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. #61
    Educator OnWisconsin's Avatar
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    Re: Is it Patriotic to have money in offshore accounts?

    I think some of you are missing the point. The point isn't that he should not be allowed to have offshore accounts, but rather that he is doing this to avoid paying taxes on money that he made by the grace of working and profiting from the US system. He made his money here, he should pay taxes on that money. Most of if not all of his money is already being taxed at a lower rate than what you and I pay in taxes, yet he wants to offshore it so he pays NO taxes? Seems a little wrong to me, and for someone aspiring to hold the highest position in office it seems a little unpatriotic.

    Just my two cents.
    Am I not destroying my enemies when I make friends of them?
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    Before the war is ended, the war party assumes the divine right to denounce and silence all opposition to war as unpatriotic and cowardly.
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    God, how patient are Thy poor! These corporations and masters of manipulation in finance heaping up great fortunes by a system of legalized extortion,
    and then exacting from the contributors--to whom a little means so much--a double share to guard the treasure!
    - Robert M. LaFollette, Wisconsin Governor and U.S. Senator

  2. #62
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    Re: Is it Patriotic to have money in offshore accounts?

    Quote Originally Posted by Camlon View Post
    Maybe longer, but certainly not harder. The ones who work long hours in Greece are self employed. They are pretty much sitting in the store waiting for customers.

    Lets rather look at dependent employment, the ones who are employed by an employer. Because sitting at a store waiting for customers is not much work. And multiply that number with work participation. When we do that, Greece is far from being at the top. If we include breaks, and unproductive work. I am sure Greece ends up close to the bottom.

    Greeks are lazy, and yes they are way too dependent on the government. The government spends 50% of GDP which is at Scandinavian/french levels. A lot of welfare in Greece is middle class welfare, who they want someone else to provide.

    I'd like for you to post the sourcs for your table and for the assertion that Greece spoent 50% of GDP. And spends it on what?
    “The people do no want virtue; but they are the dupes of pretended patriots” : Elbridge Gerry of Mass; Constitutional Convention 1787

  3. #63
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    Re: Is it Patriotic to have money in offshore accounts?

    Quote Originally Posted by megaprogman View Post
    Off shore accounts and patriotism have nothing to do with each other.
    Patriotism, devotion to one's country and it's leaders. And Romney's is one of the leaders demonstrating the the correct way to behave.

  4. #64
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    Re: Is it Patriotic to have money in offshore accounts?

    How about offshore businesses? Many large corperations do things like selling their rights to their logos to another company. The other company is only madeup of the leaders of the corperation plus one foriegn empolyee. The company is essentially based in a PO box. The logo owner company is a foriegn company based often in the Cribian Islands. Rent for the logo is in the millions per year. Who would do this? The people that privide jobs for Americans, they are real patriots.

  5. #65
    Educator OnWisconsin's Avatar
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    Re: Is it Patriotic to have money in offshore accounts?

    Quote Originally Posted by OhIsee.Then View Post
    How about offshore businesses? Many large corperations do things like selling their rights to their logos to another company. The other company is only madeup of the leaders of the corperation plus one foriegn empolyee. The company is essentially based in a PO box. The logo owner company is a foriegn company based often in the Cribian Islands. Rent for the logo is in the millions per year. Who would do this? The people that privide jobs for Americans, they are real patriots.
    Big difference between selling something to foreign companies and stashing money in foreign banks to avoid US taxes.
    Am I not destroying my enemies when I make friends of them?
    - Abraham Lincoln

    Before the war is ended, the war party assumes the divine right to denounce and silence all opposition to war as unpatriotic and cowardly.
    - Robert M. LaFollette, Wisconsin Governor and U.S. Senator

    God, how patient are Thy poor! These corporations and masters of manipulation in finance heaping up great fortunes by a system of legalized extortion,
    and then exacting from the contributors--to whom a little means so much--a double share to guard the treasure!
    - Robert M. LaFollette, Wisconsin Governor and U.S. Senator

  6. #66
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    Re: Is it Patriotic to have money in offshore accounts?

    Quote Originally Posted by Daktoria View Post
    Fiddy, c'mon. Use some reading comprehension, will you?

    It's like saying there are kids in gym class who screw up in playing baseball because they're forced to play baseball without being taught the rules. He doesn't want kids to be forced to play baseball anymore without being taught.

    That's why he says, "Pick a rate and make people pay it." If everyone knows the rules of the game, then nobody can cheat.

    Seems patriotic enough. It's easy to be a fan of a game when you understand how it's played. Senator Graham is basically hinting at a flat tax or fair tax.
    Are we in disagreement somehow, because I don't sense it, except I would remove patriotism from the discussion entirely.
    Michael J Petrilli-"Is School Choice Enough?"-A response to the recent timidity of American conservatives toward education reform. https://nationalaffairs.com/publicat...-choice-enough

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

    Quote Originally Posted by OnWisconsin View Post
    I didn't put words in anyone's mouth. I was simply asking the question that I wanted answered. And just for the record, I voted "Yes it is perfectly fine"
    Oh, stop. You know what you did.
    Michael J Petrilli-"Is School Choice Enough?"-A response to the recent timidity of American conservatives toward education reform. https://nationalaffairs.com/publicat...-choice-enough

  8. #68
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    Re: Is it Patriotic to have money in offshore accounts?

    Quote Originally Posted by jet57 View Post
    I'd like for you to post the sourcs for your table and for the assertion that Greece spoent 50% of GDP. And spends it on what?
    Sure:

    Work Hours
    Go to OECD stats, check Labour and Average hours actually worked, and check dependent employment.

    Employment Rate:
    List of countries by employment rate - Wikipedia, the free encyclopedia

    Government expenditure by function
    Go to OECD stats check Annual National Accounts, and General Government expenditure by function

    Government spending as a percentage of GDP
    Go to OECD stats, check National Accounts at a Glance, General Government.

    But I have feeling that you are going to check none of the sources, and are not really interested. Am I right?
    Last edited by Camlon; 07-11-12 at 07:32 PM.

  9. #69
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    Re: Is it Patriotic to have money in offshore accounts?

    You should have had a neutral choice. It's neither patriotic nor unpatriotic. Someone might have an offshore account for a crooked reason or a legitimate one. I used to have a Swiss bank account. I was living in Switzerland and needed it.

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

    Quote Originally Posted by OnWisconsin View Post
    I think some of you are missing the point. The point isn't that he should not be allowed to have offshore accounts, but rather that he is doing this to avoid paying taxes on money that he made by the grace of working and profiting from the US system. He made his money here, he should pay taxes on that money. Most of if not all of his money is already being taxed at a lower rate than what you and I pay in taxes, yet he wants to offshore it so he pays NO taxes? Seems a little wrong to me, and for someone aspiring to hold the highest position in office it seems a little unpatriotic.

    Just my two cents.
    It might be wrong from a liberal or progressive standpoint, but he doesn't share the same view of taxes as you do, so relative to his own perspective, his actions wouldn't be unpatriotic. If he does have offshore accounts because of the lower taxes, it's likely that he wants the United States to have similarly lower taxes and will attempt to make that happen while in office. It's similar to a situation where the school superintendent of a horrible public school system sends his kids to private schools while he tries to improve the current system. It's not that he's disloyal to his school system, but that he doesn't believe that the school system, which he is trying to improve, is at the standard it needs to be.

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