Headline June 29, 2016/ ''' POVERTY -*PANAMA*- PENDULUM '''

''' POVERTY -*PANAMA*- 

PENDULUM '''

PRINCE ALWALEED bin Talal of Saudi Arabia   - *From The Great Hall Of Philanthropic Fame*-  

INSPIRED  by the outstanding work of   *BILL AND MELINDA GATES* has pledged to give away just about his entire fortune of over $32 billion dollars to the great needs and causes of the world. 

MANKIND'S HISTORY  -HOWEVER GREAT,  entitles them to nothing unless we incorporate solutions to handle income disparities and poverty reduction.

The World and its leaders must learn to chart the course for the poor of the world. For without that, you have the making of a ''Perfect Storm'', that no one can escape.

On hand this; the beauty and honour of giving well, and giving back to the society, and on the other hand, in 2006, using a secret email account set up by  Mossack Fonseca, so his correspondence cannot be traced by authorities-

A businessman from Washington State asked a common question among potential American clients:

''How does a US citizen legally get funds to Panama without the knowledge of the US government, and how can those funds be profitably invested without the US government knowing about them?''

Panama it turned out, became a *Black Hole for Wealth*. The one and true honour after real wealth creation,  is giving it  away and back to the society for the future of Mankind.  Never two ways on that. 

IN SWITZERLAND, though what really stood out after the referendum was -that a third of voters in Geneva backed the idea of a  ''guaranteed income''. 

''' ONE OUT OF FIVE PEOPLE VOTED  for the unconditional basic income, so that is a success in itself,''  said Sergio Rossi, an economics professor who had backed the initiative told the Swiss news agency ATS.

And then some also presented their vote as another challenge to industrialization similar to their motivation for buying organic food from local market producers rather than cheaper supermarkets.

''*We're losing all our values, creating countries that no longer need workers but still need consumers, but how can we expect people to buy anything if they can't earn a salary tomorrow?'' asked Olivier Duchene, a musician and street entertainer.

''SWITZERLAND is of course, in a very special financial situation, but I'm sure this idea will spread, across Europe and elsewhere, because otherwise we;re heading for chaos.''

Despite the clear defeat, campaigners said the vote was a first step toward a fairer economic model.

Switzerland's model of direct democracy, in which citizens can propose a reform and then collect signatures to force a national referendum on the proposal, has helped turn the country into a laboratory for some pioneering social and economic changes.

In early 2013, the Swiss voted to impose some of the world's most severe restrictions on executive compensation, following a proposal by a small entrepreneur in defiance of the country's big business lobby. 

Later that year, however, the Swiss, rejected another controversial economic proposal, the  ''1:12''  initiative, that would have limited the salary of top executives  12 times  the  wages of their lowliest employees.

Such referendum are gaining ground in other European countries that normally rely on a system parliamentary democracy.

Last year, Greece held a referendum on a bailout plan, and the Netherlands introduced a referendum law under which voters rejected a European union agreement with the Ukraine in April.

Britain got set and voted in referendum to exit the European Union. Just a year after the Scots voted to stay within the United Kingdom. Experimentation for a quality life are on.

But in Switzerland, the proliferation of such votes has provoked a debate over the ease with which  complicated  or radical issues can be brought to a referendum. Low voter turnout has also become an issue.  

Only 14 percent of eligible Swiss voters went to the polls that Sunday in which four other national issues were being voiced on as well as several regional issues. 

Phillipe Leuba, a lawmaker said on a Swiss national radio on Sunday that it was positive that the Swiss had followed the advice of their federal government, at a time when the citizens of many other countries are showing distrust toward their political leadership.

But Mr. Leuba still deplored the fact that the guaranteed income proposal had got so far, calling it  ''hyper populist and demagogic''  plan to give away money for nothing.

And to round off Panama mention: Federal law allows United States citizens to transfer money overseas, but these foreign holdings must be declared to the Treasury Department-

And any taxes and capital gains, interest or dividends, must be paid just as if the money has been invested domestically;

Federal officials estimate that the government loses between $40 billion $70 billion a year in unpaid taxes on offshore holdings.

*I leave the rest to your all imagination*.

With respectful dedication to the Leaders, Students, Professors and Teachers of the World. See Ya all on !WOW!  -the World Students Society and !E-WOW!  -the Ecosystem 2011:

''' The Miracle Path '''

Good Night and God Bless

SAM Daily Times - the Voice of the Voiceless