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There's all sorts of legitimate ways for instance there are traders who are watching companies doing mergers and acquisitions and you want to make it not so obv
by spxneo 3y ago
There's all sorts of legitimate ways for instance there are traders who are watching companies doing mergers and acquisitions and you want to make it not so obvious. There's family offices that do not want to advertise but still need to manage their wealth. Holding companies with investment portfolios in non-liquid assets, isolate and manage risks etc.
People in the comments are conflating layering with simply legit use cases like using foreign jurisdiction and shell companies for corporate/investment strategies.
- wpietri 3y agoI understand why rich people want to keep secrets from the general public. I just don't think "rich people want it" is a justification for much of anything.
- spxneo 3y agowell you need money to get people to do anything you want. if you dont agree there's few countries that might cater to your ideological needs.
- wpietri 3y agoI'm fine with people having money. Commerce is pretty great. I just don't think having money should equate to political power. There's a reason the US fought a war to get rid of the English "nobility".