Think of this as Volume 18, Number 28 of the newsletter I have written weekly since March, 1997. Enjoy.
Lines between cities and counties, between states, and between countries are easily crossed by the ultra-wealthy, and by multinational companies. Because they can so easily cross Lines, these people and entities have become the world’s de-facto government, under the principle that any person or group more powerful than the government becomes the government.
This is why the rich pay no taxes. This is why multinationals are able to extract tax concessions from states, cities and even countries. They can choose where to invest, where to live, and in what jurisdiction to account for income. This makes them self-governing in a way the rest of us aren’t.