Discussion: Panama Papers Mass Data Disclosure Prompts Probes, Questions Of International Tax Evasion

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As if we needed any more proof that the top 1%, internationally, have rigged the system so that the rest of us are supporting them.

This is what eventually produces violent social revolutions.

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It will be interesting to see which US politicians and corporations are involved.

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I love how fast everyone is saying that they will fully investigate everything that comes to light. Because obviously they had no power to investigate anything about tax evasion and money laundering before some random hacker delivered the goods.

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Past time to demand the entire list and let the people decide.

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Asked for comment about the host of foreigners caught cheating on their taxes, Mitt Romney said “amateurs.”

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Cue some media outrage and some wrists being slapped. But, c’mon…anyone surprised? Although it’s outrageous and almost strains credulity that people have gotten away with it for so long, will there be major repercussions?
One hopes…but color me very, very…very skeptical.

Hmmmm…The Wikileaks downpour shined a light on much of this, and all that came of it was, primarily, trying to put Julian Assange in jail. And I’m sure Putin is just quaking in his boots!

F. Scott Fitzgerald: “The rich are different.”
Earnest Hemingway: “Yup. They have all the money.”

“What do I care about the law. Ain’t I got the power?” ___ Cornelius Vanderbilt

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Make the Federal Reserve be the distributer of all income, awards, winnings, settlements, trusts… etc for citizens (including corporations - which are ‘citizens’) and government (federal and state and local). Keep centralized records of every penny earned (or stolen) at the IRS. And audit EVERY person/business every third year. Not for nothing, but 47 years ago we put a man on the moon. Today, we can track almost every star in the sky, every man-made satellite, every fart from every extraterrestrial… So, we most certainly can and should be able to account for every cent that is touched by our economic system. Let’s admit it! We are mostly a bunch of dishonest bastards (some, WAY more than others)! So start shedding light on the problem and maybe we can make it a better financed country, rather than a friggin’ big casino.

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The title of this article is a bit of an understatement. It must’ve been written by a billionaire. These papers don’t just reveal “tax evasion” they lay bare the way the world works. They pull back the curtain on an international plutocracy that affects everyone on earth. Were all getting fucked by these guys ( Kings, Queens, billionaires and other “leaders” ) and have been for some time. There’s 12 million docs in that dump…it’s going to get a lot worse.

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I think that this is going to be a tremendously huge story, internationally. In some cases, it could be politically destabilizing. There’s a lot of information which over 100 journalists have spent the past year combing through. This isn’t going away any time soon.

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But he [Ramon Fonseca, a co-founder of Mossack Fonseca — one of the world’s largest creators of shell companies] … said the firm did not engage in any wrongdoing.

To rich people “did not engage in any wrongdoing” means they did not break the law, at least not in any way you could prove. If there was no “quid pro quo”, then it doesn’t matter, even if it was immoral and unethical.

When you’ve bought the politicians and have the law custom-written for your needs, not breaking the law is easy. In the crash of 2008, apparently no laws were broken, at least none the Obama administration cared to pursue.

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Couldn’t help but notice Citibank and HSBC right at the top of the list, just one week after they were implicated in the massive UnaOil bribery scandal last week. It is hard to believe that the story bribery wasn’t bigger in the press, but this one sure is. Time to take these bastards down.

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“If you want to know what God thinks of money, just look at the people he gave it to.” — Dorothy Parker

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Legal Regal Loyal Royal

These words are forever tied together in a weave that refuses to reveal what is hiding inside the weave. The Regal class long ago established the legal constructs of society in a way that benefits, guess who. Legal and loyal are related in an ancient bond: the laws are written to protect the property owners. Thus that which is legal is loyal to the royal, thus what is legal is at once regal.
(with help from the O.E.D.)

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Money–The Lingua of the Riche

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Not many actually. Our rules are friendly enough to let them do what they want without having to go to the same lengths to hide it.

That’s not the case for the Chinese, Russians and the people from Iceland.

Look at Romney, no one demanded to see why his IRA had 100 million dollars in it.

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This wasn’t a random hacker, this was better, a whistleblower.

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The data dated from 1977 through the end of 2015, it said.

Holy heck, this outfit was thorough – good for them!

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Now, if we can only get a canary in the Cayman Islands to sing, we’ll get this in 3-D Technicolor…

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Yeah, that was appalling.

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