The Panama Papers: Waiting for the other shoe to drop
I speak of the “Panama Papers” revelations. We are told there are more to come.
And could the “more” shake up the already shaky presidential primary races?
Could Donald Trump, who has yet to release any of his tax returns, be mixed up in the off-shore tax-evasion? What are the odds? Would you be surprised if Trump paid no taxes at all?
Trump has already confessed his proud affinity to greed. Hiding assets would be just another manifestation of it. Oh, and the evasions, as they say, are “perfectly legal.”
That true enough. But are they ethical. They means that the rest of us who are “stupid,” in Trump’s eyes, are making up for the lost tax revenue through the checks we responsibly write to the IRS.
That’s right, you and I could be paying Donald Trump’s tax liability, which is passed on to us.
The lost tax revenue also means that our schools are underfunded, veterans are forced to live on the streets and the nation’s infrastructure continues to crumble. The list goes on and on…
And then there’s Hillary Clinton.
Of course we don’t know (yet?) if the Clintons have been hiding assets off-shore, out of sight of the IRS, but we do know that they are cozy with the Saudi Royal family. The Saudis are big donors to the Clinton Foundation. It should come as no surprise that Saudi King Salman is in the massive data base of the Mossack Fonseca law firm, which administers these tax dodges.
And what about the big-dollar donors to the Clinton campaign? Could their contributions be ill-gotten gains stemming from off-shore tax dodges? If so, will Hillary give the money back or perhaps turn it over to the government?
If (or when) the other shoe drops, in the words of Bernie Sanders, it could feed the much-needed “revolution.”