Posted on 10/07/2021 5:17:29 AM PDT by Kaslin
"The rich put cream on their berries; the rich drive shiny black cars." - (from the Broadway musical "Carnival!")
The Pandora Papers, "an expose of the financial secrets and offshore dealings of dozens of heads of state, public officials and politicians," writes CNN, could not have come at a better time for congressional "progressives" who are seeking to win over enough Democrats to pass the massive Biden-Pelosi $3.5 trillion infrastructure bill, which is loaded with enough pork to infect the nation with financial trichinosis.
The Pandora Papers, released by The International Consortium of Investigative Journalists (ICIJ) on Sunday, is not equivalent to the Pentagon Papers, which revealed how the U.S. government lied to the public about the Vietnam War, but it might serve the political ends of the left.
The papers reveal - wait for it - that rich people have managed to avoid paying taxes by hiding their wealth in foreign countries, such as the Cayman Islands. Who knew?
What I like best about this "revelation" is the double standard it again reveals about wealthy politicians who have been critics of tax avoiders, while avoiding taxes themselves.
One of many examples is former British Prime Minister Tony Blair, a critic of tax avoiders. The Pandora Papers journalists found that Blair and his wife, Cherie, who is a lawyer, avoided paying tax on a high-priced London office they purchased. Cherie Blair was quoted in The UK Daily Mail as saying the transaction and avoidance of tax was perfectly legal.
To paraphrase the writer Michael Kinsley, the real scandal is not what's illegal, but what's legal.
"The Rich go here, the rich go there
It's close to the truth but far from fair"
In that lyric lies the basic argument by the left when it comes to fairness. Politicians have a vested interest in demonizing the rich because envy of the successful helps solidify their careers in Washington, where they also can become rich. Ask yourself how many Members of Congress arrive as "thousand-aires" with annual salaries of $174,000 (leadership gets slightly more) and leave as millionaires. It isn't because they know how to play the stock market.
By focusing on "fairness" and other buzzwords like "equity" and "equality," these same politicians manage to distract the public from the real problem. To put it succinctly, as Ronald Reagan often did, we have a debt, not because the American people are taxed too little, but because their government spends too much.
"The rich stay cozy all winter
Stay cold the month of July"
How does what others make and how they choose to live affect your life? If you favor punishing the wealthy with higher taxes, how does that improve your financial situation? It might make you feel better, but envy produces no positive outcome.
The best way to retrieve offshore money from tax avoiders would be for the U.S. and Britain to lower taxes. That's what Donald Trump did for American companies that had moved overseas to escape a higher tax burden. A few companies returned and began paying taxes at a lower rate to the U.S. Treasury, most did not.
There remains the issue of revenue versus spending. The U.S. government receives plenty of money. The problem is it refuses to live within the means taxpayers provide it.
As for the rich, there are several ways to define the word. For some, true wealth comes in the form of a loving spouse, successful children, good health and a feeling that one's life has purpose.
As the puppets and main character Lili in "Carnival!" assess their own happiness in modest circumstances, they sing:
"But for all of the world, we wouldn't switch, we're glad we're rich."
But it doesn’t profile Americans.
That makes me think these are a CIA work product.
The Never Trumper Cal Thomas has always been on the cutting edge of society.
Tax avoidance is not a crime. In fact, accountants and lawyers are paid a fortune to devise avoidance schemes.
Charles Lindbergh was portrayed as a Nazi because he was an isolationist, but before that he was a recipient of elite favors on “the preferred list” of the big boys spreading around the strawberries & cream
I never said it was wrong or illegal.
Its just when I see “secrets revealed” for the rest of the world and not for Americans...I wonder why that is. Why shouldn’t the “whistleblowers” tell us where the “elite” are hiding their money?
I never said it was wrong or illegal.
I was not saying you did. Just pointing out a fact.
From what I gather, none of these investigating journalists is from the US. That bothered me. Seems we have no real investigative journalists these days aside from a few like John Solomon or the Veritas people. Maybe it is a CIA plot, I don’t know.
Is it coincidental this comes at the same time the dems are pushing “fair taxing”? Doubt it.
One thing these characters is on to which is legitimate is they point out the wealthy or crooks are not hiding their income, they are hiding their assets. Assets=wealth. Income is a means to acquire wealth.
When someone lambasts how much some CEO makes, I say if your name is on the building or product, what you pay yourself is not any ones concern. Envy is one of the 7 deadly sins.
Law makers do things for a reason $$$$$$$$$$$$$$$$$$$$$$$$$$$
I apologize for being “snappish.” I agree with all of your points.
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