Reports indicate that 68-year-old Russian Pres. Vladimir Putin recently had a baby girl with a long-standing romantic partner. And right around the time of the birth, the woman suddenly fell into tremendous wealth. She’s now living in Monte Carlo along the French Riviera enjoying a life of luxury. Although some would consider it fortunate to be taken care of by a wealthy world leader, not everyone feels the same way. On this Breaking Points exclusive, hosts Krystal Ball and Saagar Enjeti uncover a recent leak exposing 14 world leaders who offshore millions, in an effort to hide their wealth from their home countries.
Perhaps the most blatant misuse of public funds was orchestrated by Jordanian King Abdullah II. Krystal and Saagar point out that citizens of Jordan are suffering severe economic hardships while the king offshores upwards of $100 million.
Adding insult to injury, the U.S. hands the Arab nation millions in humanitarian aid to take in refugees from war-torn regions of the Middle East. And although U.S. government officials “claim” a thorough accounting of American money has been conducted, Jordan’s ruler reportedly dropped $10 million on a luxury condo in Washington, D.C.
Although wide-reaching reports of foreign leaders avoiding taxes by moving money into the U.S. seem disgraceful on the surface, there’s a subtext even Krystal and Saagar are not discussing. Listen carefully to the underlying facts about why foreign wealth is now pouring into the U.S. rather than the other way around. It may not seem working-class fair, but South Dakota now rivals the Cayman Islands as the top place for foreign billionaires to invest their money.