The Progressive Populist:Panama Papers Reveal Crazy Hypocrisy

The following is an excellent article written by Jim Hightower on the AlterNet website on April 21, 2016 titled “Jim Hightower: How the Panama Papers Reveal Crazy Hypocrisy” which was published in the May 15, 2016 issue of The Progressive Populist on page 3 titled “Panama Papers Reveal Crazy Hypocrisy” and I quote:

“Jim Hightower: How the Panama Papers Reveal Scandalous Hypocrisy”

Mossack Fonseca is getting all of the attention, but state governments are just as guilty of corruption.

Photo Credit: M. Primakov / Shutterstock.com

It’s always educational to observe the behavior of wildlife in their natural habitat. For example, there’s nothing more vicious—and terrified—than a wild animal who is cornered. And few things are more devious than a top political or corporate official caught in a scandalous hypocrisy.

We’re now bearing witness to this latter phenomenon, for a whole menagerie of political critters have recently been screeching and scrambling after being backed into a corner by the Panama Papers. This is a trove of thousands of Internet documents leaked to global media outlets, revealing that assorted billionaires, rich celebrities, corporate chieftains, and—yes—pious public officials have been hiding their wealth and dodging the taxes they owe by stashing their cash in foreign tax havens.

We’ve known for a while that tax dodging is a common plutocratic scam, but the details from the leaked files of an obscure Panamanian law firm named Mossack Fonseca now give us names to shame.

One is David Cameron, the ardently conservative prime minister of Britain, who has loudly declaimed tax sneaks in public. But—oops—now we learn that his own super-wealthy father was a Mossack Fonseca client, and that David himself has profited from the stealth wealth he inherited from the elder Cameron’s secret stash. Trapped by the facts, the snarling, privileged prime minister used middle-class commoners as his shield, asserting that critics of his secluded wealth are trying to “tax anyone who [wants] to pass on their home … to their children.” Uh-uh, David—we merely want to tax those who try to pass off tax frauds on the public.

One of Cameron’s partisans even claimed that critics “hate anybody who has a hint of wealth in them.” No, it’s the gross, self-serving hypocrisy of the elites that people hate. Yet now, doubling down on their hypocrisy, Cameron & Company have announced that they’ll host an anticorruption summit meeting to address the problem of offshore tax evaders!

The global web of corruption involving thousands of super-rich tax dodgers and money launderers that the Panama Papers reveal is an explosive scandal—yet, interestingly, very few names of the moneyed elite in our country have surfaced as players in Mossack Fonseca’s Panamanian shell game. Perhaps U.S. billionaires and corporations are just more honest than those elsewhere.

Hahaha, just kidding! They’re not more honest, just luckier. You see, America’s conniving richies don’t have to go to Panama to set up an offshore flim flam—they have the convenience of hiding their money and wrongdoings in secret accounts created right here in states like Delaware and Nevada.

The New York Times notes that it’s easier in some states to form a dummy money corporation than it is to get a fishing license. Indeed, the ease of doing it, and the state laws that provide strict secrecy for those hiding money, have made the U.S.A. a global magnet for international elites wanting to conceal billions of dollars from their own tax collectors, prosecutors … and the general public.

State officials in Delaware even travel to Brazil, Israel, Spain and other nations to tell the “Delaware story,” inviting rich foreign interests to stash their cash in corporate hideaways that the state sets up, no questions asked. Likewise, Nevada flashes a dazzling neon sign inviting the global rich to incorporate their very own shell corporations there, promising—shhhh—”minimal reporting and disclosing requirements.” The money-hiding industry is so hot in Nevada it attracted none other than Mossack Fonseca to get in the action by opening a branch office there.

The law firm is being branded as a criminal enterprise for the rich. OK, but it shares that shameful brand with our own state governments.

Jim Hightower is a national radio commentator, writer, public speaker and author of the book Swim Against the Current: Even a Dead Fish Can Go With the Flow (Wiley, March 2008). He publishes the monthly Hightower Lowdown, co-edited by Phillip Frazer.”

(IT’S ABOUT TIME WE HAD NAMES TO SHAME, THANKS TO THE PANAMA PAPERS BUT WHEN YOU FIND OUT THAT THE U.S. IS USING MORE SECRECY THAN SWITZERLAND BY HIDING IT IN DELAWARE AND NEVADA, IT’S ABOUT TIME OUR U.S. CONGRESS BLOWS THE WHISTLE ON WHO ARE OUR BILLIONAIRE TAX-DODGERS.  THAT’S WHY I THINK IT SHOULD BE A LEGAL QUALIFICATION TO SHOW YOUR INCOME TAX RETURNS FOR AT LEAST 10 YEARS WHEN RUNNING FOR THE OFFICE OF PRESIDENT.  IN HILLARY CLINTON’S CASE, SHE WENT BACK OVER 30 YEARS.  REPUBLICAN DONALD TRUMP, WHO IS RUNNING FOR PRESIDENT, CAN’T TELL THE MEDIA, “IT’S NONE OF YOUR BUSINESS.”  I DON’T BUY HIS EXCUSE AND I WOULDN’T VOTE FOR HIM FOR PRESIDENT.  FEDERAL INCOME TAXES MUST BE BASED ON ABILITY TO PAY.  IT IS THE JOB OF THE IRS TO MAKE SURE THAT EACH TAX RETURN IS ACCURATE AND THAT EACH INDIVIDUAL OR CORPORATION PAYS THEIR FAIR SHARE OF THE TAX BURDEN.  I FEEL ALL THE PEOPLE IN THE U.S. AND AROUND THE WORLD MUST PAY INCOME TAXES BASED ON ABILITY TO PAY TO GET THE BILLS PAID.  OTHERWISE, YOU COULD HAVE A MONARCHY AND NOT A DEMOCRACY.

LaVern Isely, Progressive, Overtaxed, Independent Middle Class Taxpayer and Public Citizen Member and USAF Veteran

Advertisements

About tim074

I'm a retired dairy farmer that was a member of the National Farmer's Organization (NFO). Before going farming, I spent 4 years in the United States Air Force where I saved up enough money to get my down payment to go farming. I also enjoy writing and reading biographies and I write about myself as well as articles and excerpts I find interesting. I'm specifically interested in finances, particularly in the banking industry because if it wasn't for help from my local Community Bank, I never could have started farming which I was successful at. So, I'm real interested in the Small Business Administration and I know they are the ones creating jobs. I have been a member of Common Cause and am now a member of Public Citizen as well as AARP. I have, in the past, written over 150 articles on the Obama Blog (my.barackobama.com) and I'd like to tie these two sites together. I'm also on Twitter, MySpace and Facebook and find these outlets terrifically interesting particularly what many of these people did concerning the uprising in the Arab world. I believe this is a smaller world than we think it is and my goal is to try to bring people together to live in peace because management needs labor like labor needs management. Up to now, that hasn't been so easy to find.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s