Posts tagged revenue

Credit Suisse CEO Brady Dougan: Release the Names of American Tax Dodgers

I just found out that 22,000 wealthy Americans opened up offshore bank accounts with Credit Suisse in Switzerland, to get out of paying their fair share of U.S. taxes. Credit Suisse has been helping them — by delivering account documents in person to avoid a paper trail, and opening a secret suite where they could do business. What’s worse, Credit Suisse won’t tell the U.S. government who these wealthy Americans are. I told Credit Suisse’s CEO Brady Dougan that he needs to release those names so they can be taxed. You should, too. It’s just wrong what the bank — and these tax dodgers — are doing.

Point to this the next time you hear some debt histronics.

Point to this the next time you hear some debt histronics.

Rand Paul is a classic example of an emperor that has no clothes. The clothes that Paul is lacking are American values of our founders.

In Federalist Paper 12, Alexander Hamilton wrote how government should be funded He wrote:

“The ability of a country to pay taxes must always be proportioned, in a great degree, to the quantity of money in circulation, and to the celerity with which it circulates. Commerce, contributing to both these objects, must of necessity render the payment of taxes easier, and facilitate the requisite supplies to the treasury.

“The wants of the government can never obtain an adequate supply, unless all the sources of revenue are open to its demands….”

That would include a proportional rate tax on the movement of all stock transactions. Hence, the $700-trillion-a-year OTC derivatives market; the $4-trillion-a-day Foreign Exchange derivatives market; the $1-trillion-a-day USB trades; $1.5-trillion-a-year drug cartel bank laundered money.

A 1% proportional rate would net the treasury about $70-trillion-a-year. Why isn’t Paul proposing such a transaction fee on these?

Paul says he putting up a fight against the Affordable Care Act, AKA, Good Samaritan Care. The AFC is a part of the general welfare provided by the Constitution (Art I Sec 8 Clause 1). The Constitution requires it to be funded.

If Paul’s a physician, his diagnosis of problems is sorely lacking. He should be avoided like the plague.
National Committee to Preserve Social Security & Medicare will tell you more.
Anyone who complains about the cost of entitlements who doesn’t have mad money in Singapore or Lichtenstein or doesn’t talk about raising revenue to pay for them is a tool.

National Committee to Preserve Social Security & Medicare will tell you more.

Anyone who complains about the cost of entitlements who doesn’t have mad money in Singapore or Lichtenstein or doesn’t talk about raising revenue to pay for them is a tool.

One way to keep Social Security Solvent

One way to keep Social Security Solvent

"Trickle Down" Is a Plutocratic Religion, Not an Economic Theory

…globalized corporate trade is conducted to increase the profits of large corporate entities. The result is the exact opposite, in many cases, of trickle down. Due to trade agreements that allow corporations to place factories in the lowest cost country, creating near slave-labor conditions - as BuzzFlash at Truthout has shown - for workers who, for example, make almost all American high-tech products overseas.

This does not trickle down jobs to Americans; it exports American jobs and devalues the compensation and benefits of US jobs that remain. Furthermore, in terms of NAFTA and Mexico, it dumps subsidized American products - particularly agricultural - south of the border and renders many small farmers in Mexico and Central America unable to compete. This is just one of the factors that results in increased migration to the US: the need to survive.

Questions for “Gridlock Grover” Norquist and his Shrinking Flock

  1. Do you currently feel bound by the anti-tax pledge held and enforced by Grover Norquist’s organization, Americans for Tax Reform?
  2. Do you believe that your Oath of Office to support the Constitution trumps Mr. Norquist’s pledge and any other special interest pledge?

Ten Giant U.S. Companies Avoiding Income Taxes

  1. Exxon Mobil
  2. Bank of America
  3. General Electric
  4. Chevron
  5. Boeing
  6. Valero Energy
  7. Goldman Sachs
  8. Citigroup
  9. ConocoPhillips
  10. Carnival Cruise Lines

This happens because voters let them make the rules.