Sunday, March 27, 2005

Ultra-rich tax avoiders

Why do the ultra-rich avoid paying tax? It's simple:
'This is one of the defining crises of our times,' said John Christensen, co-ordinator of the Tax Justice Network and a former economic adviser to the Jersey government. 'One of the most fundamental changes in our society in recent years is how money and the rich have become more mobile. This has resulted in the wealthy becoming less inclined to associate with normal society and feeling no obligation to pay taxes.'
It's a crisis alright. Those who can afford the necessary expert advice can legally avoid paying taxes while schmucks like me get stuck paying through the nose. Maybe the ultra-rich would willing pay more in taxes if they thought governments spent the money wisely. I know I would.

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