The rich people of the U.S. have always been put on the highest pedastool, and there are statistics to prove why.
According to Reuters, rich people of this country and their families have as much as $32 trillion in hidden financial assets in offshore tax havens.
The site reports:
The study estimating the extent of global private financial wealth held in offshore accounts - excluding non-financial assets such as real estate, gold, yachts and racehorses - puts the sum at between $21 and $32 trillion.
The research was carried out for pressure group Tax Justice Network, which campaigns against tax havens, by James Henry, former chief economist at consultants McKinsey & Co.
He used data from the World Bank, International Monetary Fund, United Nations and central banks.
James Henry also said that the private wealth held offshore represents “a huge black hole in the world economy”.
We will all have to work hard to improve our economy, before we find ourselves into more trouble.