I’m Calling It
Perhaps you’ve seen something in the news about these “Panama Papers”. It seems the rabble within concerned online communities are frothing at the mouth over the thought that their ruling elites will somehow be held accountable, and justice will rain down from heaven upon those evil doers.
Whatever.
So the PM of Iceland stepped aside for a bit, a few world leaders acted like they were squirming a little, and a few calls for action were made, but the bottom line is this: Those in power will sacrifice a few of their members who’ve been getting a little sloppy lately, while the rest of them vindicate themselves and introduce new legislation that will promise to crack down on these “shell companies”.
Will this stop the practice? The reality of the situation implies something else… The rich and powerful will move on to their next secret tax haven. What is it? No one knows yet because it’s a secret, but rest assured they have plenty of backup plans. Meanwhile the rest of us will be burdened with some kind of bureaucratic red tape to remind us that our government is doing something about it. (Which is mainly forcing us to hop through more red tape so we don’t have the time and energy to deal with the fact that nothing’s really changed.)
So there… I’ve called it. Only time will tell if I’m right, but check back in about a year and tell me if I’m wrong.
Pax,
-f2x