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Nancy Waterman

(6,407 posts)

58. Exactly right!

Sun Jul 22, 2012, 10:41 AM

Jul 2012

The real story here is that the accounts and investments are beyond the nominal reach of the tax man. That's what needs to be fixed.

They rationalize their tax dodging by saying government is bad and all taxes are bad.

It is just like the issue of climate change. They want
to make unlimited money on oil and gas, so climate change doesn't exist.

Thus we have TWO inconvenient truths:

climate change;
tax collection and good government are necessary for a functioning and productive societies.

The GOP propaganda/ideology opposes them both, but underlying them is the money-grubbing agenda of the financial elite. These truths are inconvenient to their accumulation of wealth. The propaganda/ideology is the mask to make them palatable to the masses.

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�13tn: hoard hidden from taxman by global elite [View all] Bennyboy Jul 2012 OP

And Shrub was their best agent ever ,And MSM too orpupilofnature57 Jul 2012 #1

Phil Gramm helped. Octafish Jul 2012 #14

This message was self-deleted by its author bupkus Jul 2012 #31

The villains Jefferson warned us about. orpupilofnature57 Jul 2012 #34

Ummm, Judi Lynn already posted this article roughly 2 hours ago cstanleytech Jul 2012 #2

Not in LBN Brother Buzz Jul 2012 #9

Shouldn't "elite" be in quotes? Maybe not. They are the elite of asset hoarding greedy bastards. corkhead Jul 2012 #3

elite asses hoarding you say? ashling Jul 2012 #45

�13 trillion ($21tn) 21 trillion dollars? The Wielding Truth Jul 2012 #4

That's why the IRS goes after servers and hairdressers. TahitiNut Jul 2012 #5

Little fish are easier to get riverbendviewgal Jul 2012 #6

Better than that, they can sign checks... Amonester Jul 2012 #66

let's not forget university students downloading mp3 files Electric Monk Jul 2012 #8

Yeah... chervilant Jul 2012 #11

They go after everyone. wickerwoman Jul 2012 #39

did you miss the story abt irs auditing poor more? KakistocracyHater Jul 2012 #80

This is a bombshell Nancy Waterman Jul 2012 #7

Better yet, imagine that money going into payroll. Spitfire of ATJ Jul 2012 #19

OK, Turbineguy Jul 2012 #27

No biggie Spitfire of ATJ Jul 2012 #36

Most of that money is in investments. Psephos Jul 2012 #22

So, if I understand this correctly.. Incitatus Jul 2012 #23

Lax laws permitted something like that for a long time, but no longer. Psephos Jul 2012 #33

Exactly right! Nancy Waterman Jul 2012 #58

where are all the jobs from the "job creators" who need their permanent Bush tax cuts? wordpix Jul 2012 #41

Actually it's $21 trillion. 1MeanBean Jul 2012 #76

US debt! nt valerief Jul 2012 #10

At this rate, the numbers have little meaning. freshwest Jul 2012 #12

here's some meaning: based on a $50,000/yr. salary, $20 trillion would pay for 400 million jobs wordpix Jul 2012 #42

That's fine, but as a percentage of -- paper/digits in a database -- existing in the world today? freshwest Jul 2012 #48

What are their names? And on what streets do they live? Octafish Jul 2012 #13

This message was self-deleted by its author bupkus Jul 2012 #29

"Smirk." - Republican 1% Elites Berlum Jul 2012 #15

You would think, with all that Money, Mitt could afford better dental work n/t. formercia Jul 2012 #20

Gah! you just made me throw up my lunch! smirkymonkey Jul 2012 #72

These idiots must think they can take it with them when they die LiberalEsto Jul 2012 #16

The fires of Hell are fueled with Money formercia Jul 2012 #18

No they just make sure their next of kin and generations to come inherit it all. 1MeanBean Jul 2012 #79

Time for the tumbrels and hifiguy Jul 2012 #17

Party like it's 1789 nichomachus Jul 2012 #64

I've been trying to talk about this for over a year. Finally some is discussing this. nt nanabugg Jul 2012 #21

I know. Me, too. I guess better late than never. closeupready Jul 2012 #50

Corporations are swimming in cash.. the largest ever... lib2DaBone Jul 2012 #24

I declare the act of moving money offshore 'Romneying.' onehandle Jul 2012 #25

Romney: v. 1) to move money offshore to tax havens; 2) to outsource jobs for the purpose of wordpix Jul 2012 #43

Also known as 'Rmoneying'. Amonester Jul 2012 #67

GODDAMMIT! drm604 Jul 2012 #26

This message was self-deleted by its author bupkus Jul 2012 #28

LOL. Of course, I can't find a single US media outlet that is carrying this story. PSPS Jul 2012 #30

Well their boss is the advertisement industry ... YOHABLO Jul 2012 #35

Misanthrope Sycophant Monsters orpupilofnature57 Jul 2012 #38

kick to the top Nancy Waterman Jul 2012 #44

Just think of how many jobs they're going to create with all that dinero.. Fumesucker Jul 2012 #32

How ,where and when does this liquid solidify? orpupilofnature57 Jul 2012 #37

Willard's friends Angry Dragon Jul 2012 #40

All those trickle down job creating dollars creating jobs for foreign bankers. ASSHOLES! L0oniX Jul 2012 #46

Does this mean the job creators are hiding their loot instead of creating jobs? Who woulda thought! Citizen Worker Jul 2012 #47

THANK GOD IT PASSED! Safetykitten Jul 2012 #49

13 trillion stolen from the American people lovuian Jul 2012 #51

Not just the US but worldwide.... Bennyboy Jul 2012 #61

No wonder there"s no money for public schools leveymg Jul 2012 #52

Have we had enough yet? nt woo me with science Jul 2012 #53

What ever should be done about this? woo me with science Jul 2012 #54

The way to mobilize that money is to create an environment that encourages expansion of production slackmaster Jul 2012 #59

We are living the shock doctrine. woo me with science Jul 2012 #60

Depends also on 'how' to invest. Amonester Jul 2012 #68

The government would have to show some actual leadership slackmaster Jul 2012 #69

There will come a 'point' the government$ (plural) will have no other choices... Amonester Jul 2012 #70

Do the rich still "deserve" to be rich? primavera Jul 2012 #55

Kick. nt woo me with science Jul 2012 #56

So a few people have squirrelled away a bunch of cash. The answer is to create more. slackmaster Jul 2012 #57

Man, that is one fat squirrel. Cute though! smirkymonkey Jul 2012 #73

Secret Fed Loans Gave Banks $13 Billion Undisclosed To Congress midnight Jul 2012 #62

There's A LOT MORE than just that. 1MeanBean Jul 2012 #77

Presumably Tax Justice Nework know exactly where it is too dipsydoodle Jul 2012 #63

kick! hedgehog Jul 2012 #65

And that answers the question Michael Moore rhetorically asked in 'Capitalism, A Love Story' sabrina 1 Jul 2012 #71

Scum of the earth is what they are,,,, benld74 Jul 2012 #74

Wonder if they get FDIC coverage for that? nm rhett o rick Jul 2012 #75

No and yes 1MeanBean Jul 2012 #78

What a swindle. A coup. Quantess Jul 2012 #81