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Active Debate: Panama Papers

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Panama Papers

 
Apr 7
2016
Categories
Economics, News
11
4
7

I’m sure everyone’s heard of the Panama Papers by this point. A bunch of the world’s rich and famous have been caught using offshore bank accounts to conceal their wealth and/or avoid taxes. I would argue that these people have done nothing wrong. Our taxes go to the government in order for it to provide us with public services. These people don’t use public services. Their kids go to private schools, they have private security, they don’t use public transportation, they have private medical care, etc. Why should they owe so much in return for things they don’t use? Even with hiding some of their money offshore, they still pay a ton more than they should. 



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