High Net Worth Offshore Investment: Tracking the Capital Flight that Hinders Reparative Justice
At the Capitol Accountability Project (CAP), our mission is centered on accountability and the economic empowerment of the Black American Freedmen community. As we push for legislative reform and reparative justice, we must also look at the global systems that allow massive amounts of capital to bypass the communities that built the foundation of this nation's wealth. One of the most significant yet overlooked areas of this economic puzzle is the scale of High Net Worth Offshore Investment.
The Economics of Disinvestment When we talk about the lack of contracts for Freedmen-owned businesses or the underfunding of local empowerment initiatives, we are looking at the symptoms of capital flight. High Net Worth Offshore Investment often serves as a mechanism for shielding wealth from the domestic tax base—the very tax base that should be funding community restoration and reparations.…