A report from the Guardian that rich people are holding $32Trillion in offshore tax havens.
http://www.guardian.co.uk/busi...
Response from the liberals, let's tax that money.
Better response: let's get that money back and invested in the USA. Why are these rich people parking their money in corrupt economies like China and Russia? is it because the USA has the heaviest corporate taxes among developed nations and is threatening to get worse under Obama II?
Imagine what the US economy would look like with an additional $30 Trillion invested in our productive companies. How about 3% unemployment? We would be so much better off even if we collected 0% taxes from that money. |
