Tag: tax havens

Tax Flight Is a Myth

Tina Marie (Ms. Cat)

Tax Flight Is a Myth

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Dispelling the Myth of Tax-Induced Capital Flight

A study by the American Sociological Association in 2016 found that while massive top rate tax hikes might cause some millionaires to move from their high-tax state to a low-tax state, the amount of them doing so for this reason was negligible. Millionaires moved for tax purposes around 2.2% of the time. Indeed, in any event the rate of inter-state migration generally was lower for millionaires, at 2.4%, than it was for the general population, at 2.9%.

Debunking the Myth of the Fleeing Millionaire

Sheila Bair, Former Chair of the FDIC, Is Now an “Organizer/Director” of a Cayman Islands Crypto Company that Got a U.S. National Bank Charter Last Year

Tina Marie (Ms. Cat)1 Comment

On November 17, Sheila Bair, the former Chair of the Federal Deposit Insurance Corporation (FDIC) during the financial crisis of 2008, went on CNBC to lament the lack of controls leading to the collapse of the crypto currency exchange, FTX. During the interview, Bair used the phrase “nobody looking behind the curtain.”

Sheila Bair, Former Chair of the FDIC, Is Now an “Organizer/Director” of a Cayman Islands Crypto Company that Got a U.S. National Bank Charter Last Year

Related (why no one was prosecuted for the financial crisis of 2007–2008 + another comment):

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When Will the Stars Shine Again in Burkina Faso?

Tina Marie (Ms. Cat)

When Will the Stars Shine Again in Burkina Faso?

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War is a plague! My country might disappear! I tell you, war is not a solution! War has no friends nor allies, and there are no real enemies. All people are suffering from this war: Burkina, Ivory Coast… everyone! War rages everywhere in Africa, especially in the North and in the Center of Mali. Hey African people, War is not a solution! War is not a good thing, my poor Malian people. If we are not able to make peace, the whole world will laugh at us. Ageloc, Timbuktu, Kidal War has never built anything; it destroys all that it finds. My country might disappear in a war and its betrayals! War is in Timbuktu, war is everywhere in Mali… Let’s avoid war because it has never built anything.

Oumou Sangaré – Kêlê Magni (Acoustic Version)

A Face Search Engine Anyone Can Use Is Alarmingly Accurate

Tina Marie (Ms. Cat)

PimEyes is a paid service that finds photos of a person from across the internet, including some the person may not want exposed. “We’re just a tool provider,” its owner said.

A Face Search Engine Anyone Can Use Is Alarmingly Accurate

Related:

A Polish company is abolishing our anonymity:

An investigation by netzpolitik.org shows the potential for abuse of PimEyes, a free search engine for 900 million faces. Whoever’s photos have been published on the Internet could already be part of their database.