Tax Havens: Myths vs. Facts

LOL! I thought I smelt a rat when his gaspump analogy implied that the average steelworker could just go into finance if he wanted!
Turns out, he worked for The Heritage Foundation (funded by oil and weapons companies among others) and, before that, Citizens for a Sound Economy which wasn't a 'consumer group' but was 85% funded by major corporations (Washington Post report). Dan Mitchell is a Neo-Con who has warped his own definition of morality so he can sleep at night.

By your definition the East-India trading company was a private enterprise.

You fail to distinguish between theft and trade because you yourself want to justify theft.

There are two basic means of interaction between humans: trade and war. You are in support of war.

Individualism101 dixit: " By your definition.................... .........You are in support of war" (?????).
Either you're going mystic or you have the wrong chap and you should have sent your post to somebody else.

What do you think regulation is. Whenever you say 'there should be a law' you are supporting war against a number of individuals.

All the government does is make war.

Laws are needed to protect the general interests of the majority from the interests of a minority. This concept has been gradually eroded for the last 25 years with the result we know today. Individuals, like the one on the above video , have been very irresponsible .

I suppose thats why the majority of laws are written by a minority of special interest groups and are thousands of pages long and are not read by anyone until 5 years after they are passed. Give me a break.

There is no private financial system. What little there was is gone with the destruction of tax havens.

The private financial system had to be intervened by governments due to the irresponsibility of financial executives who have brought the world economy on the brink of total collapse. Unfortunately tax havens are not all under control. I firmly believe they should disappear so that the money in them is invested in the real economy.

Wrong. Government backed mortgages brought the economy to the brink of collapse. As I said earlier: there is no private financial system. Maddoff was the founder of the nasdaq. The whole thing is one big government scam.

Your problem is that you dont even know what government is. The stuff it does right (hardly anything) you call government, and the stuff it does wrong you call private. When in reality the people who are in control (gov) made the mess and now they are making an even bigger one.

Look, mate, since the last 25 years governments all over the world have been giving power to the private sector. Reagan started this neoliberal policy with the result we know today. The private financial sector made the mess we are in today; the fault of governmente is to have allowed it.