[lbo-talk] Fed kicks it up another quarter

John Mage jmage at panix.com
Fri Sep 23 13:24:25 PDT 2005


Doug wrote:

> The official numbers do more or less add up...

isn't that what they always do? that's why dog invented residuals.

> By the way, since tax rates are lower and regulation is looser today

> compared with the 1970s, there's less incentive to be offshore.

the really rich have a long view, and they have (since the early 20th century) come to appreciate the virtues of hiding their wealth and hiding themselves. but, i agree, once you've said that there's not much more you can say. you or i are not going to find what has been brilliantly disguised by people with resources (and incentives) so much stronger than ours. all i urge you to do is give a generous estimate of offshore wealth as a caveat before you get into the official numbers.

john mage



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