Author: David Williams

How Business Titans, Pop Stars and Royals Hide Their Wealth

Records from an offshore hideaway show how an American billionaire grew one of the world’s largest trusts and another owned part of a company accused of exploiting the poor. The Paradise Papers, released over the weekend by the International Consortium of Investigative Journalists, expose a secretive offshore financial system that the megarich use to dodge paying taxes. The more than 13 million documents have been pored over by almost 400 journalists around the world, but more time is needed before the importance of their contents are fully understood.

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This Year’s Crazy Fires, Freezes, and Floods Cost Farmers At Least $7 Billion

Totally destructive drought, fires, floods, hurricanes, late freezes… “Relentless recurrence of such events appears to the shape of things to come. In a 2013 peer-reviewed paper, federal researchers found that the “frequency of billion dollar mega-disasters” like the ones that hit Texas, Florida, Puerto Rico, and California wine country have shown a “statistically significant increasing trend” of about 5 percent annually over the past several decades.”

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The Republican ‘tax plan’ is getting bad reviews from the public—and from Republican allies

The Trump administration says it has a “bright line test” that the president won’t support any tax bill that does not give the middle class relief on their taxes. The “Tax Cuts And Jobs Act” that House Republicans released Thursday appears to violate that vow, at least for some middle-class taxpayers. “JCT’s estimates show that this bill is heavily tilted toward the wealthy,” says Lily Batchelder, a tax law professor at New York University and former member of President Obama’s National Economic Council.

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ALEC – A Legislator for Every Corporation

In state houses around the country, hundreds of pieces of boilerplate ALEC legislation are proposed or enacted that would, among other things, dilute collective bargaining rights, make it harder for some Americans to vote, and limit corporate liability for harm caused to consumers — each accomplished without the public ever knowing who’s behind it.
“All of us here are very familiar with ALEC and the influence that ALEC has with many of the [legislative] members,” says Arizona State Senator Steve Farley. “Corporations have the right to present their arguments, but they don’t have the right to do it secretly.”

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