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$22 trillion makes the annual US military defence budget look like small change! Maybe that's why nobody has done anything about the Caymans, they're too scared! Think about it, with that kind of money, they probably have have the best defence money can buy - sharks with lasers, squadrons of elite weiners, Chuck Norris...

Do_I_Not_Like_That wrote:$22 trillion makes the annual US military defence budget look like small change! Maybe that's why nobody has done anything about the Caymans, they're too scared! Think about it, with that kind of money, they probably have have the best defence money can buy - sharks with lasers, squadrons of elite weiners, Chuck Norris...

They could buy anyone that attacks them...

Kilkrazy wrote:They call people with $1,000,000 ultra high net worth?!?!?!?

That's loose pocket change by the standards of real rich people.

??? Read that again.

wiki wrote:Ultra high net worth individuals (UHNWIs) are individuals or families who have, by one definition, at least US$30 million in investable assets,[2] or with a disposable income of more than US$20 million.[19] The exact dividing lines depend on how a bank wishes to segment its market; for example, the term "very high net worth individuals"[20] can refer to those with assets between $5 million and $50 million, with ultra high net worth individuals only those with above $50 million.

Do_I_Not_Like_That wrote:$22 trillion makes the annual US military defence budget look like small change!

That kind of money could single-handedly devalue the dollar to catastrophically low levels.

Melissia wrote:

Do_I_Not_Like_That wrote:$22 trillion makes the annual US military defence budget look like small change!

That kind of money could single-handedly devalue the dollar to catastrophically low levels.

Sure, it'd be tragic if all your debt suddenly lost a load of its value.

Actually it'd be tragic if you had to take a wheel barrel to go buy a loaf of bread

hyper-inflation!=inflation.
For the past 3 years, our inflation has been >5% while our interest payments were about 1.5%. Profit.

Inflation is historically how governments deal with debt. Hyper inflation is very, very rare.

Testify wrote:hyper-inflation!=inflation.
For the past 3 years, our inflation has been >5% while our interest payments were about 1.5%. Profit.

Inflation is historically how governments deal with debt. Hyper inflation is very, very rare.

Do you have a point or are you stating the obvious?

STOP! Hammer and sickle time!

You see, if we were all communist this wouldn't happen.

Comrades!

STOP! Hammer and sickle time!

You see, if we were all communist this wouldn't happen.

Comrades!

Nope not playing. You seem to be angling in on the Commisar bit

Melissia wrote:

sebster wrote:Meh, people avoid tax. Everyone does it.

That is a false assertion.

I can guarantee TONS of people avoid taxes at all costs


I live in Portland Oregon, USA. Across the river from Portland is Vancouver, WA, and every day there are tons of people coming here to shop, because we don't have sales tax, and they do. To top that there are people from Vancouver, British Columbia who come here by the fething BUS loads to go shopping without taxes.

Whole fething bus tours around shopping tax free

Melissia wrote:

sebster wrote:Meh, people avoid tax. Everyone does it.

That is a false assertion.

No, it's a statement of basic reality. People pay as little tax as they can get away with.

You can argue some people should pay more tax, and that laws should be changed to make them pay more tax, and to better enforce them paying that tax, and I'd agree with you, but there's no point pretending there's some unique property in one class of people for avoiding tax.

Why is this news worthy? Honestly, are people surprised?

Kaldor wrote:Why is this news worthy? Honestly, are people surprised?

It puts a nice little (enormous) figure on something we were all somewhat aware of.

Like that stat saying that 1 canadian on 3 cheat their taxes.

DIDM wrote:I can guarantee TONS of people avoid taxes at all costs

You're conflating state sales taxes with national income tax.

sebster wrote:People pay as little tax as they can get away with.

That's not the tax evasion I was talking about. There's a difference between wanting to pay the correct amount of tax and wanting to avoid paying altogether.

Melissia wrote:

DIDM wrote:I can guarantee TONS of people avoid taxes at all costs

You're conflating state sales taxes with national income tax.

sebster wrote:People pay as little tax as they can get away with.

That's not the tax evasion I was talking about. There's a difference between wanting to pay the correct amount of tax and wanting to avoid paying altogether.

And who decides what the "correct amount of tax" is?

AlmightyWalrus wrote:And who decides what the "correct amount of tax" is?

The government sets the rate, the taxpayers attempt to use the tax system to pay as little or as much as they want. The correct amount of tax, in this context, is a balance between these two forces.