Dan Mitchell's Tax Haven Speech on Capitol Hill -- Part 2

Dan Mitchell's recent speech to policy makers, journalists, and diplomats on Capitol Hill explains why tax havens should be applauded, not persecuted. Speaking at the Cato Institute event, Dan discussed the dangers to the global economy if international bureaucracies such as the OECD are able to impose fiscal protectionism. This is Part 2 of a two-part series. See www.freedomandprosperity.org for more information.

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[awhodatt]

God damn!!

Well slap me around and call me Sally!!

Excellent video!!!!!!

As a citizen of one the most prominent "tax havens" I would like to sincerely thank the poster for uploading this vid...the gentleman has clearly communicated my sentiments on this issue.

Again..thank you!

[ErikMartinsen81]

Excellent speech, thank you.

[SmokeRingsPipeDreams]

Income taxes are nothing more than a modern updated version of slavery.

[jjrglobal]

@Zoidborg1

Its not my opinion, Its economic law. How in the world do you think that when the government takes more money that people can afford to hire more and grow their businesses? Or do you think that government jobs somehow create wealth and raise the standards of living? The FACT is that when the tax rates were high that people paid less of their income because of all the loopholes. People could deduct everything, unlike today.Your thinking is completely backwards

[Zoidborg1]

@jjrglobal that all sounds good, its your opinion, you have a right to it. Economics is a science, in the US through the 1950's and 1960's the income tax rate for the super rich was over 90%. All that tax went to building the great society, creating jobs and creating the middle class, and as we all know human nature, people are greedy so the Super Rich, when they are taxed 90%, will have to hire more and have more production to earn their billions. so it is a huge Stimulus. Thats just a Fact

[jjrglobal]

@Zoidborg1

Your economic ideology isn't just a little off, its completely wrong. The "well to do" have ALL of their money invested efficiently in the economy. Taking this efficiently invested capital by force (which costs money)and reinvesting it into the economy using inefficient government agencies, can in no way help economic growth.

[jjrglobal]

@Zoidborg1

Although some might believe that inventors and scientists are the ones that make all of our lives better through innovation, it is a fact that without the financiers that turn ideas into reality, the new inventions would never see the light of day

[Zoidborg1]

@alekopetkov Actually the workers (human resources) and natural resources are the source of economic growth, just think about if you dropped all the wall street fat cats on a dessert island

i think they would dye because they dont have an army of workers pampering them

by your thinking they would have more wealth from super growth because they themselves are the source of economic growth lol

actually it takes hard work blood sweat and tears

that wealth is hijacked from us by our owners

[alekopetkov]

@Zoidborg1 : The "well to do", are the source of economic growth. Piss them off with high taxes, and they will take their business (and jobs) elsewhere. Besides, where's the moral justification for confiscating a businessman's earnings to subsidize the reckless spending habits of the poor? This kind of Robbing Hood mentality is just plain socialism, and is the main reason for the widening gap between the rich and the poor. Bottom line: you cannot create wealth by taking from another.

[Zoidborg1]

one of this guys main points is provably wrong

high taxes do not slow economic growth, in fact if the tax comes from the "well to do" to go to social programs that frees up local spending for the regular folks, in that case higher taxes is the best fuel for economic growth

thats just economic fact

in the 50's in the the USA the rich were taxed by 91%

look at the economic boom

just read real books on economics not guys from fat cat think tanks like Dan Mitchell

[EggMan15]

SEE IF ALL THE OBAMA SUPPORTERS WHO SUPPORTED HIM BECAUSE HE WAS "JUST BLACK AND CHANGING aMERICAN HISTORY" would of actually see this.