AMERICAN CORPORATOCRACY (Corporate Plutocracy)

AMERICAN CORPORATOCRACY (Corporate Plutocracy)

US CORPORATE TAX DODGERS – NEW PRINCES OF THE 21st CENTURY

ALSO, HOW THE FED KILLED THE US DOLLAR

Many of us will find the enclosed video an eye-opener. America, as our Founding Fathers had envisaged it, ceased to exist when private bankers took over the management of the country’s wealth in Dec 1913. We have all become heavily indentured to the bankers.

As a result, they own 40% of the assets traded on public exchanges and 60% of the corporate earnings, according to Karen Hudes, an economist and lawyer, one of the many interviewees in this revealing video. And the US taxpayers are left holding the bag. And the tax bills.

So to title this video “The Choice is Ours” shows that its authors have a sense of humor.We should regard this video as a satire that carries a deadly serious message.

Check out this video – “The Choice is Ours” – Interviewees

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US CORPORATE TAX DODGERS: NEW PRINCES OF THE 21st CENTURY

As a result, the vast majority (over 99%) of Americans today are enslaved by financial means. As a nation, we are in debt to the hilt – $ 1 7 , 9 4 9 , 3 0 9 , 3 6 7 , 9 9 9 . 6 1 – as of 13 Nov 2014 at 05:21:48 PM GMT.

Which, of course, delights the bankers who hold our government bonds.

It gets worse…

As individuals, even the “well to do ones” among us tend to carry large mortgages or other debt, thus deluding ourselves about our true wealth. And most of us pay taxes both on income and property we own. In many states, we also pay tax on products and services we buy.

Meanwhile, many of the “slave owners,” the top US corporations, are getting off scot-free. Like these 26 large companies that paid NO TAX in the five years between 2008-2012.

How’s that for a cozy arrangement? Meet the new Princes of the 21st Century. Not since King John and Magna Carta in 1215 AD have “the Princes” (ruling class) shown such greed and contempt for fairness and the rule of law.

HOW THE FED KILLED THE US DOLLAR

So the US taxpayers suffer while the corporations and bankers prosper. Since 1913, the Fed have virtually killed the US dollar.  Our currency is today worth less than 5 cents of the 1913 dollar.

Put it all together, and what we have in America is a classic plutocracy. Or CORPORATOCRACY, in our case.

Also see, Corporate Giants Which Pay No or Little Tax (Reuters). And US National Debt clock: http://www.brillig.com/debt_clock/

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UPDATE April 15, 2016

Of the 21 companies with the most offshore cash, 8 have a tech focus, with Apple, Microsoft, Google and IBM in the overall top 5. Apple had the most offshore funds of all companies with a whopping 181.1 billion US dollars. The infographic below pulls these 8 tech companies together to see how they stack up in terms of money held offshore and subsidiaries in tax havens.

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