I'll be particularly sad to see the Isle of Man subjugated. The Tynwald and the Manx history of independence should not be obliterated overnight in
this bullyboy manner.
In my opinion, the tax havens exist for a reason. The rich are taxed at oppressive rates... absurdly and stiflingly high. 35%, 40%, even 60% after
VAT. I'm entirely dumbfounded by how people can hold views such as those expressed by poet1b above.
The rich pay the greatest proportion of taxes, and have always done so. If they didn't hoard some away in tax havens, it would just be taken and
wasted by the government anyhow.
When people like poet1b say "we" when referring to taxpayers, it is nonsensical. The lions share of taxes are paid by the rich, and the poor only
pay a nominal amount so that they can justify their citizenship/ taking from the system.
I fully hope that the rich will continue to withhold and evade tax as far as possible. In fact, I hope they ramp up their rates of tax avoidance and
tax refusal. The quicker the rich begin to fight back, the sooner the governments of the world will have to realise that they do not have unlimited
pockets, and they cannot impose punitive taxes upon the rich.
I hope the tax havens are not intimidated. By hook or crook they need to rebuff this G20 threat, and show the world leaders that they are nothing
more, and nothing less than majority endorsed tyrants.




