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I don't mind people being filthy rich, but I'd rather see that they invest in their country instead of moving them off-shore. If I had such level of riches I'd
by TheChaplain 5y ago
I don't mind people being filthy rich, but I'd rather see that they invest in their country instead of moving them off-shore.
If I had such level of riches I'd invest in stocks, companies, research, properties etc.. I'm certain it would open more job opportunities.
- ur-whale 5y ago> they invest in their country Why? Their country might be a terrible place to invest in. Also: define what "their country" actually means. I think a much better take on this would be "I'd rather they invest their money in productive endeavors, that benefit society and/or humanity in general". On other words, I agree with your general sentiment (the money should be put to good use), but find the "their country" part completely weird.
- 8ytecoder 5y agoThey usually do. Even money parked in remote islands in companies end up as investment in their home countries. Except now with another layer to hide their identity and ability to dodge taxes.
- Hokusai 5y ago> I don't mind people being filthy rich You do not like that they move money offshore, and that is for a good reason, the super rich have so much resources that they can unilaterally distort the economy. The more concentrated the wealth the more fragile is the economy and the more is dependent on the mood of a few lucky people.
- helloguillecl 5y agoThe resources actually don't go anywhere. You can have deposits and investment in many countries owned by these shell companies. There are mostly used to conceal the actual owner of those assets, if nothing else.
- gremIin 5y agoWhy would they? In our global world, there is very little tying the rich to the countries they amassed their wealth in.