(Reuters) – In February 2008, Thomas Minder, a Swiss businessman whose family-owned company is best known for its old-fashioned herbal toothpaste, attacked his banker, UBS Chairman Marcel Ospel, as if he were a form of stubborn plaque. At a shareholders’ meeting in Basel, he stormed the podium as Ospel addressed […]
Ken Fisher, Billionaire Forbes Writer, Attempts To Argue That The U.S. Needs Fewer Jobs Huffington Post – by Mark Gongloff For years Americans have pondered the mystery of how to create more jobs. Turns out we’ve been thinking about it all wrong: What we need are fewer jobs. Billionaire investor and author Ken Fisher explains in Forbes […]
Typical Rich Politically connected…. Don’t listen to what they say, Watch what they do. Former CEO of Costco is yet another example.
WELFARE QUEENS, “WE’LL FARE BETTER THAN YOU” “In our time, political speech and writing are largely the defense of the indefensible…”–George Orwell FORBES, September 2012: “The combined net worth of the 2012 class of the 400 richest Americans is $1.7 trillion, up from $1.5 trillion a year ago. The average […]
“Did someone say secret FDIC bailout…” — Brand new investigative piece from Rolling Stone published today. No wonder Romney tried so hard to keep this hidden. “The federal bailout ultimately engineered by Romney screwed the FDIC – the bank insurance system backed by taxpayers – out of at least $10 […]
A new article by reporter Matt Taibbi in Rolling Stone sheds new light on the origin of Republican presidential candidate Mitt Romney’s fortune, revealing how Romney’s former firm, Bain Capital, used private equity to raise money to conduct corporate raids. Taibbi writes: “What most voters don’t know is the way […]
From: PERRSpectives.com At events across the country, Mitt Romney’s presidential campaign is trying to convince voters that small business owners in fact build the roads and bridgesthey use every day. Unfortunately, Romney’s “We Did Build It” gatherings have hit some potholes, with many participants revealed to be the recipients of government contracts and subsidies and […]
A new report says that at least 21 trillion dollars, is being held around the world, in what are known as offshore accounts, or tax havens. This is as much money as the entire annual economic outputs of the US and Japan, combined but this belongs to just 10 million […]
Categories: The Super Rich Tags: $21 Trillion Hidden By Wealthy In Offshore Accounts
Don’t you think treason is treason? Here they get the best of the best out of Americas economy, then simply betray us all to avoid taxes. There needs to be strict laws on this, and criminal penalties on top of ‘Repatriation’ next to impossible.
By Gerald Friedman, who teaches economics at the University of Massachusetts, Amherst. He is the author, most recently, of “Reigniting the Labor Movement” (Routledge, 2007). Edited by Lynn Parramore and produced in partnership with author Douglas Smith and Econ4. Cross posted from Alternet. Summer 2009. Unemployment is soaring. Across America, […]
Categories: The Super Rich Tags: How Paris Hilton’s Dogs Ended Up Better Off Than You
How The Super Rich Avoid Taxes Even As They Demand That The Rest Of Us Pay More The way that we tax people in the United States is fundamentally broken and should be completely discarded. The U.S. tax code is absolutely riddled with loopholes that allow the super rich to […]