$21 trillion

— money kept in offshore tax havens around the world like Switzerland and the Cayman Islands by the super-rich according to estimates by the Tax Justice Network. The study also suggests that the cumulative value of that money could pay off the entire international debt for many countries.

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boonteetan
boonteetan

With the help of perfidiously duplicitous banking system, the haves had long been successfully evading regulations and taxes, getting impossibly yet filthily rich, leaving the have-nots to continue suffer. While the poor frenetically hunt for their next meal, the rich laugh their way to the banks. What an incredible world!      (zz1943, vzc1943)

f_galton
f_galton

That spendthrift countries can't get their grubby hands on all that money is a good thing.