4 ms·
Your amounts are laughably low for the person who sparked this topic of discussion. Eric Schmidt has $14.2 billion dollars. 4 million in a stash account is not
by dismantlethesun 6y ago
Your amounts are laughably low for the person who sparked this topic of discussion. Eric Schmidt has $14.2 billion dollars.
4 million in a stash account is nothing more than weekend
vacation money.
Let's be honest, for most people hiding your money from the government, just means you can't access it anymore---which makes it essentially useless to you. For the current day mega-rich, they don't have any ties to the maffia, or other shady operations that would incentivize them having black-money funds.
Re-invest your money for low taxes, pay your taxes, and you will still be a billionaire next year, and won't have to every worry about black helicopters snatching you from your yacht.
- Retric 6y agoAs I said repeat as needed, some people move billions using such methods over time. And yea, doing this to money isn’t as useful day to day again as I pointed out, but that’s not what it’s for. We are talking insurance not tax evasion. It’s a mistake to think of Money as a fungible assets without any distinguishing characteristics. Set aside 10% in ultra safe investments and your protected from market crashes but not the government freezing your assets, bankruptcy, or your ex wife taking you to the cleaners. Schmidt would be a fool not to set aside ~50 million in some hidden accounts specifically because it’s a small enough amount as to be meaningless today, but plenty of money to hide out comfortably in a non extradition country.