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September, 2024

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The super rich hiding up to $32 trillion offshore

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ski4fun420
Posts: 902 - Karma: 842
Read it your self:
http://www.aljazeera.com//news/europe/2012/07/2012722145418435676.html

Jul 22 2012 10:41PM
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ihitchadsgap
Posts: 472 - Karma: 55
well thats a fat load of shit.
Jul 22 2012 10:45PM
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B-runge
Posts: 16558 - Karma: 361
didnt read it but this
Jul 22 2012 10:46PM
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Parks.
Posts: 5612 - Karma: 1,093
Calin bs
Jul 22 2012 10:47PM
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ski4fun420
Posts: 902 - Karma: 842
It is on Reddit.com front page

Jul 22 2012 10:48PM
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fujarome
Posts: 8630 - Karma: 1,561
I forgot about that account. Thought it only had like 9 trillion in it though.
Jul 22 2012 10:48PM
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turducken
Posts: 749 - Karma: 601
And our GDP is just over 15 trillion....
Jul 22 2012 10:56PM
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Amadeus.
Posts: 3050 - Karma: 382
Idk why everyone is dismissing this article because it was written by aljazeera. aljazeera is an extremely respectable and credible news organization and a lot of different people are reporting on this.

If reuters is writing about it its real.

http://www.huffingtonpost.com/2012/07/22/super-rich-offshore-havens_n_1692608.html
Jul 22 2012 10:58PM
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Dustin.
Posts: 13839 - Karma: 7,704
Seriously, those comments are highlighting some serious ignorance/prejudice.
Jul 22 2012 11:00PM
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oil.
Posts: 2255 - Karma: 1,254
280 billion is chump change compared to the us' national debt. that money would probably be spent on something stupid anyway.
in a true free market capitalist nation this wouldn't matter, because people could keep their money wherever they pleased.
Jul 22 2012 11:03PM
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Dustin.
Posts: 13839 - Karma: 7,704
Actually, I didn't say any of that.

Kid.
Jul 22 2012 11:06PM
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Dinner420
Posts: 105 - Karma: 61
There are plenty of other news sources talking about it too so I'm thinking it may be true. If it is that is shocking and fucked up. Why the hell are these people worried about their money and paying taxes if I had that much money I would be giving it back to society or try to help form jobs with it. Some people don't deserve any of the money they make.

Yahoo has the same story

http://news.yahoo.com/super-rich-hold-32-trillion-offshore-havens-090225488--sector.html

Along with the BBC

http://www.bbc.co.uk/news/business-18944097
Jul 22 2012 11:08PM
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Mr.LemonPie
Posts: 4100 - Karma: 1,625
Still not convinced of the legitimacy, not of the reporting, but of the study. I find it hard to believe that double the US GDP is in offshore accounts from the wealthy people of the world, in the article it said that most of the money/assets off shore were from 100,000 people so we'll take 20 trillion...so 20,000,000,000,000/100,000 is 200,000,000. I doubt that many people have more than 200 million dollars total, let alone in offshore accounts.
Jul 22 2012 11:10PM
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iRapeKittens
Posts: 416 - Karma: 46
Still wondering how so many people think taxes should be legal in the first place.
Jul 22 2012 11:17PM
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Dustin.
Posts: 13839 - Karma: 7,704
I don't know, I could believe that if assets are part of the equation and not simply cash.
Jul 22 2012 11:20PM
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iRapeKittens
Posts: 416 - Karma: 46
How in the fuck do you justify forcibly taking peoples property?
Jul 22 2012 11:26PM
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Mr.LemonPie
Posts: 4100 - Karma: 1,625
I need roads, police, fire protection, a military, schools, health care, people to clean up the streets, public parks, government subsidized food/farming...The reasons go on, and on, and on...
Jul 22 2012 11:29PM
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gotti
Posts: 4269 - Karma: 4,550
So you propose anarchy and selfish greed as our form of government? Think about it. taxes are very justified to help society function smoothly and as a group effort.
Jul 22 2012 11:31PM
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Brock.
Posts: 5698 - Karma: 1,332
What else is new?


Also, not surprised at all by the Aljazeera bashers. Someone please tell me why it should not be credited as a truthful and respectable news source? Is it because it has Arabic in it's logo? Give me an answer. 
Jul 22 2012 11:35PM
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Nadia.
Posts: 1124 - Karma: 1,104
I prefer Aljazeera or the BBC to the super biased, sensationalistic propaganda BS that most American news networks put out.

What he said, Aljazeera is an extremely credible news source. Leave it to an american to claim that they're a terrorist organisation or news network solely based on their name. Ignorant much? Not that surprised.
Jul 22 2012 11:49PM
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Amadeus.
Posts: 3050 - Karma: 382
just how any new organization does. They gain a reputation by being staffed by good journalist, providing objective, factual stories, and just running a tight ship.
Jul 22 2012 11:50PM
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Brock.
Posts: 5698 - Karma: 1,332
Either you are trolling, or...

no, you're trolling.
Jul 22 2012 11:59PM
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iRapeKittens
Posts: 416 - Karma: 46
So you think its just to take people's money by force? You don't think that is stealing?
Jul 23 2012 12:01AM
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turducken
Posts: 749 - Karma: 601
Just please be honest, you're trolling right?
Jul 23 2012 12:11AM
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Amadeus.
Posts: 3050 - Karma: 382
did you even think about this? its a simple social contract, you live in a society and benefit from its roads, water, protection, justice system, fire department blah blah blah you have to pay for it. You can't just freeload off the government. If you really don't want to pay taxes then you can go out in to the woods and live in a tent.
Jul 23 2012 12:15AM
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XtRemE11
Posts: 5680 - Karma: 246
good for them, they found a loophole to save money and they used it, id do the same. the super rich are taxed up the fucking butt hole so i definitely dont blame them.
Jul 23 2012 12:15AM
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shibby
Posts: 7088 - Karma: -19
haha wtf al jazeera is pretty much the most legit news organisation there is.

^just think for a second of all the things you have that were directly funded by taxes and stfu with that stealing bullshit, it's called a social contract if you're that opposed to it you can freely move (vote with your feet).
Jul 23 2012 12:17AM
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B-WASS
Posts: 805 - Karma: 285
yes...
Jul 23 2012 12:18AM
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skijunkiedtm
Posts: 9229 - Karma: 61
How did the rich ever get the poor to feel sorry for them and advocate for them haha our society is doomed.

fuck those towel heads and their statistics amiright?
Jul 23 2012 12:24AM
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iRapeKittens
Posts: 416 - Karma: 46
No social contract exists. The social contract that statists always talk about is unilateral and requires only one side of the contract to agree to it. The contract implies consent and needs no explicit consent and may change at any time without notice. The social contract is also enforced with violence by the party that initiated the contract .
Jul 23 2012 12:33AM
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cubber
Posts: 1933 - Karma: 638
Who gives a shit where they keep their money? They made financial decisions with bigger numbers then I use, oh good heavens no! If they want to avoid taxes that they deem unfair, and can do so legally, good for them, none of my business. Or wait is this thread about aljazeera/Arabic news authenticity...? I don't even know how many humps a camel has.
Jul 23 2012 12:34AM
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Tex.
Posts: 1106 - Karma: 124
dude we're talking about offshore accounts... there's countless internet millionaires, drug lords, war lords... shit, all sorts of black market things i'm sure. i dont think its that staggering a statistic
Jul 23 2012 12:35AM
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hundreds
Posts: 775 - Karma: 341
you do not have to live in the u.s.
Jul 23 2012 12:36AM
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Amadeus.
Posts: 3050 - Karma: 382
seriously. i read that like what? the rich pay too much in taxes?!
Jul 23 2012 12:37AM
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Brock.
Posts: 5698 - Karma: 1,332
Nobody is taking your money by force. In an ideal world, all taxes paid are taxes paid willfully.

As an American citizen, and member of civil society, you have complete control over how much money you want to give back to the community, where your money is being spent, and what you want to spend it on.

You decide all of this by voting. If you don't want to pay taxes, then vote for a candidate that has a very low tax rate, or no taxes at all. If you want to help the overall wealth of your country to grow, and you want living standards to be comfortable for as many people as possible, work very hard and give a lot of money to your government. Taxes are an investment.

If you are absolutely disgusted by taxes, then pack your bags and move to Greece, where it is optional for every citizen. I heard it's really nice this time of year!



Jul 23 2012 12:43AM
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cubber
Posts: 1933 - Karma: 638
Mobile won't let me quote, so @skijunkitdtm: I'd say its the poor who want the rich people taxed more to pay for their welfare and foodstamps and such.... The middle class/ those doing fine on their own can relate to paying taxes, and larger percentages seem unfair then. Is my take. Seem like a legitimate statement? I can relate to being mad about people wanting my money, and making rules so they can have more of it!
Jul 23 2012 12:52AM
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Brock.
Posts: 5698 - Karma: 1,332
So you are disillusioned and faithless of all institutions?

Nice, I like that. Very spirited. Unfortunately you have no chance of enjoying life in civil society, so I suggest starting a life of nomadic solemnity in order to preserve your sanity. 


Jul 23 2012 12:59AM
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BlackCupid
Posts: 1533 - Karma: 9
How can you talk about the credibility of certain news sites and then cite the Huffington Post? I am thoroughly confused.

Nonetheless, I don't understand how this is happening. The US government cant tax wealth anyway so simply having money in offshore accounts wouldn't be avoiding taxes.
Jul 23 2012 1:11AM
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skijunkiedtm
Posts: 9229 - Karma: 61
The middle class isn't doing fine, the wealth gap is astronomical and only growing. The tea party was funded by billionaires.

Click for larger image
Jul 23 2012 1:21AM
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Brock.
Posts: 5698 - Karma: 1,332
perfect.
Jul 23 2012 1:31AM
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Dinner420
Posts: 105 - Karma: 61
Exactly, I hate people who say, "We as Americans shouldn't need to pay taxes." its like hold on a minute there how the fuck is our country supposed to function and get close to balancing the budget when we are already in a trade deficit. I think that it is a citizens duty to pay taxes. Living in a nice country comes with a price. It isn't free. If you want to end up like Greece don't pay taxes. 
Jul 23 2012 1:39AM
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Willgum
Posts: 3254 - Karma: 3,066
I... I just... cant even begin. You're hopeless. Most people protest high taxes, you're protesting the core idea of taxes. If you want a running society, you need taxes. Maybe right now we're getting taxed too much, sure maybe, but they are necessary.
Jul 23 2012 1:46AM
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icon1234
Posts: 3081 - Karma: 1,475
He doesn't believe in infrastructure, he is hopeless.
Jul 23 2012 2:01AM
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Nadia.
Posts: 1124 - Karma: 1,104
Hahaha, because paved roads are so overrated right?
Jul 23 2012 2:22AM
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Amadeus.
Posts: 3050 - Karma: 382
Avoiding the subject of the huffington post, if you took the time and clicked the link you would of seen the big words REUTERS in front of it. derp.
Jul 23 2012 3:05AM
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Seany.n
Posts: 459 - Karma: 467
Wanna know how i know you're 12?
Jul 23 2012 10:19AM
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ColinB
Posts: 1452 - Karma: 2,236
the middle class is most certainly NOT doing fine.take a drive through neighborhoods that are truly middle class, not the upper-middle class neighborhoods you're thinking of, and you'll see what I'm saying.
Jul 23 2012 10:47AM
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ski4fun420
Posts: 902 - Karma: 842
CNBC thread from 3 hours ago: http://finance.yahoo.com/news/wealthy-stash-21-trillion-pirate-160830668.html
Jul 23 2012 4:06PM
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belden...
Posts: 2914 - Karma: 1,274
Hahaha

"Yeah I just spent a good portion of my like working and earning money, now since I have more than the average person I'm just gonna give it all back!"....

This shouldn't be that shocking (other than the fact that it's so much) rich people don't want to have to give back 70 cents on every dollar they earn.
Jul 23 2012 4:56PM
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theabortionator
Posts: 51496 - Karma: 160,749
not even clicking the link
Jul 23 2012 4:59PM
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TheClap.
Posts: 21660 - Karma: 4,105
D U R K A
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K.....T
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Jul 23 2012 5:01PM
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