Justin’s note: People are outraged over the Paradise Papers.
The Paradise Papers are a collection of more than 13 million confidential documents. They relate to offshore investments.
Someone stole these documents from Appleby, a law firm based in Bermuda, and leaked them to the press.
But that’s not why people are upset. Instead, they’re mad that rich people are using offshore accounts to pay less taxes.
It’s completely ridiculous. So, to make sense of this, I called Doug Casey…
Justin: Doug, what do you make of all this hysteria surrounding the Paradise Papers? Should the public be upset, or even surprised, that rich people are trying to reduce their tax burden?
Doug: It’s a sign of the times for several reasons. And none of them are good. It’s a sign of terminal moral sickness.
Continue reading “Doug Casey on the Paradise Papers”
