Wealth doesn't trickle down – it just floods offshore, research reveals

a reply to: SheopleNation

If you take the corporate hating horse blinders off for a second, you might realize that the people who you believe represent you are owned by the Corporations because both parties are.

So when you combine the Democrats doing absolutely nothing about the mega corps you are talking about, with the fact that their only answer is to continue to raise taxes on the herds, what you end up with is exactly what we have here today.

All the more reason to real in the big players,the herds as you put it are at breaking ....and i have no illusions on what is going on....the governments have long since been bought and our representatives are no more than puppets...

a reply to: wayforward

Have you ever been to either Hong Kong or Singapore? Both are hybrid state controlled capitalism, with incredibly oppressive social laws. That's Libertarianism? No wonder you guys can't sell it outside of your clique.

Better that than it being wasted by corrupt, keynesian, central planning governments.

a reply to: AlaskanDad

They send it overseas because of the hefty taxes. Abolish the tax code which is the true problem.

The budget for current infrastructure is not even being paid for by income taxes (Alcohol, Tobacco, Gasoline Excise Taxes Cover infrastructure).

a reply to: 0zzymand0s

That wasn't until HK control went back to China...

Governments stopped doing their job of protecting their home markets when they decided to get into trade agreements that eliminated tariffs which were a good mechanism for providing such protection. Sure in some aspects it opened up the markets and made them more fluid and dynamic. But with that fluidity, so went the local jobs that paid well and any hope of having the trickle-down concept work for the people that the change in tax/regulatory structure was supposed to help. So yes, most trickled out rather than down.

So don't just thank the rich or their various players in politics, thank organizations like WTO for making this much easier to happen.

Interesting how those figures are almost an exact match for the National debt.
Minus interest, of course.

Strange that many of the so called tax havens have taxes as well however they are straight forward, no loopholes, reasonable rates and companies gladly pay them. If the US would like to see higher tax revenue, they should overhaul the tax code.

However, I suppose that is too much to ask.