Yet they claim they are not communist tyrants

[Carl]

http://www.democraticunderground.com/10022830146

Octafish (33,342 posts)

Let's Tax Offshore Wealth

 
 We have the technology. We know who and we know where They have hidden the cash.

 

On My Mind

Tax Offshore Wealth Sitting In First World Banks

James S. Henry
07.01.10, 09:00 AM EDT
Forbes Magazine dated July 19, 2010

Let's tax offshore private wealth.

How can we get the world's wealthiest scoundrels--arms dealers, dictators, drug barons, tax evaders--to help us pay for the soaring costs of deficits, disaster relief, climate change and development? Simple: Levy a modest withholding tax on untaxed private offshore loot.

Many aboveground economies around the world are struggling, but the economic underground is booming. By my estimate, there is $15 trillion to $20 trillion in private wealth sitting offshore in bank accounts, brokerage accounts and hedge fund portfolios, completely untaxed.

SNIP...

This wealth is concentrated. Nearly half of it is owned by 91,000 people--0.001% of the world's population. Ninety-five percent is owned by the planet's wealthiest 10 million people.

SNIP...

Is it feasible? Yes. The majority of offshore wealth is managed by 50 banks. As of September 2009 these banks accounted for $10.8 trillion of offshore assets--72% of the industry's total. The busiest 10 of them manage 40%.

CONTINUED....

http://www.forbes.com/forbes/2010/0719/opinions-taxation-tax-havens-banking-on-my-mind.html

This would beat the alternative. No, not austerity; the guillotine.

I bet Soros will not be happy.

bemildred (67,323 posts)
1. Let's tax wealth. Make them invest it in something useful or take it back. nt

Lick the underside of my scrotum.

People Power (4 posts)
22. we need a maximum wealth


These people have a mental illness and millions of people are starving because of it.

bemildred (67,323 posts)
25. Yes, I like that, put a limit on it, it could even be pretty high.

It's amazing how having a little money can get you obsessing about it and devoting your life to it.

It is even more amazing how not having what others do can undo a DUmbass.

The Magistrate (80,436 posts)
2. Hear Hear, Sir!

Hell, better than to tax it, simply confiscate it entire, as seizure of an asset involved in a crime, pour encourager les autres....

Why we have the 2nd Amendment.
Come and get it from me sir...if you ****ing dare.
I promise you won`t like the end.

Wounded Bear (2,837 posts)
3. I've often thought that....

If we really must invade someone, it should be the Caymans or Switzerland or some of the "Free" Banking countries.

Just sayin'.

Octafish (33,342 posts)
17. How about a Virtual War?

Our Hackers vs. Their Counter-Hackers.

Either way, winner takes all. A tradition in banking.

Bubba will like you in your shared prison cell.

Egalitarian Thug (6,907 posts)
4. We need a billionaire's nightmare inheritance law combined with a wealth tax on corporations.

Individual's pay it back into the economy when they die and corporations pay us every year for the privilege of existing.

Eat shit and die commie.

Octafish (33,342 posts)
18. Absolutely!

Your understanding of justice makes me believe you would make an outstanding Attorney General of the United States.

The giant corporations have enjoyed Untouchable status ever since the Brothers Dulles ran Iran into the ground for British Petroleum.

This lunatic is probably not a mole btw.

leftstreet (22,090 posts)
12. Seize their assets - redistribute them n/t

DURec

Gimme!

truebluegreen (1,548 posts)
16. Damn straight.

These people need to be held to account for their thievery--they have been playing the system that they created, for their own benefit...or they can be the first against the wall when the revolution comes (h/t Douglas Adams).

You will piss your pants the first time you see a barrel pointed at your head.

socialist_n_TN (8,292 posts)
26. I'm a communist........

We don't give up. But I'm also a Trotskyist, which means that there have to be certain conditions being met for a revolution to be successful. So I work towards the achievement of those conditions when I work against the capitalist system. Small steps at this time. Organizing the working class, propagandizing and agitation, attempting to raise the consciousness of the working class into being a class FOR itself instead just a class OF itself.

And as V.I. Lenin said, sometimes years go by with nothing happening and then sometimes years go by in months. I'm TRYING to be prepared for those "years go by in months" times

bemildred (67,323 posts)
27. OK.

I'm OK with all that. I prefer not to label myself, but Commies do not worry me, Marx was an important thinker, and I don't think you're going to have to wait a long time now.

I like Hardt & Negri if that tells you something, but I remain skeptical about neat simple theories of what comes next, and I'm not in a mood to try to disentangle Marx/Lenin/Trotsky and Communist dogmatic disputes. Trotsky is a very interesting guy too.

I tend to favor evolution over revolution for the simple reason that revolutions are by their nature destructive and hard to control, you can lose a lot and not get that utopia at the end. A little violence you can deal with, a lot of violence and everything just kind of falls apart and the greedheads and war lovers take over.

In other words you prefer to deny history and fantasize over a socialist utopia that can never exist.
DUmbfuk. 

[Skul]

Levy a modest withholding tax on untaxed private offshore loot.

They all start out that way, don't they?
It's just half a percent, and it's for the childrennnnn. 

[SSG Snuggle Bunny]

This is why they hate the 2nd Amendment.

It prevents them from trampling the 1st, 4th, 5th, 6th, 7th, 8th, 9th...

...oh, you get the idea.

[JohnnyReb]

Confiscate all the wealth.....then we will all be equal.....no job, no money, no food, no shelter, nothing and no more government freebies for the DUmmies.....but we will all be equally miserable. It will be the DUmmies ideal utopia.

[DumbAss Tanker]

Never happen, the rich bastards involved are even more likely to be Democrats than Republicans, they'd never cut the throat of their own donor base like that.

[RightNow]

emildred (67,323 posts)
1. Let's tax wealth. Make them invest it in something useful or take it back. nt

Invest in what?  Green energy?  Yeah, thats a bright idea!   

[chitownchica]

Good luck DUmbasses.

[BattleHymn]

The Magistrate (80,436 posts)
2. Hear Hear, Sir!

Hell, better than to tax it, simply confiscate it entire, as seizure of an asset involved in a crime, pour encourager les autres....

This is what happens when you don't follow the directions about fume inhalation hazards in regards to modeling glue.  

The only good thing about this primitive is that he is easy to stir up.  I've found that my main mole gets along swimmingly with him.

[delilahmused]

Considering the majority of the stupidly, filthy rich in congress are democrats, good luck with that! Do you honestly think they'd vote against THEIR self interest?

Cindie

[I_B_Perky]

bemildred (67,323 posts)
1. Let's tax wealth. Make them invest it in something useful or take it back. nt

Let's tax welfare first dummie. You ain't paying taxes on it are you, dummie? You didn't work for that money did you, dummie? You ain't investing in anything useful are you dummie?  That is the exact same argument you use for taxing wealth. So you go first dummie. Then we will talk about taxing money people have accrued.

Until then... STFU.

As for the rest of the communists in the thread... move to Cuba and don't come back. You do not belong in this country. Go live in your communist utopia and leave my country the hell alone.

[J P Sousa]

I wonder if the DUmmies heard about this;

  Carlos Slim, world’s richest man, gets richer supplying ‘Obamaphones’ to poor 

http://www.myfoxdc.com/story/19792114/carlos-slim-worlds-richest-man-gets-richer-supplying-obamaphones-to-poor

He's also one of President Obama's top donors. 
.

[J P Sousa]

Some of Obama's Billionaires;

http://www.forbes.com/forbes/2012/0806/leaderboard-support-obama-billioniares-follow-the-money.html

I wonder if they have off-shore accounts.  


Oh look ;  Penny Pritzker nominated commerce secretary

Republican senators are likely to be interested in the Pritzker family’s reputation as innovators in the use of offshore trusts and foreign bank secrecy laws to shelter their wealth from income, capital gains and inheritance taxes.

http://www.nytimes.com/2013/05/06/us/politics/in-penny-pritzkers-08-answers-on-finances-hints-at-road-ahead.html?pagewanted=all&_r=0
   

.

[Ogre]

Sat May 11, 2013, 04:17 PM

 Octafish (33,342 posts)

Let's Tax Offshore Wealth

We have the technology. We know who and we know where They have hidden the cash.

Jeez, not this shit again!  Is this DUmmy really that stupid or is this someones mole?

[diesel driver]

Jeez, not this shit again!  Is this DUmmy really that stupid or is this someones mole?

The only logical answer is:  "Yes"!

[Ogre]

The only logical answer is:  "Yes"!

Haha, good one!

[Rebel]

Egalitarian Thug (6,907 posts)
4. We need a billionaire's nightmare inheritance law combined with a wealth tax on corporations.

Once again, FOOLS, you could confiscate ALL of their wealth and still not come CLOSE to paying the national debt. All you'd do is kill the ****ing economy.


[youtube=425,350]661pi6K-8WQ[/youtube]


But we on this side know it has not a damn thing to do with paying bills, or the debt, or closing the deficit. It's all about envy. Envy from a bunch of lazy, drugged-out ****ing loser Communists that hang out on a dumbass site by the name of Democrat Underground. You idiots are such ****ing losers that, it's not enough for you to get off your sorry asses, get out of your parents basement, etc., and actually DO something to improve your sorry ass lives, no, you want those that are more successful brought down to your pathetic level.

Bring it the **** on, you Commie pricks.

[Karin]

I read once that liberals always overreach.  Always.  Contrast the first post with the last:

Response to Octafish (Original post)
Sun May 12, 2013, 05:48 PM
 Mr. David (64 posts)
35. If the money is offshore for the purposes of evading taxes, then there ought to be

quadruple taxation for trying to bring their money back in. As a punishment.

And revoke the U.S. citizenship of that such person if they were trying to avoid taxes in the first place. Declare the evader stateless, and if they want to keep their citizenship, pay the taxes back by 1000% and given a provisional green card for 10 years and pay taxes properly and on time, then they can regain their US citizenship after a generous contribution to the U.S. Treasury.

This happens every single time there's a "tax the wealth!" thread.  The little commies swarm, working themselves into a lather, proposing ever more totalitarian theft of property.  Then spent, they then retreat into their usual impotence.  

[Rebel]

Response to Octafish (Original post)
Sun May 12, 2013, 05:48 PM

 Mr. David (64 posts)
35. If the money is offshore for the purposes of evading taxes, then there ought to be

quadruple taxation for trying to bring their money back in. As a punishment.

And revoke the U.S. citizenship of that such person if they were trying to avoid taxes in the first place. Declare the evader stateless, and if they want to keep their citizenship, pay the taxes back by 1000% and given a provisional green card for 10 years and pay taxes properly and on time, then they can regain their US citizenship after a generous contribution to the U.S. Treasury.

And just a little education for this moron. That money that is "offshore", and I don't think a one of you fools understand the concept, what's it doing, floating around on a boat?  Money in foreign accounts, for the most part, was MADE in foreign lands. They didn't make the money here and ship it off somewhere outside the U.S. THAT would be evading taxes, DUmbasses. What you idiots are advocating is no different than involuntary servitude. The money they make overseas is already taxed in that nation. You idiots think it should be taxed here as well? You idiots have to be some of the dumbest ****ing idiots on the face of the planet.

[delilahmused]

[youtube=425,350]http://www.youtube.com/watch?v=o-0lAhnoDlU[/youtube]