#1450 Tax the Mother-Forking Rich (Pandora Papers and other Financial Tricks)
Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy
Jay Tomlinson
4.5 • 3.4K Ratings
🗓️ 23 October 2021
⏱️ 63 minutes
🧾️ Download transcript
Summary
Air Date 10/23/2021
Today we take a look at a few of the ways that enormous corporate and personal and family wealth is being hidden around the world, most prominently in the United States.
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SHOW NOTES
Ch. 1: The Pandora Papers Reveal a Shadow Economy - On the Media - Air Date 10-8-21
Gerard Ryle [@RyleGerard], director of the International Consortium of Investigative Journalists, on how the Pandora Papers unmask hidden owners of offshore companies. Plus, what the papers might mean for the future of cooperative journalism.
Ch. 2: Pandora Papers, Explained Part 1 - Fresh Air - Air Date 10-14-21
We talk with 'Washington Post' reporter Greg Miller about what the some 12 million documents of the Pandora Papers tell us about these hidden assets.
Ch. 3: We set up an offshore company in a tax haven - Planet Money - Air Date 10-6-21
The Pandora Papers released this week reveal how many world leaders allegedly hold wealth through the use of shell companies. We listen back to when we set up our very own Planet Money shell companies.
Ch. 4: Pandora Papers, Explained Part 2 - Fresh Air - Air Date 10-14-21
Treasury Secretary Janet Yellen has called for a global corporate minimum tax. Ian Bremmer, president of Eurasia Group and GZero Media, talks about how that would affect the US economy, and looks abroad to who it would help, and who it would hurt.
Ch. 6: On dynastic wealth in America w Chuck Collins Part 1 - This is Hell! - Air Date 10-12-21
Chuck Collins on the IPS report "Silver spoon oligarchs: How America’s 50 Largest Inherited-Wealth Dynasties Accelerate Inequality."
The Pandora Papers have revealed how the super-wealthy shaft the rest of us. but why aren't billionaires from US in the papers? Chuck Collins joins Thom to reveal the secrets of the super rich.
Ch. 8: On dynastic wealth in America w Chuck Collins Part 2 - This is Hell! - Air Date 10-12-21
MEMBERS-ONLY BONUS CLIP(S)
On this episode, originally recorded and released in October 2019, Anand joins Nick and Goldy to explain how do-gooding can perpetuate inequality.
Ch. 10: On dynastic wealth in America w Chuck Collins Part 3 - This is Hell! - Air Date 10-12-21
FINAL COMMENTS
Ch. 11: Final comments giving a mental health update
MUSIC (Blue Dot Sessions):
- Opening Theme: Loving Acoustic Instrumental by John Douglas Orr
- Voicemail Music: Low Key Lost Feeling Electro by Alex Stinnent
- Activism Music: This Fickle World by Theo Bard (https://theobard.bandcamp.com/track/this-fickle-world)
- Closing Music: Upbeat Laid Back Indie Rock by Alex Stinnent
SHOW IMAGE:
Description: The words "Tax the Rich" are written in black and red marker on a manila folder. A protester, whose hands can be seen on each side of the folder, holds up the folder to the camera.
Credit: "Tax the rich at Occupy Wall Street" by Timothy Krause, Flickr | License | Changes: Cropped, increased contrast and saturation
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Transcript
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| 0:00.0 | Welcome to this episode of the award-winning Best of Left podcast in which we shall take |
| 0:07.2 | a look at a few of the ways that enormous corporate, personal, and family wealth is being |
| 0:12.9 | hidden around the world, most prominently in the United States. |
| 0:17.8 | Clips today are from On the Media, Fresh Air, Planet Money, The Brian Lairer Show, This |
| 0:24.0 | is Hell, The Tom Hartman Program, and Pitch for Economics. |
| 0:34.1 | Five years ago, we spoke about the last huge global reporting project that you directed, |
| 0:39.9 | The Panama Papers. |
| 0:41.8 | This week, ICIJ launched the Pandora Papers and Partnership with what around 150 media |
| 0:48.7 | partners worldwide, and both of these projects involved an unprecedented collaboration among |
| 0:54.8 | journalists and both revealed how massive amounts of money are secretly moved through |
| 1:00.1 | offshore accounts. |
| 1:01.9 | So can you compare this project, Pandora, to the Panama Papers? |
| 1:09.2 | The Panama Papers was based on one offshore service provider in Panama called Mossack |
| 1:14.3 | Fonseca. |
| 1:15.5 | This is much more global, it actually involves 14 different service providers, so 14 different |
| 1:21.0 | law firms in multiple jurisdictions around the world. |
| 1:24.7 | And the names are bigger, 35 current and former world leaders, more than 330 politicians |
| 1:32.0 | or elected officials. |
| 1:33.0 | And we're being very conservative in the numbers that we are publishing. |
| 1:36.8 | We're pretty confident that you've always got twice as many politicians that we're coming |
| 1:40.6 | out with. |
| 1:41.6 | Well, stick with the Panama Papers for a moment longer. |
... |
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