Oct 11, 2021
An international journalists’ organization reported in its Pandora list how rich people hide their money: they put cash into property or stash it in so-called tax havens all over the world. The rich have their lawyers and accountants make up shell corporations. This Pandora list includes kings, princes, nobility, dictators, presidents and prime ministers.
None of this is a surprise. Every trick of these wealthy parasites has already been used by corporations for as long as capital has existed, not just decades but centuries.
We just forget what the rich, their political lackeys and the earliest corporations used to do: buy up all the gold and silver, or the tulips or the tea; grab free land to make fortunes in railroads; guarantee profits with military contracts; re-write the tax code every 10 years, so that this industry or that one won’t pay taxes. That’s why oil got the nickname “black gold.”
We forget there is a list published every year of dozens of the largest corporations in the U.S. finding legal ways to pay no taxes, like Microsoft or Amazon or Walmart. Apple has left more than 200 BILLION dollars in Ireland to avoid paying U.S. taxes.
As a rich woman once put it, “Only little people pay taxes.”