2 ms·

I thought their whole schtick was "one world government," which is precisely what colluding to destroy tax competition is, as is banning capital flight which re

I thought their whole schtick was "one world government," which is precisely what colluding to destroy tax competition is, as is banning capital flight which results from abusive policy.

axlee 5y ago
colluding: to act together secretly or illegally in order to deceive or cheat someone. And please: capital flight being the results of abusive policy? Corporations and wealthy individuals will always try to avoid giving the fair share to the society that enabled their wealth in the first place: the case where wealth moves because of abusive policies is so marginal in the ocean of pure greed. Some countries are fiscal parasites and benefit from the theft of other societies, and this is how we deal with parasites. Should we just watch wealth evaporate away to offshore stashes, wealth that actually belongs to the people?
- dane-pgp 5y ago
  > wealthy individuals will always try to avoid giving the fair share to the society Given that the median US household pays about $10k in taxes per year, and has a net worth of about $120k, perhaps we also need a global minimum wealth tax of say 8% per year, with a tax free allowance on the first $100m of net worth.
- robertlagrant 5y ago
  The fair share is defined by tax law. It's not some additional amount.
  - dantheman 5y ago
    Notice how fair share is never actually stated... How much of your time should you be forced to devote to others - the majority of government spending is on social programs. 1 day a week, 2 days a week? What's the fair share? I'd say it's actually far lower than current tax rates.
- djbebs 5y ago
  Rich people are the only ones paying anything at all. If that's not paying their fair share, how are the 50% of people who don't pay any income taxes at all paying their fair share?
  - axlee 5y ago
    Poor people pay a lot more taxes overall in relation to their wealth and income than the extra-rich. We have a regressive tax system.
    - refurb 5y ago
      How do you pay more when the rate is 0% for the bottom 40%?
      - 8note 5y ago
        There are taxes other than income taxes
        refurb 5y ago
        Enough to offset the EITC? Most low income folks pay a negative tax rate.
        medvezhenok 5y ago
        I would consider also consider basic rent & food as sort of a "survival tax" if you will, and count it into the equation. The only useful number is not % tax difference between rich & poor, but % leftover for discretionary spending.
        refurb 5y ago
        You might consider those taxes but nobody else does.
ris 5y ago
> tax competition It is not tax competition. It's tax fleecing. The issue is that companies are paying the rates of low-tax countries while operating by and large in "high"-tax countries and reaping all the benefits from their expensive infrastructure, law enforcement, healthcare, education, welfare (to top up absurdly low employee wages)... all of which gets paid for by "someone else" (you and me). It might be tax competition if a company that decided to pay Bermudan tax rates also had to draw all its talent from Bermudan universities, had to build their massive shipping hubs in Bermuda using Bermudan transport, had to perform their complex legal cases through Bermudan courts, had to have their entire workforce cared for by the Bermudan healthcare system (or pay them enough to go private)... (Nothing against Bermuda, picked totally at random)
- robertlagrant 5y ago
  It is tax competition. It's just not also labour/university/transport etc competition all lumped into one huge unwieldy choice.
  - ris 5y ago
    No - you don't get to go to a supermarket and choose to pay the price listed for the cheapest bottle of wine and walk out with the most expensive bottle of wine.

I thought their whole schtick was "one world government," which is precisely what colluding to destroy tax competition is, as is banning capital flight which results from abusive policy.

axlee 5y ago

colluding: to act together secretly or illegally in order to deceive or cheat someone. And please: capital flight being the results of abusive policy? Corporations and wealthy individuals will always try to avoid giving the fair share to the society that enabled their wealth in the first place: the case where wealth moves because of abusive policies is so marginal in the ocean of pure greed. Some countries are fiscal parasites and benefit from the theft of other societies, and this is how we deal with parasites. Should we just watch wealth evaporate away to offshore stashes, wealth that actually belongs to the people?

dane-pgp 5y ago
> wealthy individuals will always try to avoid giving the fair share to the society Given that the median US household pays about $10k in taxes per year, and has a net worth of about $120k, perhaps we also need a global minimum wealth tax of say 8% per year, with a tax free allowance on the first $100m of net worth.
robertlagrant 5y ago
The fair share is defined by tax law. It's not some additional amount.
- dantheman 5y ago
  Notice how fair share is never actually stated... How much of your time should you be forced to devote to others - the majority of government spending is on social programs. 1 day a week, 2 days a week? What's the fair share? I'd say it's actually far lower than current tax rates.
djbebs 5y ago
Rich people are the only ones paying anything at all. If that's not paying their fair share, how are the 50% of people who don't pay any income taxes at all paying their fair share?
- axlee 5y ago
  Poor people pay a lot more taxes overall in relation to their wealth and income than the extra-rich. We have a regressive tax system.
  - refurb 5y ago
    How do you pay more when the rate is 0% for the bottom 40%?
    - 8note 5y ago
      There are taxes other than income taxes
      - refurb 5y ago
        Enough to offset the EITC? Most low income folks pay a negative tax rate.
        medvezhenok 5y ago
        I would consider also consider basic rent & food as sort of a "survival tax" if you will, and count it into the equation. The only useful number is not % tax difference between rich & poor, but % leftover for discretionary spending.
        refurb 5y ago
        You might consider those taxes but nobody else does.

ris 5y ago

> tax competition It is not tax competition. It's tax fleecing. The issue is that companies are paying the rates of low-tax countries while operating by and large in "high"-tax countries and reaping all the benefits from their expensive infrastructure, law enforcement, healthcare, education, welfare (to top up absurdly low employee wages)... all of which gets paid for by "someone else" (you and me). It might be tax competition if a company that decided to pay Bermudan tax rates also had to draw all its talent from Bermudan universities, had to build their massive shipping hubs in Bermuda using Bermudan transport, had to perform their complex legal cases through Bermudan courts, had to have their entire workforce cared for by the Bermudan healthcare system (or pay them enough to go private)... (Nothing against Bermuda, picked totally at random)

robertlagrant 5y ago
It is tax competition. It's just not also labour/university/transport etc competition all lumped into one huge unwieldy choice.
- ris 5y ago
  No - you don't get to go to a supermarket and choose to pay the price listed for the cheapest bottle of wine and walk out with the most expensive bottle of wine.