Operations Plan: 1 – Step 1A: You, Mitt Romney, make millions of dollars by buying troubled companies, increasing their debt and then allowing them to go bankrupt, all with the result of reaping millions of…
Tag: tax
«Oops–they did it again» – Tageszeitung (Germany), upon re-election of George W. Bush in 2004 «How can 59,054,087 people be so dumb?» – Daily Mirror (London), upon re-election of George W. Bush in 2004 The shock and dismay with…
Pravda.Ru interviewed Paul Craig Roberts, an American economist, who served as an Assistant Secretary of the Treasury in the Reagan Administration and became a co-founder of Reaganomics – the economic policies promoted by the U.S….
More than 35,000 of American households who make over $200,000 annually, paid no income tax to the federal government in 2009, according to a new study by the IRS. For 2009, of the 3,975,288 tax…
I don’t know about you, but I would label my personal knowledge of Hungary as wanting, if not painfully incomplete. It’s not an easy country to come to grips with, not least of all…
America’s 10 most profitable corporations paid an average corporate income tax rate of just 9 percent in 2011, according to a study from financial site NerdWallet reported by the Huffington Post. The 10 companies include…
The IRS is paying out billions of dollars in fraudulent tax refunds to identity thieves; a problem that the tax service’s inspector general told CNBC is a “growing problem” involving numbers that are increasing “exponentially.”…
The Ascendancy of a Criminal Financial Elite: The Two Faces of a Police State “The rotten heart of finance” The Economist “There is a degree of cynicism and greed which is really quite shocking” Lord Turner Bank of England , Financial Service Authority Introduction Never in the history of the United States have we witnessed crimes committed on the scale and scope of the present day by both private and state elites. An economist of impeccable credentials, James Henry, former chief economist at the prestigious consulting firm McKinsey & Company, has researched and documented tax evasion. He found that the super-wealthy and their families have as much as $32 trillion (USD) of hidden assets in offshore tax havens, representing up to $280 billion in lost income tax revenue! This study excluded such non-financial assets as real estate, precious metals, jewels, yachts, race horses, luxury vehicles and so on. Of the $32 trillion in hidden assets, $23 trillion is held by the super-rich of North America and Europe.
INTRODUCTION Capitalism has always been about making money, but until recently that mostly meant making things in factories or harvesting things from fields that others would need and would buy. But in recent years that…
“In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic…