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The money not being taxed, due to tax havens, would not be being spent more efficiently if it had been taxed. All the inefficiencies you refer to would be manif
by CryptoPunk 5y ago
The money not being taxed, due to tax havens, would not be being spent more efficiently if it had been taxed. All the inefficiencies you refer to would be manifested as a result of the income that taxation would provide to the public sector.
- ClumsyPilot 5y agoThe efficiency of 'investment' pf the money sitting in tax heavens is 0%. You can't be less efficient
- CryptoPunk 5y agoNo, the money in tax havens is invested back into the real economy via offshore corporations that operate and invest throughout the world. I recommend you study up on how investment finance works, and stop assuming that any characterization of the world that helps to protect rich people's profits is a lie to hoodwink the masses. That's a common reaction, and leads to erronous beliefs about the world. Wealth accumulation in the market is not zero-sum. https://digest.bps.org.uk/2017/08/04/we-have-an-ingrained-anti-profit-bias-that-blinds-us-to-the-social-benefits-of-free-markets/ https://digest.bps.org.uk/2017/08/04/we-have-an-ingrained-an...