For the extremely wealthy who want to stash their money where nobody can find it, South Dakota is the place to go—or so recent reporting in the Pandora Papers has suggested. The state’s lax regulations have made it possible for all kinds of unsavory characters to protect unthinkable sums from taxes or scrutiny. Is it time to make South Dakota just go away? On episode 37 of The Politics of Everything, hosts Laura Marsh and Alex Pareene discuss how the United States has become a tax haven and what would help solve the problem. Guests include Timothy Noah, a staff writer at The New Republic; Chuck Collins, the author of Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions; and Casey Michel, whose new book, American Kleptocracy: How the U.S. Created the World’s Greatest Money Laundering Scheme in History, will be published in November.
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