South Dakota Secures the Secret Wealth of Billionaires - Economic Update

Prof Wolff details how South Dakota is leading the U.S. in hiding wealth for the ultra-wealthy. What laws, policies and schemes are being used and why isn’t the federal government stopping them? “They’ve clothed their unethical, their fundamentally illegal (in terms of their spirit of the law) behavior in the ideological clothing of a market economy, which is enabling the richest of the rich to hide, and steal, and deny the rest of us the taxes they would otherwise have had to pay, which could provide the services we would otherwise be able to enjoy. The cost is ours. The benefit is to billionaires.“ - Richard Wolff This is a clip from S11 E43 of Economic Update: “Chris Hedges & US Prisons“ Watch the full episode on our YouTube channel at