Panama Bernie Bernie Sanders’s politics produced the Panama Papers. By Daniel Henninger
http://www.wsj.com/articles/panama-bernie-1459984539
Bernie Sanders caused the Panama Papers. Bernie of Vermont didn’t do it by himself, of course. The world’s most famous socialist, and Hillary Clinton’s albatross, had a lot of help. Spare me the crocodile tears over the immorality of tax avoidance. Panama is an indictment of government greed.
After World War II, the governments of the West established tax regimes to support the reconstruction of their nations. Six decades later, that tax machinery, which runs the social-welfare states in the countries Bernie Sanders cites in every campaign stop as a model for America, has run totally amok—an unaccountable, devouring monster. Billionaires aren’t the only ones who run from it.
Most governments, including ours, overtax their citizens to feed their own insatiable need for money. Then the legal thieves running the government and their cronies, unwilling to abide the tax levels they created, move their wealth offshore to places like Panama. Arguably, all the world’s people should be able to move their assets “offshore” to escape governments that are smothering economic life and growth, which has stalled in the U.S., Europe and Asia.
Speaking of crocodile tears, Barack Obama spent Tuesday bragging that corporate tax inversions are akin to Panama Papers’ tax avoidance. Mr. Obama said “corporations,” another swearword invoked by Bernie Sanders at every stop, are “gaming the system.” CONTINUE AT SITE
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