Where Has The Trickle In Trickle Down Gone?
Sunday, 21 October 2012 04:26
Where has the trickle in Trickle Down gone? It’s gone, gone overseas in tax exempt offshore accounts. According to an article,
http://www.guardian.co.uk/business/2012/jul/21/offshore-wealth-global-economy-tax-havens,
in the Guardian, a UK publication, up to 32 trillion dollars world wide are being hoarded in offshore accounts that are undeclared and untaxed. Another article from the Pittsburg Trib states that, “U.S. companies hold $22 trillion dollars abroad, according to a Commerce Department annual survey, and much of it pools in places known for low taxes and tight secrecy”,
http://triblive.com/news/2126360-74/tax-money-accounts-taxes-countries-financial-hide-billion-china-global#axzz29t1JrFtO, and that’s just U.S. corporations.
These reports have received virtually zero media coverage. These articles reveal one of the most important issues of the year: a true condemnation of Trickle Down economics!
Have you ever wondered why employment is down but the wealthiest have never been so wealthy? Well, when you continue to take money out of our economy without reinvesting it in either tax, the creation of business, or buying a lot of merchandise, that money doesn’t get recirculated and there is less money for the middle class and a reduction in demand. With less demand there is less hiring. Trickle Down is a fraud! It is destroying our economy and deregulation only enriches the wealthiest. Whatever Romney says day to day, you will get double down on Trickle Down and more deregulation.
Please pass this or just the articles on!
