In Memory of Carol Ann

Dedicated to Erin Elizabeth and Deanna Carol


Any society that would give up a little liberty for a little security deserves neither and will lose both.

Benjamin Franklin.













Pages

Tuesday, July 24, 2012

Tax Secrets of the Filthy Rich


Yahoo reports today there is an estimated 21 trillion dollars  of tax free money hiding in  offshore Private Banks and Pirate Banks. Not sure what the difference is between the two but, reasonably sure it's minimal.
The difference between Stinkin Rich and Filthy Rich is Stinkin Rich pay some taxes to operate as honest citizens until they accrue enough cash to be Filthy.
CNBC is also airing the news of the hidden 21 trillion cash on cable today. Other reports today are for 32 trillion indicating nobody is quite sure. The only names given thus far is Mitt Romney has revealed some assets in foreign banks having paid US taxes. There is no proof Mitt does not have money in Pirate Banks unreported. We just don't know. Story here is we're not supposed to know. The cat is out of the bag most likely due to election season. This does not mean the reports are not true.
Mitoosense reported on 16 trillion of secret loans to US 2big2fail banks from the US Treasury at a whopping .001 % interest, without Congress approving. The money transferred through the Federal Reserve discount window making it legal, not ethical. We should audit the Federal Reserve. The 16 trillion was later revealed as 7 trillion or much more than a 750 billion TARP or Stimulus.  Not sure how much this is because these numbers become irrelevant over a million. Be my guest to divide how many times $750 billion will go into $16 trillion. The market is down today for the  3rd day indicating the possibility of another collapse. I'm kinda hoping the markets crash and we cause a market less recovery as a opposed to the current jobless recovery we enjoy today.
The next time you hear the discussion on the job creators and how much they should not pay in tax, remember, many are not paying any taxes at all.

No comments:

Post a Comment