BAD IDEA –
Being at all surprised about rich people not wanting to pay taxes. I am of course refereeing to the infamous Panama Papers leak which happened over the weekend. Countless gigabytes of financial records released upon the web. The mots powerful people in the world are using tax havens to save money, shifting funds around to keep themselves from paying any more taxes than absolutely necessary!
This allegedly prevents valuable tax dollars from being used by the governments of various nations for things from healthcare to education and civic infrastructure.
People everywhere are outraged! Outraged. Because people are hypocrites. Why do we get RRSPs … the idea of saving for the future is part of it, but EVERY financial advisor will suggest to get RRSPs to save on taxes. Why do you neglect to report odd bits of income or choose to get paid in cash? To save taxes. Why do you get your buddy to do contracting stuff around the house for cash? To save money on taxes!
Everyone everywhere regardless of income will do what they can to save money. WE like having money to do things. We see half our cheques disappear every two weeks to taxes, when we can save a bit we do, and whether you’re making thirty grand or thirty million the methodology is the same.
You can sit there and be made that the elite 1% aren’t paying their fair share of taxes, but they’re doing exactly what you would do and are doing, taking advantage of every opportunity to save money.