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Then we'd better make sure as many as possible get hold of absolute advantages and offshore capital (but isn't all capital pretty much offshore when capital flows freely?).

Ultimately everyone will be in misery except of a few capitalists with their tax residence in offshore tax havens (in Spain we call them "fiscal paradises" ;-) Or we will get a World Economic Government charged with global redistribution, or Free Trade™ will end.

Bush is a symptom, not the disease.

by Carrie (migeru at eurotrib dot com) on Sun May 13th, 2007 at 11:26:38 AM EST
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We call them 'tax paradises', or skatteparadis, and we have allegedly just become one. ;)

And things need not play out like that at all. We tax the rich, maintain reasonable equality, and if they move to tax havens we invade and occupy them. And then we shoot them to send a clear message that not paying your taxes is a crime. Or even worse, as Talleyrand would have said,  a blunder.


Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Sun May 13th, 2007 at 12:03:41 PM EST
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Good luck taxing the rich, if you're already a tax paradise.

Bush is a symptom, not the disease.
by Carrie (migeru at eurotrib dot com) on Sun May 13th, 2007 at 12:10:39 PM EST
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Well, everything is relative. Capital taxes here are still sky-high, compared to notorius capital tax-paradises like France.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Sun May 13th, 2007 at 12:18:32 PM EST
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