Quantum Windbag
Gold Member
- May 9, 2010
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I have to admit I never thought about this, but he makes some good points.
Are Tax Havens Moral or Immoral? « International Liberty
[ame=http://www.youtube.com/watch?v=Xf14lkyH2dM]The Moral Case for Tax Havens - YouTube[/ame]
Actually, there are lots of people who have very compelling reasons to keep their money in havens, and only a tiny minority of them are escaping onerous tax burdens.What about: o Jews in North Africa and the Middle East?
o Persecuted ethnic Chinese in Indonesia and the Philippines?
o Political dissidents in places such as Russia and Venezuela?
o Entrepreneurs in thug regimes such as Venezuela and Zimbabwe?
o Families threatened by kidnapping failed states such as Mexico?
o Homosexuals in murderous regimes such as Iran?
As this video explains, there are billions of people around the world that are subject to state-sanctioned (or at least state-permitted) religious, ethnic, racial, political, sexual, and economic persecution. These people are especially likely to be targeted if they have any money, so the ability to invest their assets offshore and keep that information hidden from venal governments can, in some cases, be a life-or-death matter.
Are Tax Havens Moral or Immoral? « International Liberty
[ame=http://www.youtube.com/watch?v=Xf14lkyH2dM]The Moral Case for Tax Havens - YouTube[/ame]