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Why have we built a paradise for offshore billionaires?

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'What we have learned FROM THE  PARADISE  PAPERS is how much the rich and the virtuous have been hiding away and where they’re hiding it. There’s also our favorite actors and singers. Our beloved alma mater, supposedly a charitable institution. Everyone with money seems to be in on it.We’re also learning that maybe we’ve had it backwards all along. Tax havens on some tropical island aren’t some sideshow to western capitalism; they are a central reality. Those hidden billions are like an unseen planet whose gravity is pulling our politics and our economy always in a certain direction. And this week we finally began to understand what that uncharted planet looks like; we started to grasp its mass and its power. 'We endure potholes and live in fear of collapsing highway bridges because our leaders wanted these very special people to have an even larger second yacht. '

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At www.theguardian.com

 

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Susan Lee Schwartz Social Media Pages: Facebook Page       Twitter Page       Linked In Page       Instagram Page

I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

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