$1billion in taxes - that’s very optimistic - The estimate to have a volume of 300 million € and maybe they can’t get it all.
German pepper bags money is spread around the world - and that’s maybe not even bad given the catastrophic management some of our banks showed recently.
So it’s not going to get any more complicated to hide the money. Even if our government strangled this particular bank in Liechtenstein - as an investor you could any time move to Belgium (Where I live that would even be more convenient for my office) and live there for more then 185 days a year - é voila I am an expat living in Belgium: My wealth would be taxed under Belgium law which says I don’t even have to raise my foreign revenues to authorities. Then there’s caiman islands and channel islands, Austria and Switzerland ...
We need to get a grip on that - the exponential growth of private assets IS a problem - mathematically the difference between a states budget and private owned money gets smaller every day and faster smaller every day (it’s so to say exponential ;-) so one day we might end up with something like a kingdom of wealth where you can only be rich if your grandparents started investing.
That’s also why I believe that inflation is going to increase over the next time and some rather crude and silly stuff might happen.
Our country (U.S.) has been inflating our dollar to a shameful degree for many years.
I agree that something will happen eventually, and it won't be pretty.