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(Guardian)   New study shows that the rich are hiding between $21-32 trillion in offshore tax havens around the world. A sum greater than the entire US economy and enough to bail out all of the EU and put Africa on its feet   (guardian.co.uk) divider line 44
    More: Asinine, tax havens  
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3864 clicks; posted to Politics » on 22 Jul 2012 at 2:47 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Funniest)
View Voting Results: Smartest and Funniest


Archived thread
2012-07-22 12:04:05 AM
6 votes:
Well, I'm sure they worked harder than the rest of us so they deserve that money, right?
2012-07-22 03:40:42 AM
4 votes:
Who is money is it, Obama's?
2012-07-22 09:05:48 AM
3 votes:
mark rathburn:

i52.tinypic.com


And you were off to such a great start.
2012-07-22 06:20:12 AM
3 votes:

USP .45: If you're not allowed to move yourself, or labor or property out of your own country, then you live under totalitarianism. It couldn't be more clear what political affiliation is against this.



So you want to live under a government, but not actually pay for it? Are you from Greece?
2012-07-22 03:25:02 AM
3 votes:
Chariset
So the Invisible Hand is squarely in the Invisible Pocket.

The Invisible Hand is busy distributing Invisible UFIAs.
2012-07-22 01:16:18 AM
3 votes:
So the Invisible Hand is squarely in the Invisible Pocket.
2012-07-22 12:00:26 AM
3 votes:
This is my surprised face.
2.bp.blogspot.com

Like I always said, it's a load of bull that we don't have the resources to go around. We just don't like to share because human beings are childish little shiats.
2012-07-22 12:04:04 PM
2 votes:

mark rathburn: Gotta go to a barbeque- let me know when the Democrats get around to re-writing the tax code so that John Kerry is paying his 'fair share' LOL



Aren't you supposed to be going to the gym first?
2012-07-22 09:29:30 AM
2 votes:
mark rathburn is either an alt of skinnyhead, or they had the same, butterfingered obstetrician.
2012-07-22 07:35:19 AM
2 votes:
So this thread is basically just a weirdo ranting about taxing midgets?
2012-07-22 06:48:15 AM
2 votes:
If the same amount of time and effort were put into stemming the waste, fraud and abuse of the tax money now being collected, there would be plenty of cash to go around.
That requires hard work and people being held accountable though,
sooo lets just raise more taxes because that's easy and no one gets hurt but the rich.
You just have to admire the simplicity of the liberal mind.
2012-07-22 03:51:54 AM
2 votes:

Noam Chimpsky: Who's money is it, Obama's?


img41.imageshack.us

It's Uncle Frank's money, and Uncle Frank says get your ass to bed.
2012-07-22 03:33:58 AM
2 votes:

Tor_Eckman: 404 page not found: proteus_b: while of course they should be paying taxes on it like the rest of the 49-99 percentiles, isn't the implication of the headline, that it could ALL be "redistributed" a little bit unnerving?

Class Warfare™

Right. According to this article, that's over already. We lost.


ABORTION! HOMOSEX! MEXICANS! WAR ON CHRISTMAS! GROUND ZERO MOSQUE! SOCIALISM! DRILL BABBY DRILL! TAXED ENOUGH ALREADY! OBAMACARE! goddamn i sound tired.
2012-07-22 12:09:49 AM
2 votes:
It's too bad that greed doesn't cause ass cancer.
2012-07-22 12:06:02 AM
2 votes:
It'll trickle down. Like any day now.
2012-07-22 09:49:57 PM
1 votes:

Stile4aly:

A tax holiday was granted for repatriation of foreign held profits during the Bush years with the promise that once the money was brought back into the US it could be used to create jobs. It turned out to be BS as the companies that participated instead used the funds to repurchase stock, pay dividends, and pay corporate bonuses and then continue to invest overseas..



^THIS^
, a fact most conveniently forgotten by the anti-tax DERPsquad.
And these idiots want to give corporations a second chance to fark this country out of billions of dollars they owe?
/Fool me once...
2012-07-22 07:14:36 PM
1 votes:

Ishkur: jigger: If it's in a bank (or more realistically in market accounts of one sort or another) it's not "just sitting there." It's not like they have dollar bills stashed in their mattresses. That money gets invested in order to provide a return. The money is being used in the economy.

Technically, no. Most of the money is just being recirculated into capital investments, speculative markets, stocks, bonds and other financial portfolios that guarantee a meaningful return. It mostly exists only on paper, it is purely financial so it depends on nothing concrete or productive, it gets shuffled around from account to account (the CEOs sit on each others Boards), and rarely any of it actually leaves the confines of the 1%. It does not get into general circulation, it does not get used in the economy, and it does not find its way to main street. It's just a swirling money vortex that spirals infinitely upward, out of reach of the general health and well-being of society.

And it's getting larger.


False, in every aspect. This could only be true if the ultra rich needed to borrow from the utlra rich to do nothing.

Idiocy. God damn you people.
2012-07-22 04:52:43 PM
1 votes:

starsrift: mark rathburn: When the president comes out and demonizes you because you're rich, when he tells you flat out he's coming after your money because the government deserves it more than you do, and knows how to spend it more wisely, when he has shown from his record that his intent is to take your wealth and redistribute it to his union cronies and campaign contributors, and when he pours massive amounts of wealth down a black hole without any idea of what he is doing, of course people will try to hide their money from him
.

Federal Tax code is set by?
A) The President
B) Congress


C) Lobbyists working for really rich people.

FTFY
2012-07-22 04:04:07 PM
1 votes:

Delay: Wow, I have such an erect Boehner right now. Is there a GOP M on M dating site?


Here.
2012-07-22 01:29:05 PM
1 votes:

Spare Me: Do a one time "repatriation" tax break and watch most of that money pour back into the United States economy.


1.bp.blogspot.com
Tried that one beginning of the second term, and the economy has been nothing but awesome since. Oh, wait...
2012-07-22 12:44:24 PM
1 votes:

SevenizGud: Soooo, successful people should give their money away to losers, because....?


Losers need money? It's your thing, man. I'm just trying to make sense of it.
2012-07-22 12:09:26 PM
1 votes:

mark rathburn: Gotta go to a barbeque


And that's how you chase a troll out of the thread, people.

Simply ask him questions.
2012-07-22 12:07:18 PM
1 votes:

intelligent comment below: mark rathburn: Gotta go to a barbeque- let me know when the Democrats get around to re-writing the tax code so that John Kerry is paying his 'fair share' LOL


Aren't you supposed to be going to the gym first?


Barbecue indulges him, it never asks questions. Barbecue only loves unconditionally, you heartless bastard.
2012-07-22 11:54:37 AM
1 votes:

intelligent comment below: Confiscate and control, sounds like the impulse in the super rich to think they are entitled to tax free gains and everyone who dares question them is just envious


Only progressive socialist totalitarian Nazis believe in the "social contract."
2012-07-22 11:37:17 AM
1 votes:
fudiculous.com
2012-07-22 09:23:16 AM
1 votes:

AurizenDarkstar: mark rathburn:

What part do you disagree with - that progressives have killed millions last century? That Obama has rewarded his union cronies with tax money? That a large portion of Farkers write about their violent fantasies against the rich? Or that people don't like to pay taxes?

Really? So you're saying that things done by progressives in this country have directly attributed to the deaths of AurizenDarkstar: mark rathburn:

What part do you disagree with - that progressives have killed millions last century? That Obama has rewarded his union cronies with tax money? That a large portion of Farkers write about their violent fantasies against the rich? Or that people don't like to pay taxes?

Really? So you're saying that things done by progressives in this country have directly attributed to the deaths of millions? I'm sure you have more evidence than your fevered imagination, right? Or are you somehow equating authoritarians around the world as being your evil 'progressives'? I'm sure in your addled mind, you equate authoritarian governments (like the former Soviet Union) as being composed of your imaginary 'progressives', right?

If so, you may want to start actually reading up on governmental theory and how each form of governing is not like the other, no matter what the right wing noise machine tells you.

millions? I'm sure you have more evidence than your fevered imagination, right? Or are you somehow equating authoritarians around the world as being your evil 'progressives'? I'm sure in your addled mind, you equate authoritarian governments (like the former Soviet Union) as being composed of your imaginary 'progressives', right?

If so, you may want to start actually reading up on governmental theory and how each form of governing is not like the other, no matter what the right wing noise machine tells you.


No, I am saying the progressive ideology was behind the worst atrocities of the last century - see China, The Soviet Union, Korea and Cambodia. And that many Farkers seem to want to bring back those halcyon days.
2012-07-22 09:10:10 AM
1 votes:
the figures from Singapore take the wind of the argument that "lowering tax rates would reduce abuse of the tax system"

Singapore's taxes are just 20% at the top bracket for income, 17% for corporates. these rates are not effective, but before deductions.

the cash sitting offshore is $196 billion, or 80% of GDP.

it does help the argument that the super-rich are assholes though.
2012-07-22 07:51:17 AM
1 votes:

Foxxinnia: So what I'm hearing is that every rich person is just like Scrooge McDuck.


Haha, of course not. Scrooge McDuck was honest, hard working, and hated cheats.

Plus he didn't hide his money. It was all right there in three cubic acres of gold coins in his Money Bin.
2012-07-22 07:48:20 AM
1 votes:

USP .45: Halli: So this thread is basically just a weirdo ranting about taxing midgets?

yeah you'd think someone could give me a really compelling reason not to by this point.


No your logic is airtight. You should tell Grover about it.
2012-07-22 06:46:19 AM
1 votes:

intelligent comment below: USP .45: I'll pay what everyone else has to pay. Equal protection under the law, right libs? Right?


So you're just here to distract from the problems raised in the article and troll useless soundbites.


He seems to be a little out of practice. He is one of the old righty trolls that have popped up here recently after having been pretty much dormant for the last few years.

It's an odd phenomenon.
2012-07-22 06:46:13 AM
1 votes:

USP .45: We should tax midgets at a higher rate. They consume less food, wear smaller clothes, not need large cars our houses; their dollar effectively goes farther than mine. It would be regressive to not levy more taxes against them.

Tax the midgets.


Okay, I was joking before, but you really do sound tired. Like, even the shiat you're making up is weak. It's Sunday morning, the only reason I'm up is because I forgot to turn off my alarm, there's no reason you should be white knighting the richest of the rich, especially in such a haphazard manner.

intelligent comment below: So you're just here to distract from the problems raised in the article and troll useless soundbites.


It's really interesting. If it's true, about a third of the world's GDP is basically sitting in a tupperware, being sat on by people who don't care to do anything with it besides shuffle it around nameless accounts. I mean, moreso than we previously thought based on our current way of banking and investing.
2012-07-22 06:42:00 AM
1 votes:

USP .45: I'll pay what everyone else has to pay. Equal protection under the law, right libs? Right?



So you're just here to distract from the problems raised in the article and troll useless soundbites.
2012-07-22 06:11:53 AM
1 votes:

starsrift: Randomjsa, think a moment. Bailing a country, or group of them, is not "kicking the can down the road". The actual problem with the European countries - and the USA too, to a lesser extent - is that out of every dollar of money spent on anything, so much of it is soaked up by interest on the national debts.


Yes it is, because no amount of taxation is going to fix this problem. The problem is that too much money is being spent on unsustainable things. As nice as it might be to pay everyone a high salary with lavish benefits so they can retire and have a pension that lasts 20-40 more years and still have the lavish benefits.

That's not going to work. Running around going 'If we just taxed more money we could do this!' is kicking the can down the road. You're setting up a system that cannot maintain itself and taxes aren't going to change that.

If we had taxed 100% of the income on everyone in the US making 10 million or more for an entire year, I mean every dime of income they had... That would be 250 billion dollars in added taxes. Not even enough to pay for 1/3 of Obama's stimulus package much less his health care bill. Remind me again what the problem is, too much spending, or not enough taxes?

Eliminate the national debt of a country or group of them, and suddenly that very same amount of income they regularly recieve goes a lot further. The problem with EU, and again, to a lesser extent America, at the moment, is that they can't just be efficient, or "balanced" for tax income/spending, they have to be efficient to a degree of an additional 50% beyond dollar for dollar value. When, as Sen. Rubio recently said, you're not spending 40 cents of every dollar on the interest to the national debt, that's 40 cents of every dollar that can ACTUALLY be spent on things - whether that's social spending or military spending, whatever.

You can eliminate debt by getting rid of the problem creating the debt. You will not get rid of it by taxing more because you can't raise taxes high enough to cover all the costs. The problem is that we're spending too much money and running around sucking up even more money from the private sector isn't going to provide a long term solution. It's going to eventually screw over everyone.
2012-07-22 05:38:15 AM
1 votes:
Does this mean we can finally put that tired "raising taxes on the rich won't fix the whole problem so we should just keep cutting the top tax rate" argument to bed? Or are we still running with the whole "Because SOCIALUISMSZ!1!!!11" think.

/Never mind, looks like Randomjsa already answered my question in his own derptastic way.
2012-07-22 05:09:38 AM
1 votes:

Curse of the Goth Kids: Noam Chimpsky: Who's money is it, Obama's?

[img41.imageshack.us image 674x674]

It's Uncle Frank's money, and Uncle Frank says get your ass to bed.


holyshiatwinrightthere
2012-07-22 04:39:50 AM
1 votes:
So basically we're going to go with the usual clap trap...

You don't deserve your money because you didn't earn it yourself anyway. It should be taken by wiser, smart, better people than you in the government who clearly know better how to use your money than you do.

Enough to bail out Europe? Kicking the can down the road because you don't want to admit the problem is only going to delay the problem and after you've tried taxing your way out of problems... and it fails... and it WILL fail because logic says it will... What will you do next? Cry some more about how surely if we just taxed more...!

You're also not going to help Africa by pouring money or food aid in to it. If that's all it took to solve the problems there it would be thriving by now and all it does it get worse. I'm not saying they shouldn't be helped, but I am saying that unless you come up with some radically new method of helping them... It's not going to change a thing no matter how much money you spend.

But yes, keep sitting around screaming how it's not your little liberal pet policies that created the problems and find a scape goat in the rich, just blame them because admitting you're wrong is hard.
2012-07-22 03:48:59 AM
1 votes:
Who is Obama? Is it money?
2012-07-22 03:18:09 AM
1 votes:
Don't trickle down my back and tell me you're making it rain.
2012-07-22 02:55:48 AM
1 votes:

proteus_b: while of course they should be paying taxes on it like the rest of the 49-99 percentiles, isn't the implication of the headline, that it could ALL be "redistributed" a little bit unnerving?


Class Warfare™
2012-07-22 12:59:45 AM
1 votes:

bojon: No Econ 101 >C students here.


I can only assume you are talking about yourself. It looks like you may not have done too well in English either.
2012-07-22 12:25:48 AM
1 votes:

omnibus_necanda_sunt: Bring back proscription and the officium dictatoris. Six months is all we need.

This is unbelievable.


Well I for one can't think of any time where this idea backfired.
2012-07-22 12:08:20 AM
1 votes:
Whoa whoa whoa, I thought the Chinese were putting the African continent back on its feet.
2012-07-22 12:04:51 AM
1 votes:
...and people would like to discuss the jobs created by this?

Go ahead. Explain why we need MOAR tax breaks for these folks, please. You have the floor...
2012-07-22 12:02:10 AM
1 votes:
And??? People are money grubbing scumbags. Next...
 
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