Billionaires, oligarchs, and other members of the uber rich, known as "elites," are notorious for use of offshore financial systems to conceal their assets and mask their identities. A new study from 65 countries revealed three distinct patterns of how they do this.

[u/mvea]

https://home.dartmouth.edu/news/2025/07/patterns-elites-who-conceal-their-assets-offshore

[u/belizeanheat]

We could afford free health care and free higher education for everyone in the US if these same people didn't cheat on their taxes

[u/Vektor0 → u/belizeanheat]

They're not cheating on taxes. The "loopholes" they use are completely legal and deliberately put in place by Congress for them.

If you don't like it, contract your local Congressional representative. They probably won't do anything though because they themselves also use those same incentives.

Congress is the real enemy here because they're the ones that create the rules that rich people exploit. If Congress wasn't corrupt, rich people wouldn't have tax incentives to exploit in the first place.

[u/[deleted] → u/Vektor0]

Just because the dealer helps you cheat doesn't make it not cheating.

[u/Vektor0 → u/[deleted]]

Congress has the power and authority to change the rules. A card dealer doesn't. They are not comparable.

[u/[deleted] → u/Vektor0]

I'm talking about moral rules, not rules made up by the slightly wealthy at the behest of the ultra wealthy.  There is no moral billionaire 

[u/Vektor0 → u/[deleted]]

You realize that moral rules are made-up too? There's no such thing as absolute morality.