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This article reads like a few I have seen in the NYT— it’s written in a populist tone, but it simultaneously reads like an advertisement: “Want to park money so

This article reads like a few I have seen in the NYT— it’s written in a populist tone, but it simultaneously reads like an advertisement: “Want to park money somewhere anonymously? Try South Dakota!” The NYT has run similar articles on Cook Island Trusts and the use of anonymous LLCs to purchase real estate.

teslaberry 7y ago
yes maybe think twice before you support elizabeth warren or bernie sanders. taxing more is not the problem. the problem is tax havens and the incorporation, insurance, and general information system that exists within our legal framework for creating corporate limited liability entities of all sorts. corporations/llcs'/partnerships are all about 1) liabilitiy management 2) communal accounting for 2a) taxation purposes 2b) distribution to a potentially large enough class to make sole ownership accounting problematic 3) capital structuring ANONYMITY AND IDENTITY relations to the entitty structure effect ALL 3 of the above things,. we don't need to tax billionaires more at all. the problem in the u.s. is the same everywhere, if you FIX THE SYSTEM you wind up not only taxing corprorations more, which are the actual entities billionaires use to get rich, but you wind up with a control structure that begins to make sense for 'communal' managament. the 'community' may wind up driving the 'system' into capital flight. but there are fewer and fewer places that american money in puerto rico and the american offshore havens like panama, can run to, and the british offshore havens will just steal even more money from these corporations. it's truly a race to the bottom with tax sheltering and anonymity. and the democratic political debate INTENTIONALLY ignores this 800 gorrilla by baiting the masses of people who know no better into blaming the pink elephant billionaires. whose very existence is just a emergent phenomena of the system at large. the realy trillionaires are never in the paper and you don't even KNOW how to find out WHO they are. that's the real truth. and you will never have access to this by VOTING, or putting some dodo 'democratic socialist' or other democrat or republican in power. it's not up to you. voting is not responsible for everything . so at the very least, you better question where the supposed class war is going to take you. because it's not where you think!

teslaberry 7y ago

yes maybe think twice before you support elizabeth warren or bernie sanders. taxing more is not the problem. the problem is tax havens and the incorporation, insurance, and general information system that exists within our legal framework for creating corporate limited liability entities of all sorts. corporations/llcs'/partnerships are all about 1) liabilitiy management 2) communal accounting for 2a) taxation purposes 2b) distribution to a potentially large enough class to make sole ownership accounting problematic 3) capital structuring ANONYMITY AND IDENTITY relations to the entitty structure effect ALL 3 of the above things,. we don't need to tax billionaires more at all. the problem in the u.s. is the same everywhere, if you FIX THE SYSTEM you wind up not only taxing corprorations more, which are the actual entities billionaires use to get rich, but you wind up with a control structure that begins to make sense for 'communal' managament. the 'community' may wind up driving the 'system' into capital flight. but there are fewer and fewer places that american money in puerto rico and the american offshore havens like panama, can run to, and the british offshore havens will just steal even more money from these corporations. it's truly a race to the bottom with tax sheltering and anonymity. and the democratic political debate INTENTIONALLY ignores this 800 gorrilla by baiting the masses of people who know no better into blaming the pink elephant billionaires. whose very existence is just a emergent phenomena of the system at large. the realy trillionaires are never in the paper and you don't even KNOW how to find out WHO they are. that's the real truth. and you will never have access to this by VOTING, or putting some dodo 'democratic socialist' or other democrat or republican in power. it's not up to you. voting is not responsible for everything . so at the very least, you better question where the supposed class war is going to take you. because it's not where you think!