The Tension Between Economics and Politics

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President byden has already had to reduce the amount of corporation tax that he is now fighting for, you know, from 28 % down to just over 26%. The rich don't even want to pay one percent more. And then we hear again, typically from the republicans, o, we can't afford to do more. It's so sad a to cut the size of spending. I think american society and American democracy are really on the line onow.

The recent publication of The Pandora Papers, a trove of 12 million financial documents obtained by the International Consortium of Investigative Journalists, has once again shone a spotlight on secret offshore accounts and tax loopholes. The papers contain the financial dealings and global influence of billionaires, world leaders and politicians, plus many more. They also highlight how ineffective governments can be in preventing manipulation of tax rules for the gains of the super rich. In order to understand how this imbalance occurs and how it fits into the global financial picture, journalist Razia Iqbal spoke with Jeffrey Sachs, one of the world's most foremost economists, to pick through the paper trail.

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