View Poll Results: Is it patriotic to have money if offshore accounts?

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  • Yes it is perfectly fine.

    17 54.84%
  • No it is wrong, and unpatriotic.

    14 45.16%
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Thread: Is it Patriotic to have money in offshore accounts?

  1. #41
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    Re: Is it Patriotic to have money in offshore accounts?

    Quote Originally Posted by haymarket View Post
    The attitude that comes across loud and clear here from many is take care of number one no matter who gets screwed in the process. And if that is your country or your fellow countrymen, too bad because you are slicker and craftier than they are.

    And we wonder why America has problems?
    Why is doing something legal screwing your country and fellow countrymen? I would say trying to call someone unpatriotic for abiding by the law as trying to screw your fellow countryman. If you really think this is abhorrent call/write your politicians and try to get the rules changed.
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    Re: Is it Patriotic to have money in offshore accounts?

    Quote Originally Posted by tessaesque View Post
    Who is intentionally and maliciously screwed over by somebody investing money in overseas/off-shore accounts?
    Is it possible that somebody overseas/off-shore might benefit from that investment?
    Would the "screwed over" party and the benefiting party cancel one another out, or is the one here at home infinitely more important than the one overseas?
    Investing in foreign businesses deprives American businesses of investment... which deprives them of capital .... which deprives them of creating jobs .... which deprives people of those jobs .... which deprives the nation from the taxes from those jobs.

    Simply putting your money in foreign mechanisms of any type to avoid payment of US taxes deprives the United States people of those resources.

    Sorry, but I am now and always have been an American. That is my priority. And I want my president to make America and the American people his priority also.
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  3. #43
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    Re: Is it Patriotic to have money in offshore accounts?

    Quote Originally Posted by Quag View Post
    Why is doing something legal screwing your country and fellow countrymen? I would say trying to call someone unpatriotic for abiding by the law as trying to screw your fellow countryman. If you really think this is abhorrent call/write your politicians and try to get the rules changed.
    You are confusing legality for an individual with what is good for America and its people.
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  4. #44
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    Re: Is it Patriotic to have money in offshore accounts?

    Quote Originally Posted by haymarket View Post
    Investing in foreign businesses deprives American businesses of investment... which deprives them of capital .... which deprives them of creating jobs .... which deprives people of those jobs .... which deprives the nation from the taxes from those jobs.

    Simply putting your money in foreign mechanisms of any type to avoid payment of US taxes deprives the United States people of those resources.

    Sorry, but I am now and always have been an American. That is my priority. And I want my president to make America and the American people his priority also.
    Well, you are overlooking a couple of things.

    1-Offshore accounts can be used to invest in the U.S.

    2-Smart investors will invest in offshore anyways, because it is in their interest. If the government doesn't get its act together, it is the government's fault for driving our capital and not the investor.

    As for the "common good", the government is sending it to hell and has been for decades.
    "I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money." -Thomas Sowell

  5. #45
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    Re: Is it Patriotic to have money in offshore accounts?

    Quote Originally Posted by Bigfoot 88 View Post
    The spirit of Greece is: Give me my entitlements or I burn the city!
    Avoiding taxes in Greece is the national sport...some homeowners claim incomes less than they pay their pool service, and the Greek govt doesn't seem to have the accouting capabilities to prove otherwise...
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    Re: Is it Patriotic to have money in offshore accounts?

    Quote Originally Posted by Bigfoot 88 View Post
    The spirit of Greece is: Give me my entitlements or I burn the city!
    LOL far far from it. That is what your right wing media wants you to think.

    The reality is that in Greece.. tax avoidance has been a national sport since when they were under Turkish Ottoman rule.
    PeteEU

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    Re: Is it Patriotic to have money in offshore accounts?

    Quote Originally Posted by UtahBill View Post
    Avoiding taxes in Greece is the national sport...some homeowners claim incomes less than they pay their pool service, and the Greek govt doesn't seem to have the accouting capabilities to prove otherwise...
    I don't blame them. Greece is a cesspool. It is a high tax, big entitlement state that is an anathema to liberty and prosperity.
    "I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money." -Thomas Sowell

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    Re: Is it Patriotic to have money in offshore accounts?

    Quote Originally Posted by UtahBill View Post
    Avoiding taxes in Greece is the national sport...some homeowners claim incomes less than they pay their pool service, and the Greek govt doesn't seem to have the accouting capabilities to prove otherwise...
    Greece has one of the highest amount of yachts that are "company owned".. why? Because to avoid taxes, people claim that their boats are a business. Of course it is nothing but a pleasure craft but the tax man can prove otherwise. Just one of the many different tax scams that have driven the Greek economy to the brink and over. No different than what the GOP is advocating by pushing for lower taxes and allowing the rich to avoid taxes all together. When will Romney release his full tax records? What has he got to hide.. a few hundred million in tax havens maybe? Maybe he aint even that rich... well on paper to the IRS, and has hidden most of his fortune overseas?
    PeteEU

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    Re: Is it Patriotic to have money in offshore accounts?

    Quote Originally Posted by OnWisconsin View Post
    The question is if you think it is patriotic for anyone running for president to have money in offshore accounts?
    I think it's necessary when you have Socialists screaming for your financial head. Bring it all back when Capitalism has been safely restored.
    Last edited by lunchbox; 07-11-12 at 12:07 PM.

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    Re: Is it Patriotic to have money in offshore accounts?

    Quote Originally Posted by Bigfoot 88 View Post
    I don't blame them. Greece is a cesspool. It is a high tax, big entitlement state that is an anathema to liberty and prosperity.
    More right wing horse****. The Greek people work harder and longer than Americans. They pay relatively low taxes and their "entitlements" are rather poor compared to many other countries. Their problem is lack of tax collection and corruption. Using the tired and debunked "high tax, big entitlement state" crap is just that... crap and does not reflect reality.
    PeteEU

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