johnbatchelor-panama-papers-the-overtaxed-states mp3

Panama Papers, the Overtaxed States, the 1%. @danhenninger, WSJ Editorial. Paul Gregory, @hooverinst.

John Batchelor april 7,2016 mp3


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Panama Papers, the Overtaxed States, the 1%. @dan Henninger, WSJ Editorial. Paul Gregory, Hoover.

“...Most governments, including ours, overtax their citizens to feed their own insatiable need for money. Then the legal thieves running the government and their cronies, unwilling to abide the tax levels they created, move their wealth offshore to places like Panama. Arguably, all the world’s people should be able to move their assets “offshore” to escape governments that are smothering economic life and growth, which has stalled in the U.S., Europe and Asia.

“Speaking of crocodile tears, Barack Obama spent Tuesday bragging that corporate tax inversions are akin to Panama Papers’ tax avoidance. Mr. Obama said “corporations,” another swearword invoked by Bernie Sanders at every stop, are “gaming the system.”

“Well what about that “system?” Mr. Obama is saying, with Bernie Sanders and Hillary Clinton in his echo chamber, that U.S. corporations should suck it up on the U.S.’s 35% corporate tax rate, the developed world’s highest, and simply send that money to him. Why? Because he’s gotta have it. To spend...."

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http://www.wsj.com/articles/panama-bernie-1459984539

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http://www.forbes.com/sites/paulroderickgregory/2016/04/05/putin-caught-in-huge-panama-papers-scandal/#1ceddb054eb2

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http://www.forbes.com/sites/theapothecary/2016/04/05/barack-obama-extols-cubas-slave-labor-medical-care/2/#7ebcf0823ff3

http://www.theguardian.com/news/2016/apr/07/how-mossack-fonseca-offshore-helped-fight-modigliani-painting-stolen-nazis-panama-papers