aidthoughts
@aidthoughts
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Joined April 2012
Ok folks: To keep engaging with this site is to remain complicit with Elon Musk, his transformation into this space as one for disinformation, his voter interference, the upcoming damage he is going to do to my country You can find me at the other place at: @mattcollin
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I'll leave this pinned up and my account open for a while longer, but that's it - find me over there. I hope you'll join me.
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Some of you might argue that to flee is to concede ground to the loons and conspiracy theorists To them I say: look around, there is no "soul" here to rescue, it has fled already. Better to try again somewhere where the algorithms aren't stacked against the truth
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"Tax on wealth is necessary to reduce inequality & raise revenue for future challenges. It's even more urgent in tax havens, as it can help restore their reputation & make them part of the solution." 💬 @pnicolaides at @AKEL1926 Catch the replay in Greek: https://t.co/AdtYI398cQ
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Hey remember when people on this site were arguing that a wealth tax was somehow going to make all of this more likely?
An FT analysis of campaign finance filings found that roughly a third of all of the money raised by the Trump campaign and allied groups came from billionaires, while billionaires represented 6% of the money raised by Harris groups. https://t.co/UQTykhSH8X
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As we're learning each day about a new strategy used by the super-rich to sway the US elections, it has never been so clear that the tension between extreme wealth and democracy is one — perhaps the — defining challenge of our time
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Be sure to catch @QParrinello at the 2024 #IMF side event in DC, discussing the way forward for taxing the ultra-rich 💵🌐 #IMFMeetings #G20
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New paper from @mariusring using Norwegian data shows that a tax on wealth may cause households to save *more*. 1/3 👇
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If anything, a damning indightment of "literature review" sections of academic papers
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The British government is looking for ways to fight illicit cash.🇬🇧💷 @aidthoughts provides two immediate steps the UK government could take in their fight against dirty money, just by publishing more data: https://t.co/ltqUwDVHgY
cgdev.org
The British government is looking for ways to end the country's notoriety as a haven for dirty money. In the lead up to this year's general election, now Foreign Secretary David Lammy promised that...
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Cross-country 2SLS ftw
BREAKING NEWS The Royal Swedish Academy of Sciences has decided to award the 2024 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Daron Acemoglu, Simon Johnson and James A. Robinson “for studies of how institutions are formed and affect prosperity.”
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In the first eight months of 2024, Germany's exports to tiny, landlocked Kyrgyzstan are up 1300% from before Russia invaded Ukraine. This has now been going on for over two years and Berlin keeps looking the other way. The Germany I know is better than this. Much better...
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Addendum: worth noting that even the @StateDept has a better grasp of illicit finance risks than what is produced by the MER process: they routinely list big rich economies (including the US!) alongside poorer ones as "major money laundering jurisdictions"
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This is a big win for developing countries, but despite some mention of "higher standards" for richer countries, there still is scant evidence that good mutual evaluation scores transalte into less dirty money, or fewer predicate crimes that generate that illicit cash
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Despite this, most greylisted countries were developing, leading to growing unease, which makes this announcement particularly important: The FATF will now spare developing countries with less than $10 billion in income (it is unclear if this is broad money again or GDP)
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To be fair, @FATFNews in the past put in provisions to spare the smallers countries from being put on the blacklist (which has implications for trade, remittance costs and banking connections) They have spared countries with less than than $5b in broad money (M3) consistently
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Meanwhile, most of the world's dirty money actually ends up in rich countries that do well on FATF's MERs Something I call the "anti money laundering paradox" https://t.co/GLjJVvP03I This calls into question many things, including FATF's entire methodology
brookings.edu
New analysis reveals that countries ranked high for their anti-money-laundering policy are actually more, not less, likely to host companies related to Isabel dos Santos.
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