Wealthy of the World, Unite — and Party!

[marmar]

from Too Much: A Commentary on Excess and Inequality:



Wealthy of the World, Unite — and Party!
May 6, 2012

[font color="red"]From Manhattan to Monaco, the world’s super rich are fashioning themselves into a new global tribe of footloose and stateless. The rest of us get to gawk — and foot the ultimate bill.[/font]

By Sam Pizzigati


Back in 1863, in the middle of the Civil War, a short story took the American reading public by storm. Edward Everett Hale’s “The Man Without a Country” told the tale of a poor treasonous soul sentenced to spend the rest of his life endlessly sailing the seven seas, in perpetual exile, as a prisoner aboard Navy warships.

How sad, sighed 19th-century Americans.

How quaint, muse many of our 21st-century super rich. These awesomely affluent simply do not see statelessness as a penalty. They see statelessness as a goal.

And the ranks of our contemporary “men without a country” are increasing. The number of Americans who’ve formally renounced their U.S. citizenship has jumped by over seven-fold, from 235 in 2008 to 1,780 last year. .....................(more)

The complete piece is at: http://toomuchonline.org/our-stateless-super-rich/

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1. Du rec. Nt

[JDPriestly]

2. My first thought when Hollande was elected is that now the international

community will go after tax havens and similar gimmicks. The developed countries will find a way to do this.