OUR ECONOMIC SYSTEM, GREED AND CORRUPTION. 2:59 am / 22 July 2012 by ann arky, at annarky's blog.
According to a recent Reuters report the rich parasites of this world have as much as $32 trillion, (£20 trillion) of financial assets stashed away in offshore tax havens, which translate into approximately $280 billion in lost tax revenue. This pot of their secret money does not include their other toys, such as non financial assets, for example, yachts, racehorses, gold and real estate. The report also states that the richest citizens in 139 developing countries have from 1970 to 2010, amassed between $7.3 to $9.3 trillion in unrecorded offshore wealth. What was that you said about austere times?
Why should I pay taxes, they'll only spend it on things I don't need.
While the worlds parasitical leeches, as individuals, are robbing the people blind, the fine institutions of this corporate capitalist system are grabbing their share of all the dirty money in the world. HSBC, Europe's biggest bank, has just had it wrist slapped for laundering truck loads of drug money and helping to fund Al Qaeda and other such organisation. In case you don't know HSBC is also one of the best at screwing its customers, for example, it has the highest overdraft rate of any bank, it raises over £5 billion in overdraft fees in the UK in a year. Which of course helped it to £13.8 billion profit in 2011, and helped it hand its CEO over £7 million for his piggy bank. Of course HSBC does not stand alone in the fiddlers club, last week the offices of UBS Bordeaux and Strasbourg were raided on suspicion of money laundering and approximately 5,000 German clients of Credit Suisse are being investigated on suspicion of tax evasion. We can add to that the recent, but now not mentioned massive Westminster expenses exposure and you come up with a picture of a system that well and truly screws the public in favour of the parasites. Yes, we're all in this together.
There is talk of climate change because of pollutants produced by us humans, perhaps the real culprit is the foul stench that emanates from our economic system that is choking all life on the planet.
Categories: Anarchism
