It’s also worth noting that the author is affiliated with a company based in Bermuda. So it doesn’t feel like it comes from a legitimate institute. For all i know this was vibe-written by an AI in an afternoon.
As the top tax rates fell, from 90% in 1950 to under 40% now - the use of tax shelters increased. So unless your “comes a time” is referencing pre 1915 USA, this isn’t a valid justification.
If inflation is the issue, keep your money in a different currency.
I just don’t see actions from the very rich (the ones using tax shelters) that back up your justifications.
I think it’s simply the collapse of any kind of cohesion between the wealthy and the nation in which they live. Or put another way: I’m rich, i shouldn’t have to pay for stuff i don’t use!
They evade taxes for financial reasons, not moral reasons.
In 2014, One Communications Ltd. began a series of strategic mergers and acquisitions in order to position itself competitively in an industry driven by technological change. The Company acquired internet, cellular and cable television companies in both Bermuda and the Cayman Islands. These transactions have transformed One Communications Ltd. into a robust triple-play service provider with the networks and data access infrastructures needed to meet the demands of ever-growing bandwidth consumption. Through its operating subsidiaries, the Company is positioned as the leading full-service telecommunications provider for corporate and residential customers in both Bermuda and Cayman.
The operating subsidiaries of One Communications Ltd. are Logic Communications Ltd. (trading as One Communications), Bermuda Digital Communications Ltd. (trading as One Communications), Cable Co. Ltd., and WestTel Limited in the Cayman Islands (trading as Logic)."
Why not discuss the contents of the draft and why it's awful. The fact that the author works for a telecom provider in a small country does not by itself mean much. Perhaps the proposal has been trialled there
Need more facts (cf. speculation)
$0.02 is that it's Palantir, maybe Meta. OAuth on every packet kills anonymity forever.
https://bernews.com/2016/11/video-two-into-one-equals-new-un...
"A well-formed RFC starts with a well-formed Internet-Draft."
https://www.rfc-editor.org/pubprocess/
For example, here is the Internet Draft for IPv6 which eventually became RFC 2460
https://www.ietf.org/archive/id/draft-ietf-ipngwg-ipv6-spec-...
Why not discuss the I-D itself. Many drafts are garbage but simply being a draft does not by itself tell us about its likelihood of becoming an RFC or standard