I’m a huge fan of so-called tax havens. I’ve been working for more than 10 years to protect and promote the values of tax competition, fiscal sovereignty, and financial privacy.
Why am I fighting this battle and taking occasional risks? Because tax havens are a huge plus for the global economy.
Statist politicians, not surprisingly, resent and despise tax havens. They often attack these low-tax jurisdictions because they don’t want limits and constraints on their ability to increase taxes and spending. They want taxpayers to be “captive customers” who can be fleeced without any options to escape.
Hussman's Open Letter to the Fed; The Problem with Bubbles; Textbook Pre-Crash Bubble; Reflections on Not Chasing Bubbles; Integrity vs. Respect | Mike Shedlock