Tax haven for Rich German's

EU has had some problems with some rich Germans using the Liechtenstein Bank to avoid taxes. A spokes woman denied any involvement that Berlin had or wanted talks on Tuesday.

I thought tax havens were a good thing for the wealthy?

If you have money you don't want that money filtered down to the people without money right?  So, the bank was doing the rich Germans a favor.

This is not a good thing to read about first thing in the morning.  The US deficit is huge and our tax burden is low, but what does that have to do with Europe?  It has this to do with it, if the wealthy are refusing to pay high taxes in Europe, they might find their way to the US.

That won't happen.  But the wealthy are tired of paying the poor from what I read today, especially if they are wiling to use Tax havens.