Gabriel Zucman, individuals in the US are avoiding $36 billion through offshore tax schemes and US corporations are avoiding more than $130 billion through these schemes. The situation has become so absurd that one five-story office building in the Caymans is now the "home" of nearly 20,000 corporations – and that is just one of many tax havens operating across the globe. The essence of oligarchy is that the billionaire class is never satisfied with what they have. They want more, more and more – no matter what impact their efforts have on working people, the elderly, children, the sick and the poor. Greed is their religion. While the oligarchs are avoiding their taxes, Trump and his Republican colleagues, ostensibly in order to save federal dollars, have been trying to throw tens of millions of Americans off of their health insurance, and make massive cuts in education, nutrition assistance and affordable housing." - Meaning and context.">
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According to Berkeley economist Gabriel Zucman, individuals in the US are avoiding $36 billion through offshore tax schemes and US corporations are avoiding more than $130 billion through these schemes. The situation has become so absurd that one five-story office building in the Caymans is now the "home" of nearly 20,000 corporations – and that is just one of many tax havens operating across the globe. The essence of oligarchy is that the billionaire class is never satisfied with what they have. They want more, more and more – no matter what impact their efforts have on working people, the elderly, children, the sick and the poor. Greed is their religion. While the oligarchs are avoiding their taxes, Trump and his Republican colleagues, ostensibly in order to save federal dollars, have been trying to throw tens of millions of Americans off of their health insurance, and make massive cuts in education, nutrition assistance and affordable housing.

— Bernie Sanders

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "According to Berkeley economist Gabriel Zucman, individuals in the US are avoiding $36 billion through offshore tax schemes and US corporations are avoiding more than $130 billion through these schemes. The situation has become so absurd that one five-story office building in the Caymans is now the "home" of nearly 20,000 corporations – and that is just one of many tax havens operating across the globe. The essence of oligarchy is that the billionaire class is never satisfied with what they have. They want more, more and more – no matter what impact their efforts have on working people, the elderly, children, the sick and the poor. Greed is their religion. While the oligarchs are avoiding their taxes, Trump and his Republican colleagues, ostensibly in order to save federal dollars, have been trying to throw tens of millions of Americans off of their health insurance, and make massive cuts in education, nutrition assistance and affordable housing." in the context of "" to mean that wisdom is timeless.

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Source: The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app

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Bernie Sanders

About Bernie Sanders

Bernard Sanders (born September 8, 1941) is an American politician who has served as the junior United States Senator from Vermont since 2007. The U.S. Representative for the state's at-large congressional district from 1991 to 2007, he is the longest-serving independent in U.S. congressional history and a member of the Democratic caucus. Sanders ran unsuccessfully for the 2016 and 2020 Democratic nomination for president.