Intro

Chapter One

Chapter Two

Chapter Three

Post Show Musings

Outro

An explosive new report from the Bureau of Economic Research just landed, and it seems that no one in the media or political class cares. The report pulls together findings from new domestic regulations related to offshore banking and revelations from a treasure trove of documents leaked in the Pandora Papers. The Bureau estimates that billionaires are now holding nearly $4 trillion in assets in offshore accounts, an increase of nearly $1 trillion since the last estimate was published. And it’s likely a good deal more than this.

Chapters

Intro: 00:00:44

Chapter One: The Magnitude of the Problem. 00:02:52

Chapter Two: Leak. Uncover. Match. Report. 00:10:45

Chapter Three: Assessing the impact. 00:15:11

Post Show Musings: 00:21:57

Outro: 00:33:15

Resources

Oxfam: Richest 1% bag nearly twice as much wealth as the rest of the world put together over the past two years

Investopedia: The Tax Implications of Opening a Foreign Bank Account

NBER: The Offshore World According to FATCA

Vox: Biden’s billionaire tax proposal, explained

ICIJ: Where are the key Panama Papers figures, seven years later?

WTTW: A Growing Worry for Charities: Tax Havens for the Rich

OpenSecrets: ‘Dark money’ groups aligned with party leadership steer hundreds of millions of dollars into 2022 federal elections

Tax Policy Center: Biden’s Budget Would Raise Taxes On High-Income Households, Cut Them For Many Others

United States Senate Committee on Finance: Wyden Investigation Uncovers Major Loophole In Offshore Account Reporting

IMF: The True Cost of Global Tax Havens

Mirror Online: Rishi Sunak accepted £60,000 from donors linked to offshore tax havens for leadership bid

POLITICO: Liberal 'dark-money' behemoth funneled more than $400M in 2020

UNFTR Resources

Episode: Modern Monetary Theory: Can we afford it? Yes. Yes, we can.

Episode: Corporate (Ir)Responsibility: Part One: Financial Fuckery and Tax Evasion.

--

If you like the pod version of #UNFTR, make sure to check out the video version on YouTube where Max shows his beautiful face! www.youtube.com/@UNFTR

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Check out the UNFTR Pod Love playlist on Spotify: spoti.fi/3yzIlUP.

Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations.

Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility.

Unf*cking the Republic® is produced by 99 and engineered by Manny Faces Media (mannyfacesmedia.com). Original music is by Tom McGovern (tommcgovern.com). The show is written and hosted by Max and distributed by 99.

Podcast art description: Image of the US Constitution ripped in the middle revealing white text on a blue background that says, "Unf*cking the Republic®."

An explosive new report from the Bureau of Economic Research just landed, and it seems that no one in the media or political class cares. The report pulls together findings from new domestic regulations related to offshore banking and revelations from a treasure trove of documents leaked in the Pandora Papers. The Bureau estimates that billionaires are now holding nearly $4 trillion in assets in offshore accounts, an increase of nearly $1 trillion since the last estimate was published. And it’s likely a good deal more than this.
Chapters
Intro: 00:00:44
Chapter One: The Magnitude of the Problem. 00:02:52
Chapter Two: Leak. Uncover. Match. Report. 00:10:45
Chapter Three: Assessing the impact. 00:15:11
Post Show Musings: 00:21:57
Outro: 00:33:15
Resources
Oxfam: <a href="https://www.oxfam.org/en/press-releases/richest-1-bag-nearly-twice-much-wealth-rest-world-put-together-over-past-two-years">Richest 1% bag nearly twice as much wealth as the rest of the world put together over the past two years</a>
Investopedia: <a href="https://www.investopedia.com/articles/personal-finance/102915/tax-implications-opening-foreign-bank-account.asp">The Tax Implications of Opening a Foreign Bank Account</a>
NBER: <a href="https://www.nber.org/system/files/working_papers/w31055/w31055.pdf">The Offshore World According to FATCA</a>
Vox: <a href="https://www.vox.com/money/23634085/biden-2024-budget-billionaire-tax-capital-gains">Biden’s billionaire tax proposal, explained</a>
ICIJ: <a href="https://www.icij.org/investigations/panama-papers/where-are-they-now-2023/">Where are the key Panama Papers figures, seven years later?</a>
WTTW: <a href="https://news.wttw.com/2021/10/09/growing-worry-charities-tax-havens-rich">A Growing Worry for Charities: Tax Havens for the Rich</a>
OpenSecrets: <a href="https://www.opensecrets.org/news/2022/11/dark-money-groups-aligned-with-party-leadership-steer-hundreds-of-millions-of-dollars-2022-federal-elections">‘Dark money’ groups aligned with party leadership steer hundreds of millions of dollars into 2022 federal elections</a>
Tax Policy Center: <a href="https://www.taxpolicycenter.org/taxvox/bidens-budget-would-raise-taxes-high-income-households-cut-them-many-others">Biden’s Budget Would Raise Taxes On High-Income Households, Cut Them For Many Others</a>
United States Senate Committee on Finance: <a href="https://www.finance.senate.gov/chairmans-news/wyden-investigation-uncovers-major-loophole-in-offshore-account-reporting">Wyden Investigation Uncovers Major Loophole In Offshore Account Reporting</a>
IMF: <a href="https://www.imf.org/en/Publications/fandd/issues/2019/09/tackling-global-tax-havens-shaxon">The True Cost of Global Tax Havens</a>
Mirror Online: <a href="https://www.mirror.co.uk/news/politics/rishi-sunak-accepted-60000-donors-28417493">Rishi Sunak accepted £60,000 from donors linked to offshore tax havens for leadership bid</a>
POLITICO: <a href="https://www.politico.com/news/2021/11/17/dark-money-sixteen-thirty-fund-522781">Liberal 'dark-money' behemoth funneled more than $400M in 2020</a>
UNFTR Resources
Episode: <a href="https://www.unftr.com/episodes/unftr26">Modern Monetary Theory: Can we afford it? Yes. Yes, we can.</a>
Episode: <a href="https://www.unftr.com/episodes/unftr18">Corporate (Ir)Responsibility: Part One: Financial Fuckery and Tax Evasion.</a>
--
If you like the pod version of #UNFTR, make sure to check out the video version on YouTube where Max shows his beautiful face! <a href="https://www.youtube.com/@UNFTR">www.youtube.com/@UNFTR</a>
Please leave us a rating and review on Apple Podcasts: <a href="https://unftr.com/rate">unftr.com/rate</a> and follow us on <a href="https://www.facebook.com/Unfucking-The-Republic-102319714930389">Facebook</a>, <a href="https://twitter.com/unftrpod">Twitter</a> and <a href="https://www.instagram.com/unftrpod/">Instagram</a> at @UNFTRpod. Visit us online at <a href="https://www.unftr.com/">unftr.com</a>.
Join the Unf*cker-run Facebook group: <a href="https://www.facebook.com/groups/2051537518349565">facebook.com/groups/2051537518349565</a>
Buy yourself some Unf*cking Coffee® at <a href="https://shop.unftr.com/">shop.unftr.com</a>.
Subscribe to Unf*cking The Republic® at <a href="https://www.unftr.com/blog#subscribe">unftr.com/blog</a> to get the essays these episode are framed around sent to your inbox every week.
Check out the UNFTR Pod Love playlist on Spotify: <a href="https://open.spotify.com/playlist/1PpzNXBub9FLngMradJByC?si=abaed3d396504fae">spoti.fi/3yzIlUP.</a>
Visit our bookshop.org page at <a href="https://bookshop.org/shop/UNFTRpod">bookshop.org/shop/UNFTRpod</a> to find the full UNFTR book list, and find book recommendations from our Unf*ckers at<a href="https://bookshop.org/lists/unf-cker-book-recommendations"> bookshop.org/lists/unf-cker-book-recommendations</a>.
Access the UNFTR Musicless feed by following the instructions at <a href="https://www.unftr.com/accessibility">unftr.com/accessibility</a>.
Unf*cking the Republic® is produced by 99 and engineered by Manny Faces Media (<a href="https://www.mannyfacesmedia.com">mannyfacesmedia.com</a>). Original music is by Tom McGovern (<a href="http://www.tommcgovern.com/">tommcgovern.com</a>). The show is written and hosted by Max and distributed by 99.
Podcast art description: Image of the US Constitution ripped in the middle revealing white text on a blue background that says, "Unf*cking the Republic®."

Unf*cking The Republic® (UNFTR) is a series of audio essays on the grand American experiment lovingly curated and presented by a quasi-anonymous political writer. 

Each essay reflects on a singular topic that is generally misunderstood or purposely obfuscated by the so-called “powers that be.” As we know, history is written by the victors and can be perilously manufactured to favor destructive world views. These views become intractably ingrained in the public consciousness and pervert public policy, oftentimes with horrific results. 

As of this podcast’s founding, we find ourselves living in a true kakistocracy. The disconnect between what we believe and what is actually happening below the surface or in plain sight is where this podcast lives. 

Together we’ll upend conventional wisdom, blow up narratives on the left, right and center and use magical devices like facts, logic and reason to explain how exactly we arrived in bizarro America, the funhouse mirror version of what was originally intended. #UNFTR

Unf*cking The Republic® (UNFTR) is a series of audio essays on the grand American experiment lovingly curated and presented by a quasi-anonymous political writer. 
Each essay reflects on a singular topic that is generally misunderstood or purposely obfuscated by the so-called “powers that be.” As we know, history is written by the victors and can be perilously manufactured to favor destructive world views. These views become intractably ingrained in the public consciousness and pervert public policy, oftentimes with horrific results. 
As of this podcast’s founding, we find ourselves living in a true kakistocracy. The disconnect between what we believe and what is actually happening below the surface or in plain sight is where this podcast lives. 
Together we’ll upend conventional wisdom, blow up narratives on the left, right and center and use magical devices like facts, logic and reason to explain how exactly we arrived in bizarro America, the funhouse mirror version of what was originally intended. #UNFTR

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