wow, just wow.
you and NLXSK1 should just spare yourselves the indignity and embarrassment.
They might not know what they are talking about, but I do.
The comments are in reference to why is vast amounts of wealth being stored in offshore banks. The answer, to escape taxation here in the USA.
The result, millions or billions dollars worth of potentially working capital is being kept out of the American economy.
Good, bad, or indifferent, rich folks will do all they can to avoid taxation, just like anyone else (I notice how Buck said he would hire veterans to reduce his tax burden in another thread, same concept, different magnitudes.)
Why don't they bring this money home? Because when they do, nearly 40% is going to be taken as income tax, then when they invest it, IF it makes any money, a further 15% of that is going to be taken. They have an incentive to keep it overseas.
What to do?
FairTax.
If they could bring this money home, they would, and they would if they could escape losing half of it shortly after it gets here.
You might whine, waaa waaa they will just buy a big ass boat, or a fancy car, or invest it and make more money. Ok, great, I hope they do.
Do you not realize that when a wealthy man buys a yacht that a middle class salesman gets a nice commission check? And a slightly more well off yacht dealer makes more money, maybe hires another salesman because sales are up.
Oh wait, there is more! Somewhere, that yacht has to be produced, many are right here in the United States. So factory workers are given jobs by the evil rich man who just is greedy and buys something he doesn't need.
(Edit - then someone has to hire a truck driver to haul the boat to the lake or marina where the evil rich man plans to dock it. There a marina owned by someone makes money, and hires someone to preform services of the yacht. It is a chain that [wait for it] trickles down all over the place. Who'd of thunk it... A rich man buying something helps keep untold numbers of people working.)
Rich people buying shit they dont need is what gives a great many Americans a source of income.
Even if its just a rich man hiring someone to dust his Picasso.
Hatred for the rich is cutting off your nose to spite your face.