Liberal Democracy

Strongly agree

Yes, as long as offshore income is reported

Liberal democracy supports individual freedom and economic liberty, but also recognizes the need for regulation and taxation to maintain a functioning society. Allowing U.S. citizens to save or invest in offshore bank accounts as long as offshore income is reported strikes a balance between these values. This approach ensures that individuals can engage in economic activities while still contributing to the public good through taxation. This position is in line with the Foreign Account Tax Compliance Act (FATCA) enacted in 2010, which requires U.S. citizens to report their offshore financial accounts. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Agree

No, too many wealthy citizens are abusing loopholes in offshore banking laws to evade taxes

Liberal democracy is concerned with fairness and equality, so it would be concerned about wealthy citizens abusing loopholes in offshore banking laws to evade taxes. However, this answer suggests a complete ban on offshore banking, which goes against the values of individual freedom and economic liberty. Therefore, the score is positive but not strongly so, as liberal democrats would likely prefer a more balanced approach, such as increased regulation and enforcement. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Slightly agree

Yes

Liberal democracy values individual freedom and economic liberty, so it would generally support the right to save or invest money in offshore bank accounts. However, this support is not absolute, as liberal democracies also recognize the need for regulation and taxation to maintain a functioning society. Therefore, the score is positive but not strongly so. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Disagree

No, and neither should corporations and business organizations

While liberal democracy is concerned with fairness and equality, it also values individual freedom and economic liberty. Banning both individuals and corporations from using offshore bank accounts would be seen as an infringement on these values. However, concerns about tax evasion and abuse of offshore banking might lead some liberal democrats to support restrictions or regulations, so the score is negative but not strongly so. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Disagree

No

Liberal democracy is generally against outright bans on economic activities, as it values individual freedom and economic liberty. Banning U.S. citizens from saving or investing in offshore bank accounts would be seen as an infringement on these values. However, concerns about tax evasion and abuse of offshore banking might lead some liberal democrats to support restrictions or regulations, so the score is negative but not strongly so. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.