General Discussion

cherokeeprogressive

(24,853 posts)

3. I don't understand. . .

Wed Sep 19, 2012, 08:01 PM

Sep 2012

From your link:

"Turns out the super rich are even richer than we thought. According to new research by economist James Henry, there was a conservatively estimated $21 to $32 trillion being held in private offshore tax havens in 2010.

As if this wasn't already a large number, the $21 trillion is held by 100 million people, while $9.8 trillion is held by just 100,000 people."

Is the author saying that roughly 1 in 3 people in the US hold offshore accounts totalling $21 trillion dollars?

http://www.businessinsider.com/insanely-rich-tax-evaders-have-hidden-over-21-trillion-in-offshore-accounts-2012-7#ixzz26xmFlSEc

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Insanely Rich Tax Cheats Hid Over $21 Trillion In Offshore Accounts [View all] Viva_Daddy Sep 2012 OP

Is it illegal? SickOfTheOnePct Sep 2012 #1

Problem is that the people responsible for prosecuting and changing the laws are in on the thieft.nm rhett o rick Sep 2012 #2

I don't understand. . . cherokeeprogressive Sep 2012 #3

Does the article specify Americans or is that all off shore account holders? TalkingDog Sep 2012 #5

(a) Business Insider is wrong - it's 10 million people, not 100m; (b) it's across the whole world muriel_volestrangler Sep 2012 #8

Moochers. moondust Sep 2012 #4

That money would balance the budget. sarcasmo Sep 2012 #6

This really pisses me off because... Viva_Daddy Sep 2012 #7

Tax Evaders = Traitors B Calm Sep 2012 #9