Difference between revisions of "File:The Price of Offshore.pdf"
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|description=Just 0.001% of the world’s population — that’s one one-thousandth of one percent — or about 92,000 people have $10 trillion in assets stashed in tax havens. | |description=Just 0.001% of the world’s population — that’s one one-thousandth of one percent — or about 92,000 people have $10 trillion in assets stashed in tax havens. | ||
| − | | | + | |note= In total, 10 million people worldwide hold offshore assets. The study shows that they total at least $21 trillion, possibly $32 trillion. That's about equivalent to the 2011 annual GDP's of the USA and Japan combined! |
Where did this money come from? Well, that depends on how you account for capital formation. Does profit come from work or financial manipulation? The developed world used to favor the former, but work gets your hands dirty rather than getting you rich quickly. So, like earlier empires, the actual work is farmed out to colonies and the hugely enriching stuff kept at home, to wit: finance and the military might needed to enforce its extraction. | Where did this money come from? Well, that depends on how you account for capital formation. Does profit come from work or financial manipulation? The developed world used to favor the former, but work gets your hands dirty rather than getting you rich quickly. So, like earlier empires, the actual work is farmed out to colonies and the hugely enriching stuff kept at home, to wit: finance and the military might needed to enforce its extraction. | ||
Revision as of 20:53, 25 June 2014
| Just 0.001% of the world’s population — that’s one one-thousandth of one percent — or about 92,000 people have $10 trillion in assets stashed in tax havens. |
report of unknown authorship dated 22 July 2012Source: The Tax Justice Network
In total, 10 million people worldwide hold offshore assets. The study shows that they total at least $21 trillion, possibly $32 trillion. That's about equivalent to the 2011 annual GDP's of the USA and Japan combined!
Where did this money come from? Well, that depends on how you account for capital formation. Does profit come from work or financial manipulation? The developed world used to favor the former, but work gets your hands dirty rather than getting you rich quickly. So, like earlier empires, the actual work is farmed out to colonies and the hugely enriching stuff kept at home, to wit: finance and the military might needed to enforce its extraction.
Concentration of wealth is the goal of empire once it becomes established, and the Anglo-American-NATO Empire is no different. Wealth extracted from colonies (dependent nations - from their viewpoint, stolen) is concentrated at the Empire's centres where it is further concentrated into the hands of a miniscule proportion of the population, who proceed in the manner outlined in this report
It is highly recommended for anyone seeking to understand the world they are currently surviving in.★ Start a Discussion about this document
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| current | 15:45, 22 July 2012 | (799 KB) | Peter (talk | contribs) | Categpry:Doc |
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