Posted by: coastcontact | April 5, 2016

The Rich and Influential will Continue Their Happy Lives

The International Consortium of Investigative Journalists published a massive leak of documents, dubbed the Panama Papers. Many media companies are printing and posting articles about the apparent leak of the documents. You can find more detail in the Los Angeles Times, on CNN, in The Washington Post, etc.

As I see this divulgence of secret bank accounts is an exposure of what we all in our hearts suspected but could never prove. That is that the very wealthy and the very well connected have found ways to hide their real wealth from the public. Some of that wealth may have been stolen and some has been hidden to avoid taxes.

The impact may be considerable for some but most of those powerful people will avoid prosecution. Some in the media will probably find some juicy items that will be published.

Those holding public office who are listed in those documents may lose their positions but do they really care? After all they still have their wealth.

Iceland Prime Minister

Iceland’s prime minister, Sigmundur David Gunnlaugsson, resigned Tuesday amid fallout from the Panama Papers disclosures detailing an offshore company held by his wife.

They will be seeing their friends on the golf courses, tennis courts, and fancy parties.

You and I now know that our suspicions could be supported but nothing will change.


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