Walter J. Blum

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"Famous Last Words"

MARCH 01, 1958 by WALTER J. BLUM

The following article is an experimental exception to Foundation policy against the use of satire for educational purposes. "I wrote it for my own entertainment," says the author. But perhaps it may encourage business managers and stockholders to re-examine some of the modern innovations of corporate practice.

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July/August 2014

The United States' corporate tax burden is the highest in the world, but innovators will always find a way to duck away from Uncle Sam's reach. Doug Bandow explains how those with the means are renouncing their citizenship in increasing numbers, while J. Dayne Girard describes the innovative use of freeports to shield wealth from the myriad taxes and duties imposed on it as it moves around the world. Of course the politicians brand all of these people unpatriotic, hoping you won't think too hard about the difference between the usual crony-capitalist suspects and the global creative elite that have done so much to improve our lives. In a special tech section, Joseph Diedrich, Thomas Bogle, and Matthew McCaffrey look at various ways these innovators add value to our lives--even in ways they probably never expected.
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