While Republicans in our state and DC want to whine about the Biden administration not doing enough to prevent war in Ukraine they say little about the possibility that some bad actors that could be hiding Russian oligarch money in SD;
Chuck Collins, the author of The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions and the director of the programme on inequality at the Institute for Policy Studies, said the situation with regard to South Dakota was “an embarrassment” for the US.
“We are the weak link. And South Dakota is in a race to the bottom to be the weakest link on trusts,” said Collins. “We have seen the hidden wealth apparatus but it is always considered offshore. The more we understand that it’s onshore, the US is a weak link and we are now the magnet for kleptocratic capital the better for national understanding and the greater the potential for national legislation.”
Our super majority Republican legislature with the help of the governor could dig deep and enact legislation that prevents ANY ties to ANY oligarch from ANY country from hiding money in South Dakota. But while Ukrainians are dying all we get is silence and inaction.
It goes back to what I have often accused Republican lawmakers of (especially in our state), when it comes to THEIR personal wealth and livelihoods they could care less where the money is coming from as long as they can control it, this is why they refuse to take sales tax off of food even though 47 other states have done it successfully.
War, drought, poor healthcare, poverty, gambling, you name it, GREED is the only thing that controls them.