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I'm curious as to what you even mean by "money goes offshore" and how does that cause it to appreciate? And of course investing is good - how could you even ar

I'm curious as to what you even mean by "money goes offshore" and how does that cause it to appreciate? And of course investing is good - how could you even argue against that? Businesses need funding. And yes, governments in fact do invest in both companies and private housing, I don't understand why you think this is some gotcha. It's just that on average governments tend to do worse at investing, so it's generally restricted to areas where the private market fails to provide.

romwell 5y ago
>how does that cause it to appreciate? Seems like you missed a step. The thing that appreciates is the financial product that this money buys. >I'm curious as to what you even mean by "money goes offshore" Buying stock in an IPO in a multinational corporation based in Taxhavenlandia would be one example.
- JackFr 5y ago
  A financial product is ultimately a claim on real assets. That is their essence. Buying stock in an IPO in a multinational corporation based in Taxhavenlandia is capitalizing a presumably enterprise which will generate a positive return. I can understand that you might be concerned about capital leaving the country rather than being invested domestically, but I'm not sure you've been advocating capital controls.
  - romwell 5y ago
    >A financial product is ultimately a claim on real assets. That is their essence. Laughs in pump and dump schemes
- ImprobableTruth 5y ago
  So you're just talking about buying stock/assets then? I don't know what other financial products you mean. >Buying stock in an IPO in a multinational corporation based in Taxhavenlandia would be one example. Even if this were the case, the only bad part would be evading taxes. To generate a profit, it still has to be an investment in a profitable venture, which increases overall economic productivity. (I also don't think there's any indication that this happens on a large scale, otherwise the stock index of any such Taxhavenlandia should show this)
  - romwell 5y ago
    >Even if this were the case, the only bad part would be evading taxes. Ah, the little things. >To generate a profit, it still has to be an investment in a profitable venture Like Twitter? Which got a tax break recently, BTW >I also don't think there's any indication that this happens on a large scale Did you try looking? https://en.wikipedia.org/wiki/Panama_Papers https://en.wikipedia.org/wiki/Panama_Papers

romwell 5y ago

>how does that cause it to appreciate? Seems like you missed a step. The thing that appreciates is the financial product that this money buys. >I'm curious as to what you even mean by "money goes offshore" Buying stock in an IPO in a multinational corporation based in Taxhavenlandia would be one example.

JackFr 5y ago
A financial product is ultimately a claim on real assets. That is their essence. Buying stock in an IPO in a multinational corporation based in Taxhavenlandia is capitalizing a presumably enterprise which will generate a positive return. I can understand that you might be concerned about capital leaving the country rather than being invested domestically, but I'm not sure you've been advocating capital controls.
- romwell 5y ago
  >A financial product is ultimately a claim on real assets. That is their essence. Laughs in pump and dump schemes
ImprobableTruth 5y ago
So you're just talking about buying stock/assets then? I don't know what other financial products you mean. >Buying stock in an IPO in a multinational corporation based in Taxhavenlandia would be one example. Even if this were the case, the only bad part would be evading taxes. To generate a profit, it still has to be an investment in a profitable venture, which increases overall economic productivity. (I also don't think there's any indication that this happens on a large scale, otherwise the stock index of any such Taxhavenlandia should show this)
- romwell 5y ago
  >Even if this were the case, the only bad part would be evading taxes. Ah, the little things. >To generate a profit, it still has to be an investment in a profitable venture Like Twitter? Which got a tax break recently, BTW >I also don't think there's any indication that this happens on a large scale Did you try looking? https://en.wikipedia.org/wiki/Panama_Papers https://en.wikipedia.org/wiki/Panama_Papers