THE SCAM OF THE SCOURGE AT THE G-8
There is an all-too-common tendency for humans (particularly members of the political class) to blame or scapegoat others when they bungle their jobs.
We are now being treated to the meeting of the Group of Eight that ended today (6/18) in Northern Ireland - where the "leaders" of eight major countries are looking for excuses for why they have made such a mess of their own economies.
Rather than acknowledge that the reason for such poor performance is excessive government spending, taxation and regulation, members of the G-8 are blaming their ills on lower-tax jurisdictions, which they pejoratively label "tax havens," and "the scourge of tax evasion."
If the G-8 had responsible leaders, the group's summit would have as an agenda item, "Ways to downsize government." Instead, their agenda includes how to increase tax revenue by going after jurisdictions with low tax rates. They disguise this scam by using the phrases "increasing tax-base harmonization," "tax information sharing," and "tax transparency."
