April 6th, 2016 07:10 AM
One of the biggest leaks of financial documents to ever be leaked was dumped recently. These documents are called the Panama Papers after a law firm who leaked the papers. Inside these documents is the names of many rich, famous, and powerful people and a paper trail of how each one avoids paying taxes in their respective countries.
This scandal has huge implications and we will see politicians resigning all over the world. It has already started with the Prime Minister of Iceland and it won’t stop there. It sounds like the Law firm Mossack Fonseca is used by lots of politicians. Here is a quick video explaining what happened.
This is a perfect example of why Americans do not trust politicians. They haven’t shut these operations down because there are too many politicians probably using them to hide their own money. Celebrities too! They talk a big game but when it comes to paying taxes they want nothing to do with it.
If you ever go to Ft. Lauderdale Florida, you can take a water taxi ride through the canals and see all of the rich and powerful yachts. Michael Bloomberg has a yacht, the Arabic Oil Tycoon has a yacht, Steven Spielberg has a yacht and guess what flag flies on the flag poles of those yachts? A Cayman Islands flag. They register their mega yachts that cost at least tens of millions of dollars in the Cayman Islands to avoid paying American taxes.
Don’t believe me, take a look for yourself. Hers Steven Spielberg’s yacht.
Pakistani-American Billionaire and owner of Jacksonville Jaguars Shahid Khan. The ‘Kismet’ is not registered in the US and is the biggest Yacht in Ft. Lauderdale worth over $200 million. It can be rented for over $1.2 million dollars a week (gas not included).
And don’t worry Michael we didn’t forget you. Check out that red flag flying from the back of the boat. In fact, when I was down in Florida on the water taxi, the company was “Urged” to not tell the passengers whose Yacht this was. Which means he or his people are probably trying to hide it as much as possible because it looks so bad from his political standpoint. It was hard finding almost anything online too. He doesn’t want people knowing about his Cayman registered mansion on the water.
These are the reasons people don’t like you. You are some of the richest people on the planet and still don’t have the decency to pay taxes to your nation while at the same time in many circumstances advocating or even being a law maker and imposing taxes on the American people who can’t afford it.
Why do you think Donald Trump and Bernie Sanders are doing so well? Politicians have lost the trust of millions of Americans and the Panama Papers, like the just like the Mega-Yachts registered in the Cayman Islands, or even the money stored in Cayman Island banks, all just another example of the hypocrisy of the rich and powerful and how they will continue to fight for their own wealth and power.