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Was it wrong to hack and leak the Panama Papers?

marginalrevolution.com

61–70 of 72 posts

Re: Was it wrong to hack and leak the Panama Papers?

#61

Earlier quoted context omitted.

As if there existed some impartial authority to make rules.

"Everyone else", is the idea. For example, if you wrote the tax law, you could say "let's tax everyone but me" But if everyone writes the tax law together, nobody will let you exempt yourself, and you won't let them exempt themselves. Like some kind of law-making standoff.

Holy crap, this means that the Golden Rule is still a relevant ethical precept! Who knew?

Re: Was it wrong to hack and leak the Panama Papers?

#62

Earlier quoted context omitted.

Crime and Punishment is a thick book, there must be a Reader's Digest version somewhere. Try it.

The poster you are responding to is making a utilitarian moral argument. You are referencing a novel that explores the a common source of crime (poverty) and the chain of events that follows. I don't see the connection. :-S

argument, meet counterexample

Re: Was it wrong to hack and leak the Panama Papers?

#63
post #21

Slowly but surely, I'm coming to the position that "hacking and leaking" is never "wrong". It's a form of speech, and I'm a free speech absolutist. Let's stipulate that some things are illegal and not "wrong", just as others are legal and "wrong". It's not clear to me, however, that this case actually is a hack, in the sense that whoever released this material might have had legitimate access to it as a part of doing…

Are you suggesting that speech can't be "wrong"?

Close, but it's more like the threshold for "wrong" is much higher than most people care to admit. The methods that many very wealthy people use to reduce their tax burden should be common knowledge in society as a whole, not merely among the very wealthy. In that way, such knowledge will inform robust and honest debate about taxes in general. So much political discourse is piloted by well-compensated media gatekeepers, for the benefit of those who compensate them rather than for the general public. We should cherish those rare instances in which the curtain is pulled aside so we may see how things really work. The schoolboy legalism seen in TFA amounts to obscurantist sophistry, based on nothing more profound than simple analogy.

BTW, thanks for a reasonable and incisive response.

Re: Was it wrong to hack and leak the Panama Papers?

#64

Furthermore most of those individuals probably did nothing illegal, but rather they were trying to minimize their tax burden through (mostly) legal shell corporations. I've looked into offshore banking and shell companies and the like a bit over the years. I'm not sure why; I guess I just have a fascination with business and finance. My conclusion has long been that, for an individual who intends to comply with the l…

Don't you only become liable to pay the tax when you repatriate the money? So perhaps you can spend it outside the US with impunity?

You are correct that a legitimate corporation will not be taxed on the money unless and until it is repatriated, but that doesn't help an (honest) individual; it only helps multinational corporations.

For every country (3) where I have filed taxes, you are liable for individual taxes as soon as you earn the income. So, in the case of a legitimate business, as soon as you pay yourself a salary or other benefit (perhaps, buy yourself a yacht; really, anything that is not a clear business expense). It doesn't matter where in the world you earn the income or spend it; you are taxed on your worldwide income.

However, to take it a step further, the IRS doesn't really recognize personal holding companies as legitimate businesses for tax purposes. You are liable to pay tax on any investment income as though it were personal income even if you leave it in the company name. Again, it doesn't matter where in the world the holding company is.

Re: Was it wrong to hack and leak the Panama Papers?

#65
post #12

>Yet somehow many of us approve when the victims are wealthy and higher status, as is the case with the Panama Papers. Furthermore most of those individuals probably did nothing illegal, but rather they were trying to minimize their tax burden through (mostly) legal shell corporations. This is a scary thing that has been building over the last 10 years. Wealthy people are vilified for being wealthy even when they pla…

The analogy I use is how people go shopping in a neighboring state for lower sales taxes, or buy a house in an inconvenient place for lower property taxes. Wealthier people are doing the same thing. People get angry more so because they don't get the privilege to participate in those advantages. While simultaneously taking advantage of what they can.

The difference is that at one end of the spectrum people are taking advantages so that they can eat tonight, and the other end is taking advantages so that they can have a few million dollars more this quarter than last.

Re: Was it wrong to hack and leak the Panama Papers?

#66
post #12

>Yet somehow many of us approve when the victims are wealthy and higher status, as is the case with the Panama Papers. Furthermore most of those individuals probably did nothing illegal, but rather they were trying to minimize their tax burden through (mostly) legal shell corporations. This is a scary thing that has been building over the last 10 years. Wealthy people are vilified for being wealthy even when they pla…

The analogy I use is how people go shopping in a neighboring state for lower sales taxes, or buy a house in an inconvenient place for lower property taxes. Wealthier people are doing the same thing. People get angry more so because they don't get the privilege to participate in those advantages. While simultaneously taking advantage of what they can.

Well, this picture is from Finland (a country with very small differences in incomes): http://hs10.snstatic.fi/webkuva/taysi/630/1460170330858?ts=5...

Y-scale is the taxes paid

X-scale is the income

As you can see... people in middle class and lower play by the rules almost perfectly. Now the richest don't play anymore. There are those that play by the rules, but a lot of those that don't.

Finland has a progressive income tax.

So let's stop the bullshit that everything does it. This picture shows it clearly that only the richest are the assholes (in meaningful way).

Re: Was it wrong to hack and leak the Panama Papers?

#67
post #66

Earlier quoted context omitted.

The analogy I use is how people go shopping in a neighboring state for lower sales taxes, or buy a house in an inconvenient place for lower property taxes. Wealthier people are doing the same thing. People get angry more so because they don't get the privilege to participate in those advantages. While simultaneously taking advantage of what they can.

Well, this picture is from Finland (a country with very small differences in incomes): http://hs10.snstatic.fi/webkuva/taysi/630/1460170330858?ts=5... Y-scale is the taxes paid X-scale is the income As you can see... people in middle class and lower play by the rules almost perfectly. Now the richest don't play anymore. There are those that play by the rules, but a lot of those that don't. Finland has a progressive i…

And then there are jurisdictions that fund themselves primarily from offering incorporation services, instead of levying an income tax at all.

The state needs to make better rules, obviously passive taxation has pitiful compliance outcomes.

Re: Was it wrong to hack and leak the Panama Papers?

#68
post #57

It's quite simple. It's never wrong to reveal facts. It's always right to reveal facts. It's always wrong to hide facts.

I don't believe it is quite that simple. Suppose you're a gay man living in Yemen. I do not accept any definition of "right" or morality that would compel me to disclose that information.

I didn't stipulate how to disclose it, only that the right thing is to disclose it. I doubt you'd suggest the person should live in denial and/or not fight for his rights in some manner. Disclosing things doesn't necessarily include stupidly getting oneself killed by revealing them in a poor manner, i.e. inappropriately or unskillfully. After all, that would hardly do a good job of revealing the fact it's his right to have his own sexual preference, wouldn't you say? The important question is how to do things, not what to do. Given this, would you agree now?

Re: Was it wrong to hack and leak the Panama Papers?

#69
post #28

Earlier quoted context omitted.

> Slowly but surely, I'm coming to the position that "hacking and leaking" is never "wrong". It's a form of speech, and I'm a free speech absolutist. Wow, a "free speech absolutist". How absolute? So if I am a voyeur, poke a camera through your window and put it on the Internet that's OK per my free speech rights? I break into your bank's website and leak all the usernames and passwords -- I can be prosecuted for the…

"Poking a camera through your window" is "hacking" now? Wow! Sure, I would prefer that you not do that, or indeed that you not physically trespass in any way. A more interesting hypothetical would be for thousands of homeowners to install a bunch of IP cameras in their homes, and for you to hack those without the benefit of physical trespass. I don't think you'd have much of a leg to stand on if you were to publish J…

>. I don't think you'd have much of a leg to stand on if you were to publish John and Jane Doe's humdrum bedroom activities.

Stand on against what? You seem to be arguing that it should be perfectly OK to do exactly that.

Re: Was it wrong to hack and leak the Panama Papers?

#70

Earlier quoted context omitted.

Crime and Punishment is a thick book, there must be a Reader's Digest version somewhere. Try it.

The poster you are responding to is making a utilitarian moral argument. You are referencing a novel that explores the a common source of crime (poverty) and the chain of events that follows. I don't see the connection. :-S

The novel that I am referencing explores the possibility of justifying the crime by good intentions. I think there is a bit of connection there.

(spoiler alert - this utilitarian moral argument didn't work too well for Rodion)

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