In
this Opinion Story, an Economics professor talks about the revelations brought by the
Secrecy For Sale project and the ICIJ.
The heads of the worlds major banks - those who demanded and got
trillion dollar bailouts and who now demand austerity programs to
balance government budgets - preside over institutions that make money
helping the rich escape taxation.
Hiding money in the ways and amounts lately revealed by the ICIJ is a
deep kind of social corruption. It goes beyond questions of legality to
the heart of modern political economy.
The real question is whether the people hurt by this behavior will change the system that promotes and rewards it.
See
this video on how easy it is to hide money.
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