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>Offshore. First, what tiny fraction of US money goes offshore versus for US investment? Ridiculously tiny. The total value of US investments dwarfs any offsho
by ChrisLomont 5y ago
>Offshore.
First, what tiny fraction of US money goes offshore versus for US investment? Ridiculously tiny. The total value of US investments dwarfs any offshore boogeyman.
And, offshore isn't a dead end. It invests where it's worthwhile, which, again, is incredibly US based - look at our bond rates and market caps.
>that investing is good
What allows new companies, large and small, to form and employ? What allows small companies to make payroll during slow seasons? What allows people to get college loans, mortgages to help build wealth, people to get loans for things that allow them to create and plan? What allows farmers to farm all year and only sell in a small window?
Oh yeah, investment.
- goohle 5y agoOffshore companies are very popular in countries with unstable economy, like Russia, because oligarchs can confiscate your money at any time, so people in Russia are fighting with offshores with help of oligarchs. This is the real problem for them.