What’s the Matter with Delaware?: How the First State Has Favored the Rich, Powerful, and Criminal–And How It Costs Us All - Hal Weitzman Audiobook
Shared by:cryotag
How the “First State” has enabled international crime, sheltered tax dodgers, and diverted hard-earned dollars from the rest of us
The legal home to over a million companies, Delaware has more registered businesses than residents. Why do virtually all of the biggest corporations in the United States register there? Why do so many small companies choose to set up in Delaware rather than their home states? Why do wealthy individuals form multiple layers of private companies in the state? This book reveals how a systematic enterprise lies behind the business-friendly corporate veneer, one that has kept the state afloat financially by diverting public funds away from some of the poorest people in the United States and supporting dictators and criminals across the world.
Hal Weitzman shows how the de facto capital of corporate America has provided safe haven to money launderers, kleptocratic foreign rulers, and human traffickers, and facilitated tax dodging and money laundering by multinational companies and international gangsters. Revenues from Delaware’s business-formation industry, known as the Franchise, account for two-fifths of the state’s budget and have helped to keep the tax burden on its residents among the lowest in the United States. Delaware derives enormous political clout from the Franchise, effectively writing the corporate code for the entire country–and because of its outsized influence on corporate America, the second smallest state in the United States also writes the rules for much of the world.
What’s the Matter with Delaware? shows how, in Joe Biden’s home state, the corporate laws get written behind closed doors, enabling the rich and powerful to do business in the shadows.
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| Creation Date: | Wed, 22 Jun 2022 19:15:27 +0200 |
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This post has 5 comments with rating of 4/5
June 22nd, 2022
Let’s Go Brandon and Delaware. The title of this book hits the nail on the head! I wonder if Slow Joe has read it yet?
June 23rd, 2022
That’s literally the plank of the republican party: Favor the rich, powerful and criminal. try again
June 27th, 2022
Thanks for sharing!
July 1st, 2022
Thank You.
July 6th, 2022
Good book.
It answers a few other related questions too– including ‘what’s the matter with Joe Biden?’, ‘what’s the matter with the Democratic party?’, and ‘what’s the matter with neoliberal government?’.
Are Americans finally catching on to the political theatrics of the Duopoly? Is the jig finally up for the wealthy elites who have been fleecing them for the last 5 decades? Or…will they fall victim to the ol’ lesser-of-two-evils gimmick… again?
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