The Paradise Papers, Economic Inequality, And The GOP Tax Cut Plan

Leaked papers revealing investments in tax havens by the world’s wealthy suggest U2 frontman Bono used a company based in low-tax Malta to buy part of a shopping mall in Lithuania, it was announced on Monday Nov. 6.
Leaked papers revealing investments in tax havens by the world's wealthy suggest U2 frontman Bono used a company based in low-tax Malta to buy part of a shopping mall in Lithuania, it was announced on Monday Nov. 6. AP Photo/Michel Euler, File
Leaked papers revealing investments in tax havens by the world’s wealthy suggest U2 frontman Bono used a company based in low-tax Malta to buy part of a shopping mall in Lithuania, it was announced on Monday Nov. 6.
Leaked papers revealing investments in tax havens by the world's wealthy suggest U2 frontman Bono used a company based in low-tax Malta to buy part of a shopping mall in Lithuania, it was announced on Monday Nov. 6. AP Photo/Michel Euler, File

The Paradise Papers, Economic Inequality, And The GOP Tax Cut Plan

Paradise Papers: Secrets of the Global Elite, an investigative report from The International Consortium of Investigative Journalists, underlined something most already knew: there is one set of tax rules for corporations and rich individuals, and another for the rest of us.

The Republican tax cut legislation currently moving through Congress would give corporations a super-low tax rate. The stated goal of the tax cuts is to encourage corporations to bring money back to the U.S.

We’ll talk with Jeffrey Winters, director of Northwestern University’s Equality Development and Globalization Studies Program, about why, in this era of increasing inequality, we are using the tax code to primarily benefit the rich, rather than level the playing field. Winters is author of the book, Oligarchy.