| | | Quite simple. You did not pay taxes on the earnings that you are moving out of the country (not fully anyways). Until you do, that money is leased not owned. Pay your taxes and you can take them wherever you want.
Except that's completely wrong... The assumption "you did not pay taxes" is obviously wrong... as the $ in the account... had to have been taxed at least once already just to get there ?
All that scheme accomplishes, in theory, is to "allow" me to transfer the money around until its gone... All it might be expected to accomplish in reality... is to ensure everything grinds to a halt... except for those transactions conducted outside the system... so the black market is the only functional part of the economy left...
So, before I show up for work in Panama... the company fails and I get a job in the U.K., so I transfer the money from Panama to set up a new bank account in the U.K., and get taxed again ?
It also, obviously, fails to address the problem that the intermediaries ARE the problem... giving them power not only over my transfers of funds... but the collection of the state's taxes... seems a pretty bad idea, to me.
I will agree that complexity needs to be eliminated...
So, let's just limit it to a tax on the CREATION of money... and NOT create new obstacles that limit its transfers... and thus reduce the velocity of the money we do have ?
I'm just fine with reducing the velocity in the creation of new money... but reducing economic activity directly by slowing the rate of exchange seems pretty self defeating...
All is still just pounding drums and dancing around the fire... beating around the bush... in trying to avoid the primary questions... about how much we (don't) need them and how much power intermediaries should have... and "how much government" should be allowed to exist... along with which few roles it has are legitimate and which are not...
And, of course, the economy is no different than anything else... first, they create the problems... then require more "support" to enable fixing them... when what we need is for them to stop creating problems... |
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