Tax cuts for rich to encourage job creation is farce foisted on societies

With the publication of the Panama papers we are reminded once again of the contrast between the lives of a rich elite and the rest of humanity.

At the first hint of threats to corporate finance, ordinary citizens are asked to bail out banks and absorb their debts at the cost of their own social services.

They have to sit back and watch as repeated austerity budgets accelerate the rise in income inequality between rich and poor.