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From personal observation I find this statement to be true: "[the super rich] put $$$ in the Cayman Islands or use fancy investment vehicles to shelter their in
by aresant 16y ago
From personal observation I find this statement to be true: "[the super rich] put $$$ in the Cayman Islands or use fancy investment vehicles to shelter their income".
It's for this reason that I find the concept of a "flat tax" so compelling.
There are plenty of holes in implementing a flat-tax, but fundamentally everybody putting an equal share of their income into the pool feels right to me.
http://en.wikipedia.org/wiki/Flat_tax http://en.wikipedia.org/wiki/Flat_tax