“The Panama Papers of 2016 showed what many of us have known all along - that wealthy individuals have not only built massive personal fortunes through exploitation, theft, and illegitimate means, but that they have also constructed elaborate “asset management” schemes which allow them to hide their money, avoid paying taxes, and hoard what amounts to be trillions of dollars from the very public they stole it from.”

  • EastofEdson@lemmy.ca
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    14 hours ago

    I just finished The Blind Spot: How Oligarchs Control Our Democracies by Jeffrey A. Winter.

    It was interesting to learn how there is an entire wealth protection industry ensuring the wealthiest people pay next to no taxes. Even the IRS of toothless due to the sheer complexity of tax laws surrounding wealth.