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by rjzzleep 3224 days ago
edited the structure

Your inverse isn't correct. The correct inverse would be to look at the countries that do have tax.

Let's look at Guinea

There's the tax information:

http://www.doingbusiness.org/data/exploreeconomies/guinea/pa...

Oh by the way it's the poorest country in the world 2017.

I did take a look at what jacquesm suggested and here is a list of countries that have no income tax.

* United Arab Emirates

* Oman

* Bahrain

* Qatar

* Saudi Arabia

* Kuwait

* Bermuda

* Cayman Islands

* The Bahamas

* Brunei

Now you could argue that the countries are rich countries and the only ones doing well are the native citizens or that two of them are tax havens for the rich. But hey that's not what he said.

And the moral of the story? Unquantified generic statements are usually bad. Don't do it. No matter who you are, don't do it.

2 comments

You understand that I wasn't taking issue with the taxation point, right? Just that there is a possibility that this is a case of egregious government abuse of power, not a case of dodging taxes, therefore utilizing an argument based on the idea of no taxation was missing the point.

He also said "no taxes", not "no income taxes".

They're subsisting on taxes, just not income taxes. Half of those are living off of royalties on oil, the others from investment banking.