“Since the rich are the most mobile and are able to manage their investments just as easily in Miami as in Manhattan, states are devising new ways to monitor their top taxpayers and keep them from leaving.” – One Top Taxpayer Moved, and New Jersey Shuddered
investment
“The excess cash generated domestically by American firms beyond their investment budgets is running at $800 billion a year, or 4% of GDP. The tax system encourages them to park foreign profits abroad.” – The problem with profits
“People see a TED talk. They hear this amazing story of a 30-something-year-old woman with a wonder procedure. They see the Cleveland Clinic is on board. A switch goes off and they make an instant decision that everything is fine. You see this over and over: Really smart and wealthy people start to believe completely implausible things with 100 percent certainty.” – The Narrative Frays for Theranos and Elizabeth Holmes – NYTimes.com