The rich have been winning, but maybe the tide can turn. The plutocracy is deeply dug in. What's fascinating right now is the american people get it. About 70 % of the public says, raise taxes on the rich and the companies. So we're not seeing the mistake or the propaganda affecting the public opinion. And that's why another plank of the republican party, a platform, as it were, is voter suppression.
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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