Tax Havens

European ministers of finance are suggesting they will begin prosecuting tax havens and the unregulated hadege funds that use them to evade tax liability.

Use of these high income class tax-evasive havens causes budget deficits by increasing the need for government while severely reducing revenues, and inflationary tax pressure on lower income classes with deflationary macro economic pressure that reduces their ability to pay it. In other words, because the trickle-down economic model of tax reduction for the top income classes does not work, despite the counter-empirical claims of the McCain campaign, but instead causes crisis with overwhelming evidence, it is time to reverse the policy based on that empirical evidence.

That is very bullish news for markets because trillions of dollars will be more available for macro-economic finance policy, like recapitalizing a recovery from the bottom up, that will hasten recovery and stability instead of being hidden and horded, only brought out to spike markets for a quick, zero-sum capital gain, that is not pro growth and just devalues the savings and pensions of non-upper class incomes.

The rhetoric is very strong positive for markets, the valuation of The People's savings and reinvestment of the capital to allow for economic growth and general economic security that will not only benefit The People, but elits as well. Policies that benefit the rich in priority are just to deprive The People. International markets fully recognize that and will not even begin to support a McCain presidency.

A McCain presidency would be, empirically, verifiably, bad for global markets.