Quantum Windbag
Gold Member
- May 9, 2010
- 58,308
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Why are the rich wiling to pay a Swiss bank interest to hide their money?Here is the problem Baruch; the rich are investing their money overseas, not in the US. They are not investing in businesses that will lead to the creation of all kinds of new jobs. American companies are already sitting on over $2 trillion in cash that they will not invest because they realize nobody is buying. Until people start buying, the economy is going nowhere. And guess whom it is that must start buying? Yea, the vast majority of Americans, most of which happen to no longer earn enough to afford fucking groceries. So cutting taxes even more for those who already have more than they know what to do with is going to do exactly what it has done for the last ten years, nothing at all except take more money out of the economy. Simply put, your plan sucks.
The rich are not investing their money overseas. Even if they are, they still pay taxes on any money they make overseas so I don't understand why anyone thinks this is an issue. The rest of your post makes even less sense. Exactly how will raising taxes on the rich induce people to start buying, if we actually assume that the problem is that no one is buying. Considering that many retailers are reporting positive trends in sales I just don't see a lack of demand as being the driving force behind your imaginary hoarding of cash by businesses.
You should learn about current law before you interject yourself into a conversation. US law forces all banks to report any deposits by Americans. This was accomplished by the war on drugs and the war on terror. Why do you think Obama supports the PATRIOT ACT now that he knows what it really does?