And I guess all the other wealthy leftists with offshore-based investments probably think that as well, right?
Anyhow, I’m taking a glass-half-full perspective on this kerfuffle since it gives me an opportunity to educate more people about why tax havens are a liberalizing and positive force in the global economy.
Oh, what about Lew as Treasury Secretary? Well, as I explain for Real News, he’s competent but misguided.
In other words, the chances of any good reform in the next four years are asymptotically approaching zero. Based on his background (and also based on the views of the President he’ll be serving), it’s virtually impossible to envision good entitlement reform, pro-growth tax reform, and any changes to lessen the likelihood of future Greek-style fiscal collapse (as amusingly illustrated by this cartoon).
So with any luck, they’ll be some tax havens around that the rest of us can utilize when that day of reckoning occurs.
(An important interview) Saving the Net from the surveillance state (And Crony Media): Glenn Greenwald speaks up (Q&A) | Nick Sorrentino