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Once it's in a tax haven it is out of the economy, which is as good as gone. It's the difference between somebody putting their money into a savings account an
by armada651 2y ago
Once it's in a tax haven it is out of the economy, which is as good as gone.
It's the difference between somebody putting their money into a savings account and putting their money into a mattress. The money in the savings account is still being invested into the economy, the money in the mattress is functionally gone.
- tommiegannert 2y agoJust because the money is owned by an entity in a tax haven, doesn't mean they're not being invested in productive companies.
- xhkkffbf 2y agoJust because the tax money is given to a government doesn't mean it's being invested in productive activities.
- xhkkffbf 2y agoIt's in a different part of the world. That's what the headline claimed. It claimed it would be lost to the world. And you're wrong that it's as "good as gone." It's not. It's just to be spent by someone else.