posted on Dec, 11 2012 @ 03:49 PM
A lot of wealth that has been earned by private companies has been offshored. It is estimated up to 21 Trillion went overseas. Of course the public
sector feels the pressure, with funds being short for public schools for example. The taxes that are lost have to come from somewhere, the middle
class, whom isnt accepted as a client in the caymans and more inflation.
Those whom benefit are the ceos, whom get handsomely rewarded and of course the stock holders, which admittedly exceed the top 1% of the country,
although if they can only invest middleclass money it is debatable weather they can buy enough stock to be able to say they come out on top of the
Is there a good side to this offshored wealth? Does this money go from the Caymans elsewhere, where it builds and bolsters economies in foreign
countries, economies that could flourish into a consumer market, which might buy goods and services offered by America and Europe and therefore in
turn drive the economy in those countries? Or is that money just gone, sitting in an foreign account?
edit on 11-12-2012 by Merinda because:
(no reason given)