#capitalflight — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #capitalflight, aggregated by home.social.
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China's Economy Is Collapsing From Within: Fake GDP, Capital Flight & Nuclear Buildup Exposed
#ChinaEconomy #ChinaCollapse #Geopolitics #EconomicCrisis #ChinaGDP #GlobalSupplyChain #CapitalFlight #NuclearChina
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China's Economy Is Collapsing From Within: Fake GDP, Capital Flight & Nuclear Buildup Exposed
#ChinaEconomy #ChinaCollapse #Geopolitics #EconomicCrisis #ChinaGDP #GlobalSupplyChain #CapitalFlight #NuclearChina
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retroshare://chat_room?name=%23%D0%98%D0%9B%D0%98%D0%A2%D0%90&id=L13129B3B4419DA72
Вот перевод моего ответа на английский:
This is an **economics-themed meme**, which *claims* that Norway’s wealth-tax increase caused a net loss in government revenue.
**What exactly is shown?**
**The text:**
It states that:
Norway raised its wealth tax;
it expected to collect +$146M;
but allegedly lost $448M because $54B in wealth left the country;
resulting in a total reduction of $594M in tax revenue.
**The chart:**
It’s the *Laffer Curve* — a popular but debated economic concept suggesting that if tax rates are too high, government revenue eventually falls due to capital flight, tax avoidance, lower activity, etc.
**Important to understand:**
This is **not an official report** and **not a scientific chart**, but a social-media-style visualization making a claim.
Many such images are **politicized memes**: they use selective data or interpret it in a convenient way.
The Laffer Curve is a **theoretical model**, not a universal law.
If you want, I can:
— fact-check the specific numbers;
— explain the context of Norway’s wealth tax;
— show where the argument in this picture is manipulative.#Norway #WealthTax #LafferCurve #Economics #TaxPolicy #CapitalFlight #BudgetLoss #FactCheck #EconomicModels #FiscalPolitics
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"This is not the arrangement of a free society. This is the stuff of kings and feudal lords ruling over serfs. It is not befitting a democracy. And for a country so devoted to the principle of freedom and so proud of our history of rejecting illegitimate monarchical authority, we should be pissed off about it. Americans shouldn’t have to grovel pathetically before oligarchs to prevent them from nuking our economy as punishment for trying to attain an infinitesimal fraction of the privilege they enjoy — privileges which, of course, are already more lopsidedly distributed to the wealthy than ever.
If he wins the general election, Madani will have to proceed carefully, calling the wealthy’s bluff enough to pass meaningful reforms without setting into motion a devastating process in which those bluffs become reality. The rest of us, though, should be clear about one thing: what we’re seeing now is a tiny minority trying to hold an entire city — an entire society — hostage to its own interests, using its structural leverage in the economy to undermine the democratic will of ordinary people."
https://jacobin.com/2025/07/ultrarich-oligarchy-capital-flight-mamdani/
#USA #NYC #Mamdani #CapitalFlight #WallStreet #Billionaires #Inequality
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"This is not the arrangement of a free society. This is the stuff of kings and feudal lords ruling over serfs. It is not befitting a democracy. And for a country so devoted to the principle of freedom and so proud of our history of rejecting illegitimate monarchical authority, we should be pissed off about it. Americans shouldn’t have to grovel pathetically before oligarchs to prevent them from nuking our economy as punishment for trying to attain an infinitesimal fraction of the privilege they enjoy — privileges which, of course, are already more lopsidedly distributed to the wealthy than ever.
If he wins the general election, Madani will have to proceed carefully, calling the wealthy’s bluff enough to pass meaningful reforms without setting into motion a devastating process in which those bluffs become reality. The rest of us, though, should be clear about one thing: what we’re seeing now is a tiny minority trying to hold an entire city — an entire society — hostage to its own interests, using its structural leverage in the economy to undermine the democratic will of ordinary people."
https://jacobin.com/2025/07/ultrarich-oligarchy-capital-flight-mamdani/
#USA #NYC #Mamdani #CapitalFlight #WallStreet #Billionaires #Inequality
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Make America Broke Again!!!!
"Amid geopolitical tensions, streaming giants like Netflix are aggressively expanding their international production portfolios. Netflix’s commitment to invest $1 billion in Mexican film and TV production over the next four years exemplifies this trend. "
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Make America Broke Again!!!!
"Amid geopolitical tensions, streaming giants like Netflix are aggressively expanding their international production portfolios. Netflix’s commitment to invest $1 billion in Mexican film and TV production over the next four years exemplifies this trend. "
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Oldie but Goodie (1998 writing about Jubilee 2000!) I'm still in touch with people I met thanks to the Jubilee Kyushu movement. One was a university student then an a mother of two daughters now. She's been fighting the good fight all that time, 12 years ago she was helping a Thai environmental journalist tour Japan, meeting the places and people fighting against the damage from dams and for reparations to the victims of pollution disasters. Now she's fighting for the rivers and mountain people against more wasteful dams... It's fascinating to think how movements might not effect an immediate change in the one issue that brings people together at one time, but people go on struggling against injustice and try to help each other out...
There are other relevant precedents. When the U.S. took over Cuba 100 years ago it cancelled Cuba’s debt to Spain on the grounds that the burden was “imposed upon the people of Cuba without their consent and by force of arms.” Such debts were later called “odious debt” by legal scholarship, “not an obligation for the nation” but the “debt of the power that has incurred it,” while the creditors who “have committed a hostile act with regard to the people” can expect no payment from the victims. Rejecting a British challenge to Costa Rican laws cancelling the debt of the former dictator to the Royal Bank of Canada, the arbitrator — U.S. Supreme Court Chief Justice William Howard Taft — concluded that the Bank lent the money for no “legitimate use,” so its claim for payment “must fail.” The logic extends readily to much of today’s debt: “odious debt” with no legal or moral standing, imposed upon people without their consent, often serving to repress them and enrich their masters. ^1
...
The picture generalizes, and breaks little new ground. A study of the global economy points out that “defaults on foreign bonds by US railroads in the 1890s were on the same scale as current developing country debt problems.”5 Britain, France, and Italy defaulted on US debts in the 1930s. After World War II, there was reported to be heavy flow of capital from Europe to the United States. Cooperative controls could have kept the funds at home for post-war reconstruction, but, some analysts allege, policymakers preferred to have wealthy Europeans send their capital to New York banks, with the costs of reconstruction transferred to US taxpayers. The Marshall Plan approximately covered the “mass movements of nervous flight capital” that leading economists had predicted. ^2- https://chomsky.info/19980515/
While searching for this link I just saw it became a chapter in Rogue States. A quick glance makes me think it may have been rearranged and edited a bit: and has more sources too!
^1 Patricia Adams, Odious Debts (Earthscan, 1991); Lissakers, Banks, Borrowers. Witness for Peace, A Bankrupt Future: The Human Cost of Nicaragua’s Debt (WFP, 2000); Envio (Managua, Nicaragua: UCA), 18.220, Nov. 1999.
^2 Eric Helleiner, States and the Reemergence of Global Finance (Cornell Univ. Press, 1994).
#Jubilee2000 #JubileeKyushuu #MarshallPlan #CapitalFlight #OdiousDebt #OdiousDebts #RogueStates by #NoamChomsky
#^Jubilee 2000The Noam Chomsky Website.
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You can see that #Bitcoin :bitcoin: doesn't scale by the sheer fact that it's glacial transaction times make it utterly useless as a means of payment.
That's why noone except #CryptoBros and #Oligarchs committing #TaxFraught and #CapitalFlight use it.
Bitcoin's liquidity is nonexistant and it's value is solely based upon rich assholes hoarding it and #TechIlliterates buying it for more than it's worth, which should be 0!
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@WorkWithKirk not really.
#Monero :monero: works as #Currency and #MoneyTransfer system, #Bitcoin :bitcoin: and #Ethereum as #CapitalFlight system and #NFTs are an excellent was to make money vanish / pop-up because unlike real #Art with real #Value by real #Collectors, there's neither #KYC nor #AML on #OpenSea or any other #NFT "#Marketplace"...
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The article where I learned the key concepts capital flight and odious debt, in 1998!!
.> The Latin American debt that reached crisis levels from 1982 would have been sharply reduced by return of flight capital — in some cases, overcome, though all figures are dubious for these secret and often illegal operations. The World Bank estimated that Venezuela’s flight capital exceeded its foreign debt by 40% in 1987....
- Jubilee 2000: on ChomskyInfo
.> A recent Council on Foreign Relations study points out that “defaults on foreign bonds by U.S. railroads in the 1890s were on the same scale as current developing country debt problems.” Britain, France and Italy defaulted on U.S. debts in the 1930s: Washington “forgave (or forgot),” the Wall Street Journal reports. After World War II, there was massive flow of capital from Europe to the United States. Cooperative controls could have kept the funds at home for postwar reconstruction, but policy makers preferred to have wealthy Europeans send their capital to New York banks, with the costs of reconstruction transferred to U.S. taxpayers....
.> When the U.S. took over Cuba 100 years ago it cancelled Cuba’s debt to Spain on the grounds that the burden was “imposed upon the people of Cuba without their consent and by force of arms.” Such debts were later called “odious debt” by legal scholarship, “not an obligation for the nation” but the “debt of the power that has incurred it,” while the creditors who “have committed a hostile act with regard to the people” can expect no payment from the victims. Rejecting a British challenge to Costa Rican laws cancelling the debt of the former dictator to the Royal Bank of Canada, the arbitrator — U.S. Supreme Court Chief Justice William Howard Taft — concluded that the Bank lent the money for no “legitimate use,” so its claim for payment “must fail.” The logic extends readily to much of today’s debt: “odious debt” with no legal or moral standing, imposed upon people without their consent, often serving to repress them and enrich their masters.
#NoamChomsky #Debt #Jubilee #DropTheDebt #Jubilee2000 #OdiousDebt #CapitalFlight #LendingResponsibility -
@atomicpoet @fediversenews tbh I can understand instances blocking #Bitcoin #fanboys for being #cringe cultists that refuse to accept their #shitcoin only works for #CapitalFlight and #MoneyLaundering for ultra-rich...
https://youtu.be/YQ_xWvX1n9g?t=430 -
@adamkovac if you mean.#cryptography that's true.
In terms of #cryptocurrencies: #NFT's are cringe cuz the use-cases are "beneath" it's potential and as insulting as a NPP is to the lifetime work of people like Marie Curie and Lise Meintner!
#Monero is by a long shot the "least worst" #crypto because it's actually meant to be a replacement for #PayPal and not some #FATCA & #OFAC - doging tool for oligarchs to commit #CapitalFlight.
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TBH, #Bitcoin only works as a tool for #Oligarchs from the #PRC & #Russia to circumvent #CapitalFlight restrictions and #Sanctions.
