“A massive collection of documents revealing the tax-dodging strategies of the ultra-rich has been leaked to the public. The so-called ‘Pandora papers’ is the largest trove of leaked offshore data in history, containing more than 11.9m files from 14 offshore service providers. On one level, it isn’t surprising that rich people avoid paying taxes. I mean, these are the world’s elites. For them, life is like Waffle House after 2am – there are no rules.” —Trevor Noah
“But it’s still eye-opening to see just what lengths they go to to hide their wealth. They’ve gotten offshore havens, they’ve got dummy corporations, they’ve got teams of accountants. I mean, call me old-fashioned, but whatever happened to just putting your money in a big treasure chest and burying it in the sand? Let’s get back to basics, people.” —Trevor Noah
“Following on from the Panama papers in 2016 and the Paradise papers in 2017, the Pandora papers reveal the places and rules that allow the ultra-rich to shelter wealth and skirt taxes – including, surprisingly, South Dakota, whose trusts now hold $370 Billion in assets, up from $60 Billion a decade ago. American billionaires aren’t among the wealthy sheltering their money in the state, however, since lax US tax codes make such effort unnecessary. Not having a tax haven problem because your tax laws are already so easy on wealthy people – that, my friends, is rock and roll. It almost makes me feel bad for American billionaires though, because hiding the money is part of the fun. It’s like trying to rob a bank but they just give you the cash when you walk in.” —Trevor Noah
https://idiocracy23.blogspot.com/2021/02/a-magisterial-collection.html
“A magisterial collection. A combination of Bukowski’s Last Night
of the Earth and Orwell’s 1984.”
