurance. It reduces principal agent problem when you have many layers of emplo
by naveen99 10y ago
There is a silverlining to loss of financial privacy due to taxes. It enables insurance. It reduces principal agent problem when you have many layers of employees. It enables safer voluntary transfer of wealth. It gives you some leverage against government by shopping tax jurisdictions for your business.
- aminok 10y agoYou can provide your personal information voluntarily, and all the benefits you mention would be conferred from this, without any privacy rights being violated.