There's a lot of screaming of late on both sides in what could be labeled the pot calling the kettle black among the wealthy, left and right. And the recent Panama Papers added to the fray.
Here's an interesting take on the subject from the UK. This time those wealthy on the left being called out.
The Left-wing war on privilege is hypocritical to say the least. Labour is not a vanguard of equality. Its ranks are stuffed with well-heeled family members, including the sons of former leaders – such as Stephen Kinnock MP, who is also married to a retired Danish prime minister. Lord Kinnock, his father, reportedly earned a total salary of £1.85 million as an EU commissioner and was much criticised for the pay-off he took when he stepped down. The Miliband brothers rewrote their late father’s will, cutting their inheritance tax bill.
The Left ought to be a lot more careful when talking about tax. Jeremy Corbyn has tried to exploit David Cameron’s perfectly legal and ethical investment in an offshore company to trigger a phony war against tax dodging. But recent investigations into the arrangements of another former Labour leader suggest that the Left might be casting stones inside a fragile glass house. It has emerged that Tony Blair used a secret trust to manage his multi-million pound fortune. Interest-in-possession trusts do not have to file accounts, and can offer significant tax advantages, including the possibility of passing on wealth to children free of tax. Mr Blair’s lawyers, however, spoke only of his desire for privacy in setting up the trust and insist that it does not give him a tax advantage. More:
telegraph.co.uk/opinion/2016/04/17/the-left-has-double-standards-on-wealth
The same can be said for the U.S. People get it.
The same can be said for the U.S. People get it.
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