Offshore tax shelters not just for the rich.I came across an interesting article in today's USA Today about off shore tax shelters. A once prevalent tool for large companies to secure their assets and protect their income from taxation has now become a means for averaged income Americans to do the same. Well let's just say the IRS doesn't like it when the common folk catch on to the scheme of things. Senator Carl Levin, D-Mich. said "$3,000 fee...to someone to help hide their assets offshore is getting to be a huge problem." Well I just seemed to find such a statement completely contradictory and hypocritical because of the large amount of US companies registered overseas. This is a practice that has been going on for some time here on our country. It is a great way to avoid taxation on a large amount of capitol and gains as well as it hides the information of those who are actually in control of such assets. What will really be interesting is if the independent "street wear" market, or any other sub-genre of independent businesses ever pick up on this practice and utilize it to their benefit. Imagine if we took the tools of big business and really started using them for ourselves. They already cater to us in many different ways shapes and forms because they have no choice (i.e. Jeff Staple's Weekly Drop), if they don't they won't survive. If we start practicing for ourselves what they do already, they really won't have a choice. Revolution happens through time, with patience, and to do it effectively you have to understand the hustle side of things not just the cultural side of things. Revolution is also a strong word and concept, but that's what this whole movement is about - being INDEPENDENT! Why do you think you've never seen an
aNYthing New Era, because Aron believes in doing everything in house. We as a culture need to take heed to such philosophies to really garner change. Soon enough it will be - Viva La Financial Revolution! Remember "Its Your World" - Common BE