Difference between revisions of "File:The Price of Offshore.pdf"

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|Source=[http://www.taxjustice.net/cms/front_content.php The Tax Justice Network]
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|source_URL=http://www.taxjustice.net/cms/front_content.php  
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|Author=James Henry
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|source_name=The Tax Justice Network
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|Date=22 July 2012
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|authors=James Henry
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|Note='''This report is about the flight of wealth from countries that produce it to a tiny number of bank accounts in tax haven countries.'''
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|publication_date=22 July 2012
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|subjects=Tax Havens
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|type=report
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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.
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|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!
  
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It is hardly news that a small number of people are extraordinarily rich. But it ought to be news that 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 these tax havens. In total, 10 million people worldwide hold offshore assests. The study shows that they total at least $21 trillion, possibly $32 trillion. That's about equivalent to the combined GDP's of the USA and Japan in 2011!
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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.
  
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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 tends 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.
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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
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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 (dependant 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
 
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It is a '''MUST READ''' for anyone seeking to understand the world they are currently surviving in.
 
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|ContentsTitle=Estimating the Price of Offshore
 
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It is ''highly recommended'' for anyone seeking to understand the world they are currently surviving in.
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|title=Estimating the Price of Offshore
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}}
 
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[[Category:Globalisation]]
 

Latest revision as of 14:05, 5 December 2015

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.

Disclaimer (#3)Document.png report  by James Henry dated 22 July 2012
Subjects: Tax Havens
Source: The Tax Justice Network (Link)

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.

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Estimating the Price of Offshore


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