Terrorism, Drugs, Crime, Poverty, and Tax Evasion: The Ties That Bind
A Discussion of Capitalism's Achilles Heel: Dirty Money and How to Renew the Free-Market System
Each year, an estimated $1 trillion passes illegally across borders, aided by an elaborate "dirty money" structure comprising tax havens, financial secrecy jurisdictions, dummy corporations, anonymous trusts and foundations, money laundering techniques, and loopholes intentionally left in the laws of western countries. Of this amount, some $500 billion a year comes out of developing and transitional economies into western coffers, fostering crime, facilitating terrorism, voiding trade and investment, dampening economic development, deepening poverty, supporting tax evasion, creating political instability, and, most fundamentally, abusing capitalism's founding ideals of fair play.
In his new book, Capitalism's Achilles Heel: Dirty Money and How to Renew the Free-Market System, Raymond W. Baker examines the illicit outflows of "dirty money" across international borders and reveals how dirty money, poverty, and inequality are inextricably intertwined in the global free-market system. The
That does not even include those who refuse to pay tax on labor. That’s just the cost of doing business. But when is the last time you saw the federal government take down one of these Illegal tax shelters. These kinds of programs are where the term "tax shelter" came from. Not from Irwin Schiff trying to sell a few books or inform the public of what the actual tax law states in black and white. The tax Honesty movement is not corporate tax shelters, Loopholes or offshore bank accounts. We are families trying to earn a living and purchase the products we see millionaires buy on TV except that we don't have enough left over for our children’s college funds because the tax system starts taking 25% after we earn a living wage, living in a high interest environment riddled with inflation and complexity. The real problem is the rich paying tax and saying the rest of us should pay our FAIR SHARE. That’s easy when you have $500,000 left after taxes. But it's not fair when you only have 10, 20 or even $30,000 "After Tax". Then there are student loans, child support, mortgages, food, fuel and all the expenses of going back to work the next day. Especially when what is left gets taken up by the other 55 taxes we all pay. So what’s fair about being a slave?
If the government has the right to take a piece of my labor it doesn't need my permission. I will not voluntarily comply and I will not assess myself. I don't want your deductions or allowances. If the law is fair and the law is mandatory than just take it. But don't think you can force me to volunteer. You don't need my permission so just take it. If that's a crime then just come and get me. I'll surrender right now.