As Much As $32 Trillion are Offshore [General] - MarketTicker Forums


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User Info	As Much As $32 Trillion are Offshore in forum [General]
Connieg Posts: 860 Incept: 2008-06-08 Houston, TX	http://www.bloomberg.com/news/2012-07-22.... I am not sure what to make of this number and it's increase in the last 7 years from 11.5 trillion. Should it be taxable? By whom? Is this money working, aka contributing to the world GDP? ---------- "Go long...something" Me 2012-07-22 17:36:04 Permalink
Resistance Posts: 6162 Incept: 2008-09-26 Banned	Well the FED pumped $20+ trillion into the system to keep it from collapsing, so... ---------- "Why must political experiments always be in the direction of more government? Why not give the free market a county or even a state or two, and see what it can accomplish?"Murray Rothbard - The Fallacy of the Public Sector 2012-07-22 17:45:14 From PDA Permalink
Grashopa Posts: 2618 Incept: 2009-02-03	If I have an overseas business why should that business pay taxes in the US? You want me to invest in the US? Then lower the cost to do so. Not sure why you call the money untaxed as well. ---------- Theft is evil 2012-07-23 00:02:31 Permalink
Flappingeagle Posts: 1227 Incept: 2011-04-14	I have to wonder at just how much of that money is really overseas versus just the bank that has it on its books is overseas. If I have a billion in a swiss bank is that money sitting in Switzerland or, has the bank deployed the money around the world so that they can pay me interest. Mostly this money is in financial paper and thus can evaporate like a summer morning fog. Flap ---------- Here are my predictions for everyone to see: S&P 500 at 320, DOW at 2200, Gold $300/oz, and Corn $2/bu. "You can't build a house of cards on a shaking table." - Tony Johns The January 2015 AMZN put at $130 (cost $4.25) will be a winner. 2012-07-23 07:35:32 Permalink
Mayorquimby Posts: 13909 Incept: 2008-09-18 The Archaic Past	Yeah - well it 'aint M1! ---------- They who wish to hurt you, work within the law. - Morrissey Gold is theft. 2012-07-23 09:09:24 Permalink