The approximately $20 trillion tucked away in tax havens won’t matter much once an ad valorem tax on land values becomes the revenue base. Of course, the 0.1% will vehemently oppose land value ownership being a fair and equitable revenue base. They push to the fore the inability of “the poor widow” to afford a levy on the value of her land any time a land ‘tax’ has been mooted, in order they may continue to steal the greater part of the land rents owed equally to each and every citizen of the nation. The poor widow can easily be accommodated.
The poor widow? Is it not passing strange, then, that the 0.1% never cite the poor widow when they argue in favour of indirect taxation?
Selective maudlinism perchance?