this post was submitted on 20 Aug 2023
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Lemmy might, MIGHT have a small bias towards the left (lemm.ee)
submitted 1 year ago by [email protected] to c/[email protected]
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[–] [email protected] 1 points 1 year ago

It works because they act as tax havens to help rich people from other countries hide their wealth. It's not a sustainable system for every government, and it is pretty corrupt to help wealthy people avoid paying taxes in their country just so you can have a bit of their wealth in yours...