#capitalflight — Public Fediverse posts

Capital flight undermines Canada’s fragile economic growth | Winnipeg

Photo Source: National Post Canada consistently produces what the world wants: energy, minerals, food, technology, talent, and globally…
#NewsBeep #News #Canada #CA #Canadianeconomy #capitalflight #companyscaling #economicgrowth #investmentretention #Winnipeg #winnipegnews
https://www.newsbeep.com/ca/658966/

https://www.europesays.com/iran/76454/ Iran War Will Drive Gulf Petrodollar Capital Flight To…Hollywood #ArabCapitalFlight #CapitalFlight #ForeignInvestment #hollywood #HollywoodInvestment #Iran #Mergers #PARAMOUNT #petrodollar #WarnerBrothers

China's Economy Is Collapsing From Within: Fake GDP, Capital Flight & Nuclear Buildup Exposed

https://youtu.be/t34gdL1utbE

#ChinaEconomy #ChinaCollapse #Geopolitics #EconomicCrisis #ChinaGDP #GlobalSupplyChain #CapitalFlight #NuclearChina

China's Economy Is Collapsing From Within: Fake GDP, Capital Flight & Nuclear Buildup Exposed

https://youtu.be/t34gdL1utbE

#ChinaEconomy #ChinaCollapse #Geopolitics #EconomicCrisis #ChinaGDP #GlobalSupplyChain #CapitalFlight #NuclearChina

China's Economy Is Collapsing From Within: Fake GDP, Capital Flight & Nuclear Buildup Exposed

https://youtu.be/t34gdL1utbE

#ChinaEconomy #ChinaCollapse #Geopolitics #EconomicCrisis #ChinaGDP #GlobalSupplyChain #CapitalFlight #NuclearChina

China's Economy Is Collapsing From Within: Fake GDP, Capital Flight & Nuclear Buildup Exposed

https://youtu.be/t34gdL1utbE

#ChinaEconomy #ChinaCollapse #Geopolitics #EconomicCrisis #ChinaGDP #GlobalSupplyChain #CapitalFlight #NuclearChina

China's Economy Is Collapsing From Within: Fake GDP, Capital Flight & Nuclear Buildup Exposed

https://youtu.be/t34gdL1utbE

#ChinaEconomy #ChinaCollapse #Geopolitics #EconomicCrisis #ChinaGDP #GlobalSupplyChain #CapitalFlight #NuclearChina

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

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/

^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).

The Noam Chomsky Website.