91–98 of 98 posts
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we cant accurately enough guess how these boutique wealth management firms do their thing... but we could pay them to do the guessing for us.
>we could pay them to do the guessing for us. No we can’t. Their clients would drop them with prejudice if they even suggested serving commoners.
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The outlash against oligarchs has almost nothing to do with tax dodging. If anything they pay many thousand times more than they consume in public services (they're not even in London the whole year and the property tax alone on one penthouse is probably more than the average person pays in taxes in a decade). It is more about sanctions right now than anything. This paper promotes the "facilitators" idea that if we c…
Property tax in London? You mean ... council tax? For a penthouse in the City - 2,194 pa. There is a one time sales tax (stamp duty) but that's not what you mean I think. Oligarchs owning property in London are not forced to contribute to the London coffers .... not at all https://www.cityoflondon.gov.uk/services/council-tax/council...
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Except you're focusing on the wrong part of the problem here. Most oligarchs are building huge wealth not only so that they can control their own existence without any interference but also so that their children will be able to enjoy that multi-generational wealth. They want to be seen as dynasty builders. The solution should be to eat their children instead so that, for them, we have removed the incentive to hold s…
This was a beautiful rant, can I use parts of it in a VtM game?
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100%. Elites are allowed to do "money laundering" while commoners are put in jail for it. FinCen exists to put commoners in jail, for the same things the Elites can do without going to jail. The Elites use Shell Companies to do the same tactics. The following have FinCen put commoners in jail, but elites move money the same way via Shell companies and stay out of jail: 1) Breaking up transactions, to hide total amoun…
From your comment, shell companies look like some magical protective gear. Are they that expensive to set up? I think a discerning commoner could consider doing so if the amount of money is enough to certainly trigger AML.
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Except you're focusing on the wrong part of the problem here. Most oligarchs are building huge wealth not only so that they can control their own existence without any interference but also so that their children will be able to enjoy that multi-generational wealth. They want to be seen as dynasty builders. The solution should be to eat their children instead so that, for them, we have removed the incentive to hold s…
This was a beautiful rant, can I use parts of it in a VtM game?
There are other things that one can do, but there's a lot of record keeping and expense so you have to make enough money to make it worth it.
But just owning a company is a fantastic tax break by itself. You get to write off all kinds of things as an expense as long as it is for business purposes.
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Property tax in London? You mean ... council tax? For a penthouse in the City - 2,194 pa. There is a one time sales tax (stamp duty) but that's not what you mean I think. Oligarchs owning property in London are not forced to contribute to the London coffers .... not at all https://www.cityoflondon.gov.uk/services/council-tax/council...
So... I am supposed to believe that ultra high income people that are known to engage in a high degree of conspicuous consumption while using minimal government services contribute nothing to the budget? They don't pay way more in VAT than the average person? They don't create any construction employment that in turn is taxed? I'm not saying they're good people or anything but if anything it seems like their obvious…
Yachts are useful for that.