There’s an article in the Stamford Advocate about the wealth of our gubernatorial and senatorial candidates. I can’t fault anyone for being rich. Don’t we all aspire to wealth? There was one line that stood out and which irks me–though there might be an explanation I haven’t thought of.
They’d be swamped in the wake from “Odalisque,” Republican Tom Foley’s 100-foot ship flagged under the Republic of Marshall Islands and hailing from the port of Bikini.
It doesn’t seem right when someone registers a yacht or plane in a tax haven. I have written about this in the past.
Why does this loophole continue to exist?