This attitude of seeing people as tax revenue sources rather than productive elements of an economy is exactly what kills economies. Attempting to tax income of non-residents is no different than trying to prey upon the most productive 1% of our own citizens, where people blithely accept that 1% of the population shouldn't complain about paying 40% of the taxes. In both cases, it is democracy as tyranny — a majority voting to take something away from a minority that stands no chance of voting protection for itself. Remember: “democracy” was a curse word to the founding fathers, and it was our “republican” form of government that was supposed to protect the individual from the tyranny of the majority.
“.....where people blithely accept that 1% of the population shouldn’t complain about paying 40% of the taxes”
IMO, thats how we’ve wound up with an oligarchy...and 25yrs of Bush/Clinton dynasty....That 1% owns the government..that the rest of the country sold to them...
No. A tax haven, in the traditional sense, is a place where not much more than a post office box allows you to earn money off of investments in that place. Investments are specifically exempt in the legislation.