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Paradise Papers: New leak from offshore finance firm

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Re: Paradise Papers: New leak from offshore finance firm

#421
post #406

Earlier quoted context omitted.

I get it, you don't like Trump. I don't like him either. But the above doesn't seem like evidence of anything other than real estate dealings.

I won't argue it anymore. Apologies for the ad hominem attacks.

Apology accepted!

Re: Paradise Papers: New leak from offshore finance firm

#422

Earlier quoted context omitted.

I was in the thread about "lessons from MIT", and thinking of a degree curriculum I looked at from the UK one day. It basically expected that students (who were going to learn PL theory) start off with a higher level of math knowledge (right out of secondary school) than most American CS students have in sophomore year. AFAIK, their students don't suffer as much stress or depression as the cohort of Americans who've…

The difference in educational levels is economic. If you correct for the income & wealth levels of the international district and match them to american districts with similar levels, you have similar academic results. There's no gap. The issue occurs with taking averages. The United States is a rich country or a developing country depending on where you look. Few other modern industrialized nations are run this way.…

The same is true of our healthcare system. We have some of the best hospitals in the world, if you can afford the ever-increasing cost of care. Meanwhile tens of millions of Americans are skipping regular checkups due to cost, and a significant number of them will get very sick or possibly die as a result.

Re: Paradise Papers: New leak from offshore finance firm

#423

Earlier quoted context omitted.

I agree with your point, but are you also implying that 'new medications for difficult to treat diseases' are a primary driver of 'ballooning healthcare costs'? I don't think healthcare costs are increasing as quickly in other developed countries while they do benefit from constant medical advances.

Which "developed" (hopefully we can develop some more) country is creating these medical advances? One might guess the US, but I don't really know. Any good studies I could read?

Well, if we are talking about recent great medical advances, i think Spain and France are leading right now with the discovery of CRISPR. And i'm pretty happy about this, if it were discovered by an american pharmaceutical company, no other laboratory would have even heard of this before a patented product hit the market, and every research on the subject would be subject to a patent too.

Re: Paradise Papers: New leak from offshore finance firm

#424

Since there are no top level comments putting this out for probably obvious reasons, here is a supportive comment for the article. This is what people feel in their guts when they drive out on tattered roads and avoid going to the hospital even though they are sick, when they don't have a real increase in wages but are working longer hours. They have the sense that something isn't right, that there are two sets of ru…

It's important to note that, in the US, worker __compensation__ has increased steadily. However, __wages__ have not. A lot of this has to do with employer provided health insurance and ballooning healthcare costs, which are fairly specific problems to the US. Housing and education costs have also increased much faster than overall worker compensation.

Worker productivity has been steadily increasing for the past century, but wages stopped growing in the 70s-80s. No amount of corporate compensation can compensate for that.

Re: Paradise Papers: New leak from offshore finance firm

#425
post #337

Since there are no top level comments putting this out for probably obvious reasons, here is a supportive comment for the article. This is what people feel in their guts when they drive out on tattered roads and avoid going to the hospital even though they are sick, when they don't have a real increase in wages but are working longer hours. They have the sense that something isn't right, that there are two sets of ru…

Assuming SG is Singapore, that is a really specific example, because it is a tiny Island of 4 million people with a lot of very unique attributes - it is a major shipping and airport hub, as well as a financial hub in a notoriously corrupt region. The USA has similar areas - often much larger, usually with very similar outcomes. Look at https://en.wikipedia.org/wiki/List_of_U.S._states_by_GDP_per... and compare it to…

"That's the thing that as an Australian I never understood. The USA - the United States of America - varies so greatly by state. We don't have that - most countries don't."

I'm curious about that. IIUC, Australia's wealth is concentrated in the cities on the coast, but all of Austrailia's states are made up of coastline and a big chunk of interior space.

What would happen GDP-wise if you divided Australia's states into interior/exterior areas?

Re: Paradise Papers: New leak from offshore finance firm

#426

Earlier quoted context omitted.

I was in the thread about "lessons from MIT", and thinking of a degree curriculum I looked at from the UK one day. It basically expected that students (who were going to learn PL theory) start off with a higher level of math knowledge (right out of secondary school) than most American CS students have in sophomore year. AFAIK, their students don't suffer as much stress or depression as the cohort of Americans who've…

The difference in educational levels is economic. If you correct for the income & wealth levels of the international district and match them to american districts with similar levels, you have similar academic results. There's no gap. The issue occurs with taking averages. The United States is a rich country or a developing country depending on where you look. Few other modern industrialized nations are run this way.…

>If you correct for the income & wealth levels of the international district and match them to american districts with similar levels, you have similar academic results. There's no gap.

Most well-off American school districts do not teach even their honors students integral calculus and linear algebra by the end of high school. Valedictorians in those districts haven't usually learned that much.

Most of those kids in Palo Alto with anxiety problems over academic competition will not learn that much math in high school. It's just not done in formal school curricula. Some people might get it through taking college courses early or joining "math clubs", but no large mass of students will get it through their curriculum -- let alone the full population capable of it.

Money is being left on the table here because Americans think that real rigor comes from suffering, and anyone inadequate for the extreme suffering and boredom of secondary-school level "slow" learning is obviously inadequate to go ahead and do real work.

Re: Paradise Papers: New leak from offshore finance firm

#427

Earlier quoted context omitted.

If you're growing your company based on cash-flow you're slowly strangling your company to death. If it's profitable, leverage it. You don't have to go nuts and borrow millions, but if you can generate a better return on debt than the interest rate, which shouldn't be too hard given today's interest rates, you can build your business faster. If you're aggressively expanding your company you'll be channelling any prof…

I've seen this "get a better accountant" argument posted on HN quite a bit. But, aren't liberals outraged about the tax loopholes for the "weathly"? We shouldn't need the loopholes, just reduce the rates.

You should pay your fair share of tax. You shouldn't pay way more tax than you need to just because you're doing your own accounting badly or because your accountant is a moron.

A good accountant will do a lot more than deal with taxes. They'll point out how you can better finance your operation, how you can capitalize on assets you have to save on interest costs.

Managing cash-flow, expenses and accounts receivable is a very important job. If nobody's paying attention to this you can run your company aground without even knowing it.

So what I mean is if your accountant can't handle basic tax code, your accountant needs to be fired and replaced because you're probably getting killed in other departments as well.

Re: Paradise Papers: New leak from offshore finance firm

#428
post #415

Earlier quoted context omitted.

Move to Antarctica. I doubt anyone will notice. Live on a boat in the ocean. Move to a Caribbean island like Anguilla or Cayman, or the gulf like Kuwait or Dubai or Qatar Hong Kong, Syria, Paraguay have low tax too

All those places have taxes. Low taxes, but they have them. What you don't seem to understand is that I am not arguing against taxes themselves. Or even high taxes. Of course I would pay lots of money to partake in civilized society and its services. What I want is free market competition for how my taxes are spent and those services received. Because with the current monopoly the government has no reason to improve…

Antactica or boat on ocean is zero tax. Places like Dubai, Kuwait, etc all report zero direct personal taxes. There are 190 countries, and far more sub-country areas with differing tax policies (including in the US). That's an enormous choice.

I'm with BT for my ISP. I have a free market, I can move to providers from A&A to Zen. I don't have the ability to change what BT provide.

Lets take your smartphone example. I don't like what Apple have done in recent IOS versions (or mac laptops), so I can use an android phone or a lenovo laptop, just as I can move to Dubai, or Antarctica.

I have more choice in where to live than in ISPs or Phones.

Re: Paradise Papers: New leak from offshore finance firm

#429
post #408

Earlier quoted context omitted.

>>That is the choice of giving up my money, or dying - during a robbery. Why do you believe living in the jungle will result in dying? Our ancestors did it, and many people manage to do it today. It wouldn't be easy of course, especially if you're so used to your creature comforts that you lack basic survival skills, but it's definitely not a death sentence.

There are no jungles around where I live. Just forests. And they all belong to the government. My grad parents tried living off their land, but during a time when the government raised the taxes to impossible levels they couldn’t pay and the government came down on them - hard. They lost it all but survived. Others weren’t so lucky.

>>There are no jungles around where I live. Just forests. And they all belong to the government.

You can live on government land. You just have to move at least 25 miles every 14 days. So basically a nomadic lifestyle. It's doable. People have done it and still do it today.

Re: Paradise Papers: New leak from offshore finance firm

#430
post #229

Earlier quoted context omitted.

>they don’t actually stand for anything. I've met lots of young women who adore Hillary and would beg to differ. The woman is a feminist icon.

Ok. Fair enough. But how does the blindness that feeds their bias any different than that which feeds say a Trump supporter. I'm not sticking up for either. But to believe one side is less ignorant than the other is fairly naive. The proles are the proles. Just because you side with one subset (because they match your beliefs) doesn't make them any less prole-y.

I agree with you but you'll rarely get anywhere on a public forum by framing 95% of the population as suckers. Which they are, but the truth hurts.
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