Discrepancies in Priorities: Aid and Corruption
It’s a very important question: Are Developed Countries Hypocrites? Developed countries behave like hypocrites by protecting corrupt Elites and tax havens. Leaders of the developed countries cut their own people’s money. And help the poor, deprived Countries to bring them out of the poverty line. But on the other hand, they welcome and facilitate the corrupt Bureaucrats and Politicians of poor countries.
These corrupt elements live a luxurious life in these developed countries. In front of those who give aid and proposed loans. They tolerate it, to make them puppets, for the sake of their interests in regional politics or the return of money back to their economy.
Convicted Elite and Ongoing Luxuries
They own Million-dollar properties and assets in developed countries. Whenever they leave public office in poor countries they shift to these countries in the name of political victimization or medical treatment and live luxurious lives till the next phase.
There are examples of politicians who have been convicted by courts. But they are still enjoying their luxurious lives in the developed world.
Challenges to Pursuing Culprits and Stolen Wealth
Whenever honest leadership comes into power in poor countries and tries to bring back the culprits and laundered money. They have to face another setback in terms of the laws of the respective countries and the cost of legal firms.
No one cares why these elites are allowed, there are no rules and regulations for them, not even morality. That’s why the question arises ARE DEVELOPED COUNTRIES HYPOCRITES or incompetent to take this challenge?
Urgent Call for Addressing Flaws in the System
It means clearly, that the developed countries rulers are also, indirectly involved and playing with the welfare emotions of their own people. Whenever someone asks them about those matters, they present excuses based on laws.
But, I say who has to legislate these loopholes in the laws where these perpetrators get beneficiaries of it? When offenders are in front of you and you are also sure about their wrong means of earning, why not take action or do legislation to fulfill such flaws?
The Dual Burden: Leaders’ Enjoyment, People’s Suffering
Do you think that the ultimate loss was born by the leaders of countries? No, not at all, because both countries’ leadership enjoyed it, one enjoys politics and the other enjoys a luxurious life. The ultimate loss was borne by the people of both countries. The people of both developed as well as poor countries pay the price. That’s why the question arises “ARE DEVELOPED COUNTRIES HYPOCRITES?”
Aid and the Rising Poverty Dilemma
We heard and saw a lot of announcements of the aid of billions & trillions of dollars, for the poor countries of the Global Village throughout our lives. But the numbers are increasing for the people living below the poverty line.
Despite an increase in the world’s population, one of the big reasons is corruption and money laundering of Bureaucrats and Politicians.
Accountability and Global Welfare
We are living in the Global Village and to save it we have to unite regardless of which language we speak, color, religion, and country we belong. All people are suffering and paying the price whether from a developed or poor country, except corrupt elites, Bureaucrats, Politicians, and dishonest leaders.
The Angels of the poor people (Aiders) of the developed countries must rise up and hold accountable their leaders, how someone enjoying a luxurious life in front of them by robbing the poor countries. People in poor countries are very grateful for your generous and sincere efforts.
But they also requested for little bit more effort to discourage such corrupt leaders. This will fulfill the noble purpose of eliminating poverty from the Global Village in its true letter and spirit.
TAX HAVENS ARE A CURSE FOR DEVELOPING COUNTRIES
Global Tax Havens: Concealing Wealth and Power
There are many traditional and corporate Tax Havens in the world, such as Panama, Switzerland, the British Virgin Islands, Singapore, and others. The Panama Papers became known when more than 11 million documents were leaked in the second quarter of 2016. The revelation of the Panama Papers shocked the entire world upon learning about its details.
The Shadowy Web of Shell Companies
There was a law firm Mossack Fonseca, which specialized in avoiding tax and hiding the Black Money of the powerful people of the global world. They created shell companies that were just on paper and had no production, employee, or business.
Even most companies did not have an office, address, or contact number, and at times, they kept the owner’s name hidden or anonymous. These companies perform as a front for them for legal or illegal purposes.
Illegal like someone having millions of dollars and he has zero assets or business. They used these shell companies to conduct business deals on behalf of other companies.
Money Laundering and Corruption
For those who were not present publicly or didn’t want to disclose their identity, that’s we can say unethical rather than illegal. But these companies were used for Money Laundering and illegal activities. They don’t track the owner and their source of income. That’s why the question arises: Are Developed Countries Hypocrites?
If anybody wants to launder his money. He wires it into a shell company account and gets claims it back, as business income by paying nominal tax rates. This money can also serve as funding for terrorism, considering that the Global Village has already endured a significant wave of terror.
The Illusion of Profit and Offshore Secrecy
Some companies send a big part of their profit into shell companies as investments, instead of showing it as profit because only profitable income can be taxed. So, companies were able to keep money tax-free in foreign accounts.
Rough estimates suggest that these offshore company accounts hold more than two trillion dollars. All the money belongs to well-renowned companies, Dictators, so-called World Leaders, Bureaucrats, and Politicians.
These companies are operating in Panama as per the laws of the country. The big offenders are the Politicians and Bureaucrats of the developing countries. They enjoy public office powers and exercise corrupt practices. That’s why the question stands “ARE DEVELOPED COUNTRIES HYPOCRITES?”
Manipulating Aid and Exploiting Power
Corrupt Political and Beauricrate Elite robbed the National Aid money received from the Global World for the betterment of the poor people by manipulation. They demand commissions from foreign investors to do business or for welfare work in the country.
They receive kickbacks for approving National mega projects and for contracts at high rates from foreign companies. So, the question to be answered by developed countries that Are Developed Countries Hypocrites?
Conclusion: Are Developed Countries Hypocrites?
The United Nations must play a strong role in bringing mutual cooperation among countries regarding Money Laundering laws. And developed countries need to be clear and leave the hypocrisy and tolerance to the corrupt Elite.
They have to take strict measures and keep a close eye. Especially on developing countries’ Leaders, Bureaucrats, and Politicians to eliminate corruption and Money Laundering, and the true benefits of their efforts for the poor can be achieved.
We have to make sure the question: Are Developed Countries Hypocrites? is wrong through our leaders should be accountable for their actions, personal assets, incomes, luxury travel, and luxurious lifestyles. Even their relatives and friends’ anonymous sources of income also must be tracked. If abnormalities are found in their accounts or lives they are also held accountable.
we can ignore individual companies as they affect only a small part of the sector. However, we cannot tolerate corrupt bureaucrats, politicians, and leaders as they undermine the nation’s future. We cannot allow a handful of people to rob the future of our children.
We look towards Angels and request them instead of fulfilling our responsibilities. Now it’s time to empower ourselves to cop these corrupt elements.