The Pandora Papers: The Wealth Defense Industry and its Methods to Protect, Hide and Expand Wealth Inequality.
What type of political economic system during economic downturns produces as its initial and most consistent response, policies that rescue and compensate the losses of its most wealthy 1% while largely neglecting the interests of the 99% which include tens of millions of Americans on the brink of losing their jobs and their homes?
Special guest, author, investigative journalist, and Director of Inequality.org Chuck Collins joins Bringing Light Into Darkness tonight to discuss the Pandora Papers and to unveil the hidden wealth system and its techniques of hiding and protecting that wealth from proper taxation. The impact is that the rest of the public picks up that tab. The Pandora Papers are a trove of some 12 million records, revealing and exposing the finances of the world’s wealthy elite. Chuck Collins is author of the book, The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions.
Gross wealth inequality arguably is the greatest poison to democracy everywhere and it is one most underreported news items within our mainstream media, whose job it seems is to distract attention from this profound unfairness. Our guest shares the fact that 70% or more of US citizens support the concept that the richest should pay their fair share of taxes yet it does not happen. We discuss how such levels of wealth disparity distorts any chance of democracy in such a way that the majority interest and will is overwhelmed and trumped by the power of wealth in such a way that the political system becomes uncapable of implementing the will of the majority population. It shows how much the power of wealth can block democratic change.
Our guest describes this profoundly undemocratic reality this way, “I think part of the pickle we are in is as wealth concentrates in fewer hands, those wealthy people deploy their power, their wealth and power to rig the rules to get more wealth and power. It becomes kind of a vicious cycle.”
This show unveils how wealth translates into power as well as the tools the ‘wealth defense industry’ has at tits disposal, and how this hidden wealth system acts against the popular will and best interest of the majority population. This profoundly negative impact on democracy is realized by increasingly blocking opportunities for everyone else.
Pgatos pgatos00@gmail.com 10/11/2021
If you are not careful, the newspapers will have you hating the people who are being oppressed and loving the people who are doing the oppressing. Malcolm X