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"The major issue of our time is the rapid movement toward international oligarchy," Sen. Bernie Sanders (I-Vt.) declared in a statement to the Guardian on Monday, which noted that "Sanders' intervention in the debate sparked by the Paradise Papers marks the most prominent political response to the leak in their opening 24 hours."
Decrying a world "in which a handful of billionaires own and control a significant part of the global economy," Sanders said the trove of more than 13 million leaked documents detailing offshore dealings "shows how these billionaires and multinational corporations get richer by hiding their wealth and profits and avoid paying their fair share of taxes."
Sanders said the documents expose a "major problem not just for the U.S. but for governments throughout the world." According to the Guardian, he also
pointed the finger of blame for the flourishing of offshore holdings on both Congress and the Trump administration. He told the Guardian that Republicans in Congress were responsible for providing "even more tax breaks to profitable corporations like Apple and Nike."
The same tax breaks, he said, were being seized upon by super-wealthy members of Trump's cabinet "who avoid billions in U.S. taxes by shifting American jobs and profits to offshore tax havens. We need to close these loopholes and demand a fair and progressive tax system."
Sanders took to Twitter on Monday to call on Congress to investigate the Paradise Papers, adding his voice to growing demands for U.S. government action as several members of President Donald Trump's inner circle continue to be implicated in the leaked records and subsequent news reports.
\u201cBefore Congress considers a tax bill it must investigate the Paradise Papers. We must end the rapid movement toward international oligarchy. https://t.co/ygdTNiom5B\u201d— Bernie Sanders (@Bernie Sanders) 1509988280
Dear Common Dreams reader, The U.S. is on a fast track to authoritarianism like nothing I've ever seen. Meanwhile, corporate news outlets are utterly capitulating to Trump, twisting their coverage to avoid drawing his ire while lining up to stuff cash in his pockets. That's why I believe that Common Dreams is doing the best and most consequential reporting that we've ever done. Our small but mighty team is a progressive reporting powerhouse, covering the news every day that the corporate media never will. Our mission has always been simple: To inform. To inspire. And to ignite change for the common good. Now here's the key piece that I want all our readers to understand: None of this would be possible without your financial support. That's not just some fundraising cliche. It's the absolute and literal truth. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you. Will you donate now to help power the nonprofit, independent reporting of Common Dreams? Thank you for being a vital member of our community. Together, we can keep independent journalism alive when it’s needed most. - Craig Brown, Co-founder |
"The major issue of our time is the rapid movement toward international oligarchy," Sen. Bernie Sanders (I-Vt.) declared in a statement to the Guardian on Monday, which noted that "Sanders' intervention in the debate sparked by the Paradise Papers marks the most prominent political response to the leak in their opening 24 hours."
Decrying a world "in which a handful of billionaires own and control a significant part of the global economy," Sanders said the trove of more than 13 million leaked documents detailing offshore dealings "shows how these billionaires and multinational corporations get richer by hiding their wealth and profits and avoid paying their fair share of taxes."
Sanders said the documents expose a "major problem not just for the U.S. but for governments throughout the world." According to the Guardian, he also
pointed the finger of blame for the flourishing of offshore holdings on both Congress and the Trump administration. He told the Guardian that Republicans in Congress were responsible for providing "even more tax breaks to profitable corporations like Apple and Nike."
The same tax breaks, he said, were being seized upon by super-wealthy members of Trump's cabinet "who avoid billions in U.S. taxes by shifting American jobs and profits to offshore tax havens. We need to close these loopholes and demand a fair and progressive tax system."
Sanders took to Twitter on Monday to call on Congress to investigate the Paradise Papers, adding his voice to growing demands for U.S. government action as several members of President Donald Trump's inner circle continue to be implicated in the leaked records and subsequent news reports.
\u201cBefore Congress considers a tax bill it must investigate the Paradise Papers. We must end the rapid movement toward international oligarchy. https://t.co/ygdTNiom5B\u201d— Bernie Sanders (@Bernie Sanders) 1509988280
"The major issue of our time is the rapid movement toward international oligarchy," Sen. Bernie Sanders (I-Vt.) declared in a statement to the Guardian on Monday, which noted that "Sanders' intervention in the debate sparked by the Paradise Papers marks the most prominent political response to the leak in their opening 24 hours."
Decrying a world "in which a handful of billionaires own and control a significant part of the global economy," Sanders said the trove of more than 13 million leaked documents detailing offshore dealings "shows how these billionaires and multinational corporations get richer by hiding their wealth and profits and avoid paying their fair share of taxes."
Sanders said the documents expose a "major problem not just for the U.S. but for governments throughout the world." According to the Guardian, he also
pointed the finger of blame for the flourishing of offshore holdings on both Congress and the Trump administration. He told the Guardian that Republicans in Congress were responsible for providing "even more tax breaks to profitable corporations like Apple and Nike."
The same tax breaks, he said, were being seized upon by super-wealthy members of Trump's cabinet "who avoid billions in U.S. taxes by shifting American jobs and profits to offshore tax havens. We need to close these loopholes and demand a fair and progressive tax system."
Sanders took to Twitter on Monday to call on Congress to investigate the Paradise Papers, adding his voice to growing demands for U.S. government action as several members of President Donald Trump's inner circle continue to be implicated in the leaked records and subsequent news reports.
\u201cBefore Congress considers a tax bill it must investigate the Paradise Papers. We must end the rapid movement toward international oligarchy. https://t.co/ygdTNiom5B\u201d— Bernie Sanders (@Bernie Sanders) 1509988280