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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST
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To: Maurice Winn who wrote (117999)4/12/2016 1:42:46 AM
From: elmatador  Read Replies (1) of 217789
 
Piketty said that if a New Zealander does that what he says. own assets around the world that do things, producing economic value. If their trust has a bank account somewhere, the money is loaned to somebody else to build a house or something.

This way, income is going faster than the New Zeland GDP. (read the book)

That money is out of New Zealand, benefiting an individual who does not pay taxes in New Zealand leaving the poorer New Zealand to pay taxes. Thus that New Zealand who exported his capital must pay more taxes to equalize.
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