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Pandora Papers
- loufe 5y agoSo long as wages for top politicians remain not top CEO-level (IMO causing corruption to make up for difficulty and investment made in getting into power) and countries compete in a race to the bottom for taxes and secrecy (which allows for such a system to exist) I really don't see the end of the offshore phenomenon. We really need to push our leaders to action on this issue. The global minimum tax initiative and corruption drives are a start. In my fantasy all-powerful yet noble leader of a country I'd go so far as embargos on nations and sanctions on wealthy individuals to discourage this tax cheating, alas. Shame on tax cheaters, you're stealing from your neighbours.
- pessimizer 5y ago> So long as wages for top politicians remain not top CEO-level Remember, of course, that there are two ways to fix this.
- loufe 5y agoI see what you mean. I wonder if while cutting CEO pay if we're cutting into meritocracy as a path to financial success and just further enlarging the slice of the pie for existing holders of capital. Right? I understand that wages are obscene but at least they're wages paid to people actively working. Holders of capital have a job to play as well as they seek the best place to invest it, but I feel like capitalism isn't stretching well to the 21st century canvas.
- mplewis 5y agoWhat?
- namdnay 5y agoHaving a CEO-level salary didn’t stop Ghosn from cheating
- TomSwirly 5y agoHas it occured to you that trying to find leaders on the basis of greed might be a reason that things aren't going so well? Maybe we should be paying politicians less and having a cap on their net wealth instead. And before you say anything - there are plenty of very very competent people who would do the job, just not the rich.
- dang 5y agoComments moved to https://news.ycombinator.com/item?id=28738407 https://news.ycombinator.com/item?id=28738407.