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Panama Papers Fallout


April 6th, 2016 07:10 AM

One of the biggest leaks of financial documents to ever be leaked was dumped  recently. These documents are called the Panama Papers after a law firm who leaked the papers. Inside these documents is the names of many rich, famous, and powerful people and a paper trail of how each one avoids paying taxes in their respective countries.

This scandal has huge implications and we will see politicians resigning all over the world. It has already started with the Prime Minister of Iceland and it won’t stop there.  It sounds like the Law firm Mossack Fonseca is used by lots of politicians. Here is a quick video explaining what happened.

This is a perfect example of why Americans do not trust politicians. They haven’t shut these operations down because there are too many politicians probably using them to hide their own money. Celebrities too! They talk a big game but when it comes to paying taxes they want nothing to do with it.

If you ever go to Ft. Lauderdale Florida, you can take a water taxi ride through the canals and see all of the rich and powerful yachts. Michael Bloomberg has a yacht, the Arabic Oil Tycoon has a yacht, Steven Spielberg has a yacht and guess what flag flies on the flag poles of those yachts? A Cayman Islands flag. They register their mega yachts that cost at least tens of millions of dollars in the Cayman Islands to avoid paying American taxes.

Don’t believe me, take a look for yourself. Hers Steven Spielberg’s yacht.

Pakistani-American Billionaire and owner of Jacksonville Jaguars Shahid Khan. The ‘Kismet’ is not registered in the US and is the biggest Yacht in Ft. Lauderdale worth over $200 million. It can be rented for over $1.2 million dollars a week (gas not included).

And don’t worry Michael we didn’t forget you.  Check out that red flag flying from the back of the boat. In fact, when I was down in Florida on the water taxi, the company was “Urged” to not tell the passengers whose Yacht this was. Which means he or his people are probably trying to hide it as much as possible because it looks so bad from his political standpoint. It was hard finding almost anything online too. He doesn’t want people knowing about his Cayman registered mansion on the water.

Michael Bloomberg's yacht photo MichaelBloombergsyacht.jpg

These are the reasons people don’t like you. You are some of the richest people on the planet and still don’t have the decency to pay taxes to your nation while at the same time in many circumstances advocating or even being a law maker and imposing taxes on the American people who can’t afford it.

Why do you think Donald Trump and Bernie Sanders are doing so well? Politicians have lost the trust of millions of Americans and the Panama Papers, like the just like the Mega-Yachts registered in the Cayman Islands, or even the money stored in Cayman Island banks, all just another example of the hypocrisy of the rich and powerful and how they will continue to fight for their own wealth and power.

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About Dr. Ron Caskey

Dr. Caskey has over 30 years experience as a trusted financial professional. Over the past three decades, he has helped scores of valued clients create, protect, and distribute wealth in an effort to greatly enhance their overall quality of life. He lives with his wife Jeannine in Firestone, Colorado. They have raised 5 kids and have 11 grandkids.

Dr. Caskey's top priorty is working with you to both learn about your particular situation and to make sure you are fully educated so that together we can find the solutions that work best for your particular situation.

*Disclaimer* - *Guarantees are backed by the financial strength and claims-paying ability of the issuing company. Bonus annuities may include higher surrender charges, longer surrender periods, lower caps, higher spreads, or other restrictions that are not included in similar annuities that don’t offer a bonus. By responding you may be contacted by an insurance agent. Annuities are designed to meet long-term needs for retirement income. They provide guarantees against the loss of principal and credited interest, and the reassurance of a death benefit for beneficiaries. This website and its contents, downloads, videos and audio files are designed to provide general information on the subjects covered and is provided to you for informational purposes only. Pursuant to IRS Circular 230, it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that Ron Caskey does not give legal or tax advice. Please consult your tax advisor or attorney. Ron Caskey is a registered and licensed insurance agent resident in the state of Colorado, non resident in multiple other states. This website focuses on insurance products in an attempt to avoid volatility. The term "Safe Money" should not be understood as signifying a guarantee or a guaranteed investment.*
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