Hidden Assets 0
The Guardian reports that the amount of money hidden in places like the Cayman Islands (aka Romney’s Reward) exceeds the combined GDP of Japan and the United States. A snippet:
(snip)
“These estimates reveal a staggering failure: inequality is much, much worse than official statistics show, but politicians are still relying on trickle-down to transfer wealth to poorer people,” said John Christensen of the Tax Justice Network. “People on the street have no illusions about how unfair the situation has become.”
It’s not the Laffer Curve.
It’s the looter’s curve,
