Ever wondered how those with over $30 million maintain and grow their wealth while paying bare minimum taxes? Join us as we unveil the dark underbelly of wealth accumulation and preservation with Chuck Collins, acclaimed author of 'Wealth Hoarders'. In a candid conversation, Collins unravels the complex web of the wealth defense industry, detailing how the wealthy maneuver their fortunes off the balance sheets, and shockingly, position the US as their preferred tax haven. How has the U.S. become the favored country for Russian oligarchs, criminals and drug lords to hide their ill gotten gains? The revelations don't stop there. We delve deeper into the grim consequences of hidden wealth on our local communities. Examining the Getty family's tax evasion strategies that ran California a loss of $300 million, the manipulation of South Dakota's trust industry to allow wealth to accumulate forever beyond taxation, and the rising ghost neighborhoods as a result of hidden wealth driving up housing prices - it's all here. And for those seeking solutions, Collins doesn't disappoint. We discuss how the US and UK can spearhead a global transparency system, and highlight revealing films like 'The Laundromat' and 'We're Not Broke'. Get ready for a compelling dialogue that starkly exposes vast wealth disparities and the urgent need for reform.https://inequality.orghttps://www.icij.orghttps://www.chuckcollinswrites.comWatch the trailer for The Laundromat here: https://www.youtube.com/watch?v=wuBRcfe4bSoWatch We're Not Broke here - free: https://www.youtube.com/watch?v=TPHlhzRSEnwIf you enjoyed this show, please leave a positive review and share with your friends. Thank you! Osha

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related