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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (26489)	9/5/2012 10:18:06 PM
From: average joe	2 Recommendations Read Replies (1) \| Respond to of 85487

That offshore money will never filter back as long as kleptomaniacs are at the helm preaching that money is the root of all evil.

To: Wharf Rat who wrote (26489)	9/5/2012 10:19:42 PM
From: TimF	1 Recommendation Respond to of 85487

No; those accounts belong to the non-productive. They mostly belong to the wealthy, who mostly got that way by producing wealth, usually more for others than for themselves. It is true that with the rise of government more wealth is achieved through rent-seeking, but still only a minority of the wealthy got wealthy that way. Most of their money isn't parked in off-shore accounts, not that there is anything wrong with saving money in a different country.

To: Wharf Rat who wrote (26489)	9/5/2012 10:39:05 PM
From: average joe	1 Recommendation Respond to of 85487

No; those accounts belong to the non-productive. The most non-productive of the non-productive are those that got that way by way of government graft, entitlements and benefits like the aristocrats of olden times. "When you see that trading is done, not by consent, but by compulsion - when you see that in order to produce, you need to obtain permission from men who produce nothing - when you see that money is flowing to those who deal, not in goods, but in favors - when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you - when you see corruption being rewarded and honesty becoming a self-sacrifice - you may know that your society is doomed." AR