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by throwawaysea
2409 days ago
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FYI this isn’t new info; this research was published approximately 1.5 years ago. Personally I’m not certain that a government would put this extra money to good use. Gabriel Zucman (advisor behind Warren’s wealth tax, whose doctoral advisor was Thomas Piketty) is one of the people behind this website, and seemingly has an ideological problem with personal and corporate wealth accumulation. But I haven’t seen cogent arguments (from him or Piketty or Emmanuel Saez) as to why accumulation of having a tax strategy is wrong. Everyone would avoid taxes if they could, and governments aren’t exactly known for putting capital to efficient use. Furthermore theee corporations have to pay taxes when money is repatriated so this is more of a tax rearrangement strategy. See https://www.investors.com/politics/editorials/overseas-profi... |
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Those are different issues, though. Firstly, of course governments should put their tax revenue to good use. When they don't, it's a failure of democracy to hold the government accountable. Of course in a non-democratic country or a severely compromised democracy, it's hard to impossible to hold the government accountable. Either way, the thing to complain about is the way taxes are used or misused, not their existence at all, as governments won't be able to function without them. If you don't want governments or countries at all, then argue for that directly, and I will sympathise. But you don't get any sympathy from me if you want to live in a nice country but don't want to pay any taxes for it.
And secondly, just that everybody would avoid to pay taxes if they could, doesn't mean it's okay for corporations to be able to do so. It merely underscores the inequality between people and corporations.