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The Lookout | March 24, 2019

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Lifestyles of the rich and scandalous

Lifestyles of the rich and scandalous
The Lookout

Do you ever wish you could avoid doing your taxes, not get penalized and actually make more money in the process?

Sounds great, huh?  Well, I am going to tell you exactly how you can accomplish this in just a few words: Become a rich politician.

According to an article at, media outlets received the largest data leak in history on April 3.

The leak, referred to as the Panama Papers, contains records from the world’s fourth largest offshore law firm, Mossack Fonseca, from 1977 to 2015.

The papers, which were leaked by an anonymous source to the German newspaper Sueddeutsche Zeitung, contain over 11.5 million pieces of data.

The documents, which were examined and investigated for the past year by the International Consortium of Investigative Journalists, were finally made public on April 3.

The information found in the leaks is startling. It reveals evidence of 143 politicians using offshore accounts to avoid paying taxes as well as launder money.

Among the biggest politicians named was current President of Russia Vladimir Putin, who according to the papers has $2 billion attached to his name.

The leaks also revealed that money from these accounts was used for such illegal activities as bribery, arms dealing and drug trafficking.

One of the biggest repercussions since the documents’ release has been an announcement from Prime Minister of Iceland Sigmundur Gunnlaugsson.

Gunnlaugsson, who had millions of dollars in an offshore company, sold the company to his wife under an assumed name for $1.

Other than the politicians who make the decision to resign their positions, what consequences will come of these leaks?

I’ll say this much, if someone not of a political or elite stature was caught in a scandal like this, they would be behind bars.

How is it OK for the elite to continue to take advantage of their position and have no consequences for their actions?

Something needs to give. Whether it is through the people protesting or other political parties stepping in, these world leaders need to set an example for the countries they are leading.

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