Sunday, August 19, 2012

My Head is Getting Wet, It Must Finally Be Trickling Down! Uh, Why is it Yellow?

Aside from the fact that the tax regulations are rigged because people richer than me can afford their own lobbyists to write their own loopholes, what is surprising to me is:
"Actually, the world's wealthiest people have now stashed $21 trillion to $32 trillion in offshore tax havens, according to a recent estimate by the London-based Tax Justice Network in a report written by a former chief economist for McKinsey & Co."

Hard for that money to trickle down when it is stuck offshore and in order to spend it here, there would have to be taxes paid. Keep in mind that if they higher estimate is correct, that is almost twice the National Debt we are struggling as country to understand how to pay.

Hmm, the country's debt keeps getting bigger, and the upper 0.1% have taken more than that out of the country. and they get tax breaks to keep taking more money out of the country and the country needs revenue to pay the debts. I wonder how that works? Gee, I wonder when that money will come home?

Move along now, nothing to see here.

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