From: Michael Loomis <ml3e+@andrew.cmu.edu>
Date: Fri, 26 Apr 1996 22:49:06 +0800
To: cypherpunks@toad.com
Subject: Re: US law - World Law - Secret Banking
In-Reply-To: <ada59fc1270210048d39@[205.199.118.202]>
Message-ID: <UlU8SES00iWV80j2lz@andrew.cmu.edu>
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Excerpts from internet.cypherpunks: 25-Apr-96 Re: US law - World Law -
Se.. by Timothy C. May@got.net 
> I 'm convinced that a similar argument applies to those transferring funds.
> Many funds transfers are not even tax evasion; I am one of many people who
> are researching ways to expatriate some or all of my funds to jurisdictions
> friendlier than the U.S. So long as I fill out the proper boxes on my 1040,
> and pay appropriate taxes, I am committing no crime by moving my wealth to
> some other country.
> 
> Those on the list about a year or so ago may recall that there are
> proposals to in fact impose a "capital flight tax." This would make the
> U.S. a country very much like the former Soviet Union, which forbade such
> transfers of wealth without payment of heavy taxes.

    I have been reading this list to get an idea where Declan gets some
of his lunatic ideas and what Rich Graves says when he is not up to
Holocaust fetishism.  Despite Timothy's claim to the contrary, it seems
that the basic point of this list is some libertarian notion that tax
evasion is a good thing.  While I am not clear how serious of threat, if
one at all, to a system of fair taxiation, since much of the talk could
be simply bluff, I have been made glad for the first time for the War on
Drugs.  This silly war--tragic in terms of its economic cost and its
assault on liberty--at least has forces some government agencies to take
you seriously enough to figure out how to derail your plans of tax
evasion.

Michael Loomis