Madhi19 Reddit new post madhi19 on Super rich hiding up to $32 trillion offshore, which amounts to roughly the US and Japanese GDP combined. Up to $280bn is lost in tax revenues. Some of the world's biggest banks are involved: HSBC, Citigroup, Bank of America, UBS, Credit Suisse

Money is the energy of the economic system. What happen to a system that waste too much energy without producing anything? It grind to a halt! While the Government is accused of wasting away money and they do the one thing they don't do is is hoarding it away from the system. That the fatal flaw of our non existent corporate taxation. It promote hoarding instead of re-investment. If you give me a magic wand to fix it I make dividend mandatory past a certain profit level and I add stiff corporate tax on profit. If they don't want to pay it they just need to re-invest the energy back into the system.

from reddit: the front page of the internet http://www.reddit.com/r/worldnews/comments/wz8cb/super_rich_hiding_up_to_32_trillion_offshore/c5hzb90