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This sort of defeatism is, unfortunately, as widespread as it is harmful and wrong. Rich people do not have any magical powers. And while they have better reso

This sort of defeatism is, unfortunately, as widespread as it is harmful and wrong. Rich people do not have any magical powers. And while they have better resources to find workarounds or get a discount when caught, the law generally applies to them just as it does to anybody else. With just a bit of political will, it would be rather easy to effectively levy such a tax. During the Obama administration, for example, offshore banking saw some drastic changes making it pretty much useless in many cases. Even Switzerland co-operates when you ask unfriendly enough.

aries1980 7y ago
> the law generally applies to them just as it does to anybody else Indeed, but the punishment of the law is not proportionate. E.g. stealing billions and stash it, you might end up in a 27-month jail time (http://www.nbcnews.com/id/19293341/ns/business-corporate_scandals/t/former-enron-exec-gets--month-sentence/ http://www.nbcnews.com/id/19293341/ns/business-corporate_sca...) which is a very good hourly rate. Must feel like a meditative vacation after the party-hard years.