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I would say it would a good thing for average Joe. Higher taxes mean better living for the poor. That's the way most of the european countries work. Rich pay A LOT of taxes to support the poor and boy do they pay taxes. Did you know that for example in Finland if you earn $1 million in a year as your salary, you'll pay about 49% to the goverment. But rarely anybody wants to take $1 million as a salary, there are ways to channel it thru small companies to avoid income taxation.
"It's bad for rich people" point doesn't hold water anymore. It really doesn't matter nowadays where you live tax-wise. If you just know what you are doing, you can always live in your "motherland" and your offshore company gets rich in a country where taxes don't exist. Then your poor existence in your "motherland" gets much more comfortable when this unknown offshore company buys a house or a car and gives you the right to use it. Of course when you have $2 mil. house and your yearly earnings are $0 officially, you will raise some red flags and get IRS up your ass. But as long as you consult financial lawyers and do everything by the law.. sorry, I mean loopholes, you're in the clear.
Btw, this is not for pussies and it takes some capital to be sure you have done everything by the law in your own country. As long as the money stays offshore, you are ok, but when it's time to buy something big -> consult lawyer how to do it.
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