I was surprised to read:
http://rodrik.typepad.com/dani_rodriks_weblog/2009/03/am-i-being-dense.html
<<
Am I being dense?
France has threatened to walk out of the G20 summit in London if
agreement is not reached on the important issues. Bravo!
But wait. What does France want agreement on?
"I am absolutely determined, and President Sarkozy has said it
loud and clear, that we actually eradicate non-cooperative
centres and tax havens," [finance minister Christine Lagarde]
said.
"I know that Chancellor Merkel is very much on that line, I know
that Gordon Brown has said that old tax havens have nothing to
do with this new world.
"Well, we need to deliver on that and we need to be extremely
united and strong."
Now can someone explain to me what offshore tax havens and financial
centers have to do with our current mess?
I suppose some would say this is a tactic to divert attention from all
the other important issues on which there will definitely not be an
agreement on. If they can at least agree to put the blame on offshore
havens who, after all, will not be sitting around the table, France and
the others can walk away claiming victory. Will the media really be
taken in?
>>
My answer on his blog and by email:
<<
"I suppose some would say this is a tactic to divert attention from all
the other important issues on which there will definitely not be an
agreement on."
While I don't like Sarkozy, I see on this blog you advocate massive
FISCAL spending to get out of the current mess created by the financial
world.
Now when you talk about FISCAL spending, you talk about future TAXES.
When you talk about future TAXES, you have to ask yourself who will be
the TAXPAYERS.
TAX HAVENS are where rich TAXPAYERS hide their money and so let other
people pay the bill.
So going after TAX HAVENS is the absolute minimum our government can do
in those time of FISCAL SPENDING.
No wonder economists like you screwed the world.
I hope you will apologize for this.
>>
Laurent
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