I’m now relaxing in the warm sunshine of the Cayman Islands, having given a speech to an International Funds Conference.
My speech was a standard critique of high-tax governments and international bureaucracies for trying stifle tax competition and create a global tax cartel – sort of an OPEC for politicians.
The most interesting part of the conference was when an expert from Hong Kong equated the tax system of the United States with North Korea and Libya. A bit of hyperbole, to be sure, but our tax system has totalitarian aspects that are far worse than anything found even in places such as France. And now Obama wants to further increase the power of the IRS and strip away even more of our freedoms.
For those who want more information on the topic, here’s my video on tax competition, followed by a video castigating Obama’s anti-tax haven demagoguery.