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Wealthy Americans Don't Have to Go to Panama to Hide Their Wealth


Business  (tags: Donald Trump, Hillary Clinton, offshore banking, Panama Papers, Tax Havens )

Judy
- 990 days ago - fpif.org
Who needs offshore tax havens in Panama? Nearly 300,000 corporations -- including some owned by Donald Trump and Hillary Clinton -- are incorporated at a single Delaware address.



   

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Comments

Kathleen M (211)
Friday May 6, 2016, 6:03 pm
Thx, Judy. Grrrrr...
 

Cela V (0)
Friday May 6, 2016, 6:31 pm
tyfs
 

Past Member (0)
Saturday May 7, 2016, 12:25 am
Wealthy people on the whole regardless of nationality are nauseating self-gratifying lying douchebags. I have yet to met a wealthy person with any redeeming qualities. thx Judy
 

Sheryl G (359)
Saturday May 7, 2016, 9:54 am
Switzerland, The Cayman Islands, Luxembourg, Hong Kong, U.S.A., Singapore, Jersey (a British Crown), Japan, Germany, and Bahrain are among the top for tax haven shelters and loopholes. Most of the leaders tend to be rich and therefore have gladly made laws or changed laws, like Clinton when he removed Glass-Steagall, a protection that our ancestors had placed in after the Great Depression.

Most of the wealthy protect each other and wash each others backs, and although it might be "legal" as it is made sure many times to be so to protect themselves. And I can understand why they protect each other because most of them are doing the same things, legal but not ethical.

However what amazes me is the average citizen or those of moderate means or even poor of the USA or other Countries around the world, that protect those Elites. Will vote them in, continue to support them and to badmouth the very people who are trying to bring an awareness to this fact. Is like those who fail to look into the welfare of the Elites via the Govt subsidies but are more than happy to point out to the few dollars a Mother receives to feed her children.

It also amazes me, when the poor, the less fortunate, band together and donate what they can, $27 is an average is considered unethical but taken $225.000 for a speech from a Corporate entity is okay, and then as we've seen in the past, as when Bill Clinton signed away the Glass-Steagall handing one of the pens to Citigroup Chairman Sanford Weill.......but that appears to be okay to "some" people.

In fact Barack Obama’s Justice Department announced that Citigroup would pay $7 billion in fines, for the seamy financial products the bank had marketed to an unsuspecting public, causing vast damage to the economy.

You know.....Citigroup the too-big-to-fail bank that was allowed to form only when BILL CLINTON signed legislation reversing the sensible restraints on Wall Street instituted by President Franklin Roosevelt to avoid another Great Depression.

See I can use capital letters as well.....now tell me what seems more unethical to you my dear readers?
 

Roger G (148)
Saturday May 7, 2016, 12:29 pm
noted, thanks
 

Birgit W (160)
Saturday May 7, 2016, 1:17 pm
Natasha says it all. Thanks for sharing.
 

Lois Jordan (63)
Saturday May 7, 2016, 1:55 pm
Noted. Thanks, Judy.

This is so ugly----the greedy are stashing their cash to prevent the Taxman from taking it. Obviously, they don't really care about helping those most in need. They have no care for the repair of infrastructure. They have no conscience and are only too happy to cheat the system, while devising more ways to continue doing so.
And, ditto Dandelion's above comment. I am sick to death of the corruption and lack of morals by those heartless and soul-less. Hoarding is a disease. Hoarding money like this actually makes my stomach sick. A vote for Clinton is a vote for more wealth flowing upwards. We can't afford this.
 

Lenore K (0)
Saturday May 7, 2016, 2:40 pm
ty
 

. (0)
Saturday May 7, 2016, 4:36 pm
tyfs!!! What I can add to all this?!
 

Julie W (33)
Saturday May 7, 2016, 7:53 pm
Nyack, no-one knows yet who will win, so that is a silly remark. If she doesn't win, Is Clinton unethical for taking donations ? Apart from any other unethical goings on I mean?
 

Roro l (0)
Sunday May 8, 2016, 7:30 am
thank you
 

Thomas M (8)
Sunday May 8, 2016, 2:52 pm
Last time I looked these wealthy people are living within the laws of the world. These rules need to change and NOW. Sound to me like Obama and Treasury are trying to address the RULES despite the inaction of CONGRESS. Focus your wrath on your elected representatives who are failing the American people and our government.
 

Colleen L (3)
Sunday May 8, 2016, 4:27 pm
I have a real problem with wealthy people and wealthy companies that don't pay their share of taxes, etc. Our government must put an end to this. As*hole. Thanks Judy
 
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