I am not sure that any of the information regarding taxes, etc is valid. Wealthy people, worldwide, hold assets in what ever country makes the most tax sense. They don’t have IRAs, which when you take a distribution you are taxed on it as income, and not as capital gains. If you are wealthy , that is a higher tax than you would pay as capital gains. And yes there are tax laws, but they are very complicated, even for people who only have small or moderate wealth (low millions, etc). And most people of wealth have foreign investments so there are complicated tax treaties, etc. Wendy’s discussion of this seems almost naive.
Excellent reporting on the finances of the elite. I’m glad congress is focusing on this and not just the sex exploitation because it is money and power that enables those exploits.
I appreciate the effort at analysis of Epstein yet find the lauding of philanthropy troubling as it seems to prop up and legitimize the very system that produces the inequities the philanthropy ostensibly seeks to ameliorate. So individuals are enriched via extraction and exploitation and then empowered to give or not as they see fit to address the very exploitation that was central to their wealth while retaining the power to decide who and what is worthy of funding? Yuck. Also, you gloss over the role of systemic racism and misogyny when characterizing the wealthy as “brilliant innovators. “ To discuss the wealthy without naming the conditions by which they were able to amass their fortune seems problematic when attempting to analyze Epstein. Given you both seem familiar with the privileged circles frequented by Epstein, is it possible that you have not critiqued these systems that create environmental and human harms and allowed Epstein to flourish?
I said months ago many many business men and women are involved in Epstein for money for prestige
They all will be exposed!
I am not sure that any of the information regarding taxes, etc is valid. Wealthy people, worldwide, hold assets in what ever country makes the most tax sense. They don’t have IRAs, which when you take a distribution you are taxed on it as income, and not as capital gains. If you are wealthy , that is a higher tax than you would pay as capital gains. And yes there are tax laws, but they are very complicated, even for people who only have small or moderate wealth (low millions, etc). And most people of wealth have foreign investments so there are complicated tax treaties, etc. Wendy’s discussion of this seems almost naive.
Trump and fam are never being audited again..?
L O V E
Excellent reporting on the finances of the elite. I’m glad congress is focusing on this and not just the sex exploitation because it is money and power that enables those exploits.
I appreciate the effort at analysis of Epstein yet find the lauding of philanthropy troubling as it seems to prop up and legitimize the very system that produces the inequities the philanthropy ostensibly seeks to ameliorate. So individuals are enriched via extraction and exploitation and then empowered to give or not as they see fit to address the very exploitation that was central to their wealth while retaining the power to decide who and what is worthy of funding? Yuck. Also, you gloss over the role of systemic racism and misogyny when characterizing the wealthy as “brilliant innovators. “ To discuss the wealthy without naming the conditions by which they were able to amass their fortune seems problematic when attempting to analyze Epstein. Given you both seem familiar with the privileged circles frequented by Epstein, is it possible that you have not critiqued these systems that create environmental and human harms and allowed Epstein to flourish?