The major issue of our time is the rapid movement toward international oligarchy in which a handful of billionaires own and control a significant part of the global economy. The Paradise Papers shows how these billionaires and multinational corporations get richer by hiding their wealth and profits and avoid paying their fair share of taxes.

This is a major problem not just for the United States but for governments throughout the world. In Congress, instead of providing even more tax breaks to profitable corporations like Apple and Nike and billionaires in Trump’s cabinet who avoid billions in US taxes by shifting American jobs and profits to offshore tax havens, we need to close these loopholes and demand a fair and progressive tax system.

I applaud the journalists who uncovered this tax scam. Before Congress considers tax legislation, it must fully investigate the Paradise Papers to make sure that the billionaire class can no longer stash their cash in the Cayman Islands, Bermuda and other offshore tax havens.