Sunday, January 19, 2014

What if the Income Tax Is All About Envy?

"Envy is the core emotion driving the current debate about income inequality and the notion that the poor are poor because the rich are ricH. In other words, even if a rising tide lifts all boats, the relative size of everybody’s boat still matters. If some boats are much bigger than others, then a society is vulnerable to political instability.

Switzerland is reportedly investigating at least one Swiss banker -- Renzo Gadola -- ensnared in the U.S. criminal initiative who is cooperating with the U.S.  See Rachel Bade, Switzerland probing banker who is helping U.S. tax investigations(Politico 1/14/14), Swiss Quixotic Efforts to Close the Barn Door After the Horse Has Left the Barn