Liquid Capital

Britain’s richest man, the Brexit supporter Sir Jim Ratcliffe, and two of his key lieutenants at chemicals firm Ineos have reportedly been planning to save up to £4bn in tax after moving to Monaco. The company, which is valued at about £35bn, is working with tax experts at PricewaterhouseCoopers (PwC) to create a new structure for the business to dramatically reduce the tax paid on its global revenues, according to the Sunday Times.

Yeah, the plan to tax these folks at 70% will totally work. Back in 1958.

I understand Bernie is not a spring chicken and hasn’t realized that the world has moved on and capitalism entered into a different stage a few decades ago. But what’s the excuse of the younger people who are proposing this? How is it humanly possible to be so thick that you can’t make the connection between the technological revolution that gave you the entirety of your political popularity and the way that the economy was reshaped by those same forces?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.