Tax avoidance is rent seeking, not productive activity
It's a point I've made repeatedly, in Treasure Islands and elsewhere. But I just looked up 'rent seeking' and this is Wikipedia's contribution:
In economics, rent-seeking is an attempt to obtain economic rent by manipulating the social or political environment in which economic activities occur, rather than by creating new wealth . . . attempting to enrich oneself by increasing one's share of a fixed amount of wealth rather than trying to create wealth . . .the extraction of uncompensated value from others without making any contribution to productivity . . . people accused of rent seeking typically argue that they are indeed creating new wealth
Goodness me. Tax avoidance and evasion: doesn't the shoe just fit perfectly?
(And for those who aren't familiar with 'rent-seeking' - economists regard it unequivocally as a bad thing.)