Re: the future long term financial apocalypse of the USA

D  <nospam@example.net> wrote:

In terms of the US, I think the most common thing for the rich is to
incorporate themselves, and that way they avoid the IRS. I imagine that
plenty of US billionaires could also move to the caribbean for inheritance
purposes as well, for a few years, and then return home.

This works, but it's better to have multiple small corporations owning your
assets rather than one big one. 

And yes, we do have plenty of rich Americans who have taken foreign
citizenship (Aruba is very popular and pleasant to visit as well, but
some prefer Panama) in order to avoid taxes.  I am not really sure how
I feel about this.  On one hand it seems an honest solution and on another
it seems not to be.
--scott
--
"C'est un Nagra. C'est suisse, et tres, tres precis."