HOW GOVERNMENT IS INCREASING THE MISERY OF THE POOR
Grand Cayman. Government is supposed to make life better for people — particularly the poor — but the U.S. and European governments are increasing the misery of the poor.
In the popular culture, Cayman is viewed as place were tax evaders and money launderers put their wealth. The truth is quite different in that most money laundering takes place in the big financial centers like London and New York, not Cayman.
For many years, Cayman has had information exchange agreements with the Internal Revenue Service and U.S. Treasury and the major European governments — so one would be very foolish to put money in a Cayman bank with the intent of not getting caught for tax evasion or money laundering.
Cayman is a high-income jurisdiction as a result of having a prosperous financial sector (having nothing to do with illegal activity), a vibrant tourist industry, and an increasingly diversified economy.
It also provides a good example of how the US government in collusion with others is increasing the misery of the poor in countries around the world.


