cousin nadin tells us why

[franksolich]

http://www.democraticunderground.com/12511701904

Oh my.

nadinbrzezinski (148,839 posts)    Sun Apr 10, 2016, 08:54 PM

This is why the Clinton Foundation, and the Panama Papers
 
will become relevant. Not saying they are connected, but read into the sentiment

Tax havens with their financial opacity are one of the key driving forces behind rising wealth inequality, as well as a major threat to our democratic societies. Why is this so? Quite simply because modern democracies are based on a fundamental social contract: everybody has to pay taxes on a fair and transparent basis, so as to finance access to a number of public goods and services. Of course, there is ample room for disagreement about what “fair” and “transparent” taxation means. But if some of the wealthiest individuals and some of our largest corporations use tax havens and fiscal dissimulation in such a way that they avoid paying taxes almost entirely, then it is our basic social contract that is at stake. If middle-class taxpayers feel that they are paying higher effective tax rates than those at the top of the pyramid, if small and medium-size businesses feel that they are paying more than our largest companies, then there is a serious risk that the very notion of fiscal consent— which is at the core of modern democracies— will fall apart altogether. And if a rising fraction of the population, at the bottom and in the middle of the pyramid, feels that the system is not working for them, and that they are not being well treated by the global economy or by their government, then many might reject the very notion of interclass solidarity and of a fair fiscal and social state.

Zucman, Gabriel (2015-09-22). The Hidden Wealth of Nations: The Scourge of Tax Havens . University of Chicago Press. Kindle Edition.

For the record, that consent includes foundations.

And that book is starting to look like an extremely good read, that is part of the foreword by Picketty... and was written in 2013... translated into English in 2015 and released by the University of Chicago Press. 

Dragonfli (9,503 posts)    Sun Apr 10, 2016, 09:20 PM

1. K&R for needed exposure

nadinbrzezinski (148,839 posts)    Sun Apr 10, 2016, 09:26 PM

3. That book is highly recommended
 
though also highly technical.

Uh. basically all it's saying is that for a just and equitable society to exist, every entity needs to pay its fair share of taxes.

Primitives are an entity, too.

Yawn.

One suspects that if the "scholar" had an Anglo-Saxon name, the cousin wouldn't pay the least bit of attention to him.

<<<tired of rectal apertures who "praise every century but this, and every country but his own."

zappaman (19,546 posts)    Sun Apr 10, 2016, 09:21 PM

2. Yeah, right.
 
"Not saying they're connected, but let me put them in the same sentence so it seems like they are." 

[98ZJUSMC]

Uh. basically all it's saying is that for a just and equitable society to exist, every entity needs to pay its fair share of taxes.

Primitives are an entity, too.

Oooohhhhh...............    you can hear the sputtering, three States away.

[JakeStyle]

Now that she has become a full-blown berniebot (though she claims to be impartial), nadin finally has a sizable fan club at the DUmp.

[SVPete]

Uh. basically all it's saying is that for a just and equitable society to exist, every entity needs to pay its fair share of taxes.

Primitives are an entity, too.

Yawn.

<<<tired of rectal apertures who "praise every century but this, and every country but his own."

However much or little taxes "the rich" and EEEEEeeee-vile corporations pay, they also provide products and services needed and wanted by society while creating jobs.

Nearly half the nation pays NO taxes, receives money and free @#$% from taxpayers, and produces NOTHING. Who's not paying their "fair share"? and contributing less than nothing to society?!