And until recently - A Good Place To Stash Some Cash.
That's right, the Big Kerfuffle these days is that some wealthier folk around the world have been parking some of their excess cash off-shore.
"Big Hairy Deal", I say.
But is has already claimed the Prime Minister of Iceland and is even giving gas pains to strong-man Vlad Putin.
This is because the Left in our Societies are in great dungeon labeling this legal act as one right up there with the Crime of Treason.
Well dear Reader - it ain't, but if Bernie 'The Socialist' Sanders gets in power, along with his 90% tax rate on the rich, places like Panama will be overflowing with such funds.
Remember what happened when the Government changed in France in their last election and tried to impose a mere 75% tax on its wealthy citizens. Why those citizens were on the bus of out there to other countries and other citizenships faster than you could say Jack Rabbit.
As I have pointed out recently, nearly 50% of potential American tax payers pay no income tax whatsoever, while the top 1% pay over 35% and the top 10% pay slightly less than 70%.
But despite this, the myth continues that the top earners are not paying their fair share.
In fact, as these numbers attest - they are paying way beyond their fair share and, in so doing, are creating jobs for the rich and poor alike.
So they legally invest off-shore.
And Bully For Them.
And it has always been so - dating back hundreds of years. For instance, I recall visiting Scotland several years ago where I was told that in the early part of the last millennium, windows on the homes of the more wealthy were covered over in order to avoid paying the new-fangled window tax.
As Newton famously said, for every action, there is an equal and opposite reaction.
So what's really going on here?
Quite simply, the Entitled Elites want a piece of the action - or at least - they want to see your hard earned dollars spent on their pet idiotic projects such as Cap and Trade.
It is well worth repeating here Margaret Thatcher's wise dictum that the trouble with Socialism is that it works only until it runs out of other people's money to spend.
So the little dears are hard at it.
But not to worry, because money (wealth) has legs. Communist Countries found this to be the case when they imposed strict but ineffective barriers to money leaving their countries. In fact, these barriers were fundamental in seeing Communism disappear well before the end of the last century.
If nations today and some seem inclined to do so, try to legally restrict the movement of money out of their countries, those nations will experience the same negative results.
And by so doing, they will seriously impair their own economies for years to come.
As I see it...
'K.D. Galagher'
