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| GOP presidential candidate Mitt Romney is among the super rich with money in offshore accounts. (photo: AP) |
28 July 12
Reader Supported News | Perspective
magine
sitting at the kitchen table, stressing out over your family's
finances. Between the student loan debt, the credit card debt, the car
loan, the mortgage, the phone bill, the groceries, electricity and the
water, you only have so much in your bank account to cover a few of
those things. To avoid defaulting on your debt or having your car
repossessed, you'll either have to forgo electricity for your home, or
you can simply collect the debt owed to you by your rich neighbors, all
of which totals more than you would make in 10 years. Would you shut off
your lights, or collect what you're owed and settle all of your debt?
Any politician who bemoans the national debt, whether
they be American, Greek, Spanish or otherwise, is lying to you if they
blame anyone but the richest 0.001% for the country's massive debt. Because the richest 0.001% have anywhere between $21 trillion and $32 trillion
stashed in overseas bank accounts simply to avoid paying their fair
share of taxes. It's a number that's simply beyond comprehension. Even
if someone had spent a million dollars a day since Jesus was born, they
would have only spent $700 billion by today, just $0.7 trillion. READ MORE
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