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View Diary: Leak of Identities & Emails of Rich Hiding *$32 Trillion* Offshore (240 comments)

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  •  velocity of money (1+ / 0-)
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    elwior

    It would get that money moving back in the economy, which would be more important than a one-shot windfall tax assessment.

    And if the money's moving in the economy, the recession ends.

    •  Again, I don't really get this (1+ / 0-)
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      VClib

      Basically, in my understanding,  a taxable event only occurs if a private entity initiates a taxable transaction of some sort.

      So, if the taxation rates on the "taxable transaction" are really high, it would seem to me that  that alone would put a damper on the aforementioned activity from occurring.

      Basically, I don't have any real insight into this, except to observe that that "real life" occurs in various shades of gray, not the black and white scenarios that many like to rant about on internet web sites . ..

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