Offshore’s Global Impact

[ZenGum]

I recently read (forget where) that offshore asset-hiding cost each regular US tax payer over $1,000 in 2012 alone.

There are quite a few countries whose main function is secret banking - Lichtenstein, Jersey, Bermuda etc. This is largely used for tax evasion and money laundering.

These are the real rogue states, and we should launch a war against Secret Banking. We don't even need to invade; just impose financial sanctions. Make it a criminal offense to trade with a nation which practices bank secrecy. Force the super-rich to keep there money in the country where it was made, and pay tax on it there, and watch budget deficits everywhere shrink.

Of course, it will never happen, because the plutocrats will instruct their tame politicians against it, and the sheeple will fall for the "Job Creators" and "Freedom" line if it is shouted at them often enough.