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#24 - Leopoldo López: A Life-Long Struggle for Freedom in Venezuela

Closing the Loop

CHAPTER

Is the State Funding Itself?

An individual can keep their savings private from any controlling authority being able to see transactions, no balances, anything like that. Well, then it begs the question, how does a government apparatus, how does the state fund itself when taxation can be so easily avoided? I mean, you're taking the argument of financial freedom to the extreme where everybody basically has self-costity with no intermediation of their own funds,. or they can hide it and not present it to the controls of any given sovereign state. And what I think this will produce is a far more competitive landscape amongst jurisdictions, amongst nation states.

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