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Offshored wealth is there a good side to it?

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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 whole situation.

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)

posted on Dec, 11 2012 @ 04:55 PM
It might teach a greedy government that thinks that the road to prosperity is paved with patronage dollars a lesson in efficiency.

That is to say they might just have to do their jobs and come up with real solutions to problems instead of throw money at it.

edit on 11-12-2012 by 11235813213455 because: (no reason given)

posted on Dec, 11 2012 @ 09:19 PM

Nothing good will ever comes out of such places. They are serving thieves.Those places should be closed.
This world will be a better place if those Ali Baba's Caves disappeared and turned into parking lots.

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