April 23, 2016
And there are some good reasons why people use offshore structures. Did you by any chance know that if an American dies with property worth, say, $5 million, the heirs pay no federal estate tax? But if a foreigner dies with $5 million in American property, the heirs will pay 40%? So the foreigner sticks his 5 million in a shell company and registers it with Fonseca and everything’s hunky-dory. Uncle Sam is not playing fair and square, not that there’s a lot of fairness going on nowadays. Take the example of the poor little Greek boy. Donald Trump’s son-in-law, married to Ivanka, is one Jared Kushner, the son of a real estate shark who has done hard time in the pokey for fraud. He owns a New York weekly that regularly attacks the mother of my children, a woman who has never put a foot wrong or been unjust to anyone. Her crime, I suppose, is that she’s married to me, but if I were the son of a fraudster and regularly evicted women and orphans, I’d pick on others and leave Alexandra Schoenburg alone. Not only that, I was the first one to come out for The Donald nine months ago. Kushner should be waterboarded.
But I shouldn’t complain. Life is good and there are a lot worse cases of injustice. Such as my good friend Wafic Saïd having been treated appallingly by the ridiculous Barclays bank. Here is Britain’s premier philanthropist, a man who has never been able to say no to demands for help, and the most ridiculous of people, the bankers at Barclays, refuse to offer their services because Wafic is a Syrian citizen. What the hell is this world coming to?