Pandora Papers show the US has become its own tax haven for super-rich

There’s been a lot of news this week—so much news, in fact, that one of the biggest global stories in recent memory has seemingly gotten buried under the deluge of headlines. Just days ago, as Brett Wilkins writes, “what’s being called the ‘biggest-ever leak of offshore data’” involved the publication of “a cache of nearly 12 million documents” exposing “the hidden wealth, secret dealings, and corruption of hundreds of world leaders, billionaires, public officials, celebrities, and others.” Like the Panama Papers (2016) and the Paradise Papers (2017), the Pandora Papers leak provides definitive evidence that the super-rich are ripping all of us off, siphoning inordinate amounts of wealth away from our societies, stashing it for themselves, and using their power and influence to rig political and economic systems in their favor.

In the second segment of this week’s Marc Steiner Show, Marc and Chuck Collins from the Institute for Policy Studies walk listeners through the importance of the Pandora Papers leak, what the documents reveal, and what we can do to stop the pillaging of our societies by the super-rich. Chuck Collins is the director of the Program on Inequality and the Common Good at the Institute for Policy Studies, where he co-edits the IPS website Inequality.org. He is also the author of Born on Third Base: A One Percenter Makes the Case for Tackling Inequality, Bringing Wealth Home, and Committing to the Common Good.

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