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gizi | 10 years ago
They are not after the 1%, never have, and never will. They are after you and me, my friend. So, gear up for a good fight, because I am giving them zilch. I'd rather flush my money down the toilet.
> So your argument for not redistributing some percentage of the wealth of billionaires is that they're petty assholes who will take their ball and go home?
Yes, and that is why the factories have been rebuilt in China over the last 25 years. It is not going to get any better in the future. I don't know what they will be doing next, but it will certainly not include "redistributing some percentage of their wealth". Why would they? But then again, who cares? I don't want their money. I have my own.
In order to outsmart them, you will have to be smarter, but if you could, you would be one of them. ;-)
nmrm2|10 years ago
Oh right. Those bastards trying to close corporate tax loopholes are totally doing so because they hate me and all the money I'm not saving due to those loopholes...
> Yes
> In order to outsmart them, you will have to be smarter
NO! It's really not that damn complicated. And there are even plenty of extant policy proposals for eliminating or greatly reducing tax avoidance schemes.
Public policy, most of the time, isn't rocket science. See e.g. https://www.oecd.org/ctp/BEPSActionPlan.pdf
There's a difference between globalization of unskilled labor, globalization of skilled labor, and tax avoidance. The first and second are, to varying extent, unavoidable and probably net beneficial to the bulk of humanity. The last is not unavoidable and is also decidedly unbeneficial for most of humanity.
(There's also a difference between off-shoring for the purpose of true cost reduction nand off-shoring for the purpsoe of tax avoidance. The former is far more common than the latter, although a decent amount of FDI is about tax/tariff avoidance.)
> but if you could, you would be one of them
Of course I would. But I'm not delusional and wasn't born into either connections or cash. So I do what I can to boost my odds, but I also cooperate whenever the opportunity arises.
And, if I ever do "make it", I'm sure as hell not going to become one of those "got mine, fuck you" types.