It would be very easy to make holding such stock illegal. And, considering the cost to our society and our world, any downsides would be outweighed by the incredible gain.
It would be very easy to make holding such stock illegal. And, considering the cost to our society and our world, any downsides would be outweighed by the incredible gain.
Really? I think the USA already has many laws in place to make offshore tax evasion harder. These laws also have the effect of making it very hard for Americans to do (honest) financial stuff in other countries. For example, you want to buy a second home in another country, and maybe open a bank account there to take care of related bills? Or maybe you see some great investment opportunities in another country and want to open a brokerage account there, to buy some ordinary shares? Well, because of the laws already in place, many foreign banks don't want to deal with you, because complying with these laws is such a hassle. Well, I guess maybe it would be worthwhile for them if you were a billionaire. Also, you might end up with a tax bill of more than 100% of your gains back in the USA, if you're not careful.
Because as I see it right now, all that money sheltered effectively removed from US economy and as a result makes everyone a bit richer via deflation... Unless I am missing something.