In a questionable move that is sure to come back and bite them in the ass, the G7 agreed on a minimum tax for multinational companies. Claiming to focus on tech giants, Japan, the United States, Germany, Britain, France, Italy and Canada agreed to a 15% tax that would supposedly take away incentives from tax havens and force more money into their incapable hands.

The meeting, held in some old building, was the first time that all 7 financial goons had met in quite some time. I guess they smelled a score and got over their distaste for each other long enough to cobble together the fraud.

I also guess these countries think they are the only places people can do business. The other headlines I read were also a bit misleading — how can 7 nations impose a "global" tax? Last I checked there were more than 200 sovereign nations who wouldn't get cut in on this deal, unless there's something I'm missing. How do these 7 idiots think they're going to build their coffers when smart money will simply move into more fruitful jurisdictions?

The fact Janet Yellen somehow thought this was a tenable strategy after viewing the continued financial and intellectual exodus from New York is telling. That old bitch doesn't seem to realize that the same capital that left New York because it sucked will leave the US because it sucks will leave the G7 because it sucks. Tech is borderless. Smart tech companies left New York because they realized the pure stupid of getting bit licenses and dealing with Zionists at Goldman Sachs. There's just no reason to do it whatsoever.

I'm currently in Miami for the Blockchain Conference, and I got a chance to see the impassioned Jack Mallers announce that El Salvador would begin to use bitcoin as a national currency. Mallers is just one example of the intellectual capital that will simply remove itself from the US and the G7 for greener pastures if bullshit like this proliferates (and it will because those G7 jackasses don't have any other move). And it won't be charity. There is much more money to be made providing tech to emerging markets than to G7 countries. With El Salvador's example (and the Philippines' GCash not far behind), you can bet that developing economies will welcome these new entrepreneurs with open arms, tax free. They'll be given protection and positions of power. Then who will you tax, Janet, once the money and distribution are all offshore, decentralized so there's no one to bomb?

The G7 may get a few bucks for a few years out of this, but overall, this move is just accelerating their descent into third world status. Thanks for pumping my bags while you're at it, too, you idiots.

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