Labels: cabal, elites, greed, income gap, inequality, offshore economy, poverty, Russia Today, super-rich, tax evasion, tax havens
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posted by profmarcus at
7/23/2012
A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore – as much as the American and Japanese GDPs put together – according to research commissioned by the campaign group Tax Justice Network.
James Henry, former chief economist at consultancy McKinsey and an expert on tax havens, has compiled the most detailed estimates yet of the size of the offshore economy in a new report, The Price of Offshore Revisited, released exclusively to the Observer.
He shows that at least £13tn – perhaps up to £20tn – has leaked out of scores of countries into secretive jurisdictions such as Switzerland and the Cayman Islands with the help of private banks, which vie to attract the assets of so-called high net-worth individuals. Their wealth is, as Henry puts it, "protected by a highly paid, industrious bevy of professional enablers in the private banking, legal, accounting and investment industries taking advantage of the increasingly borderless, frictionless global economy". According to Henry's research, the top 10 private banks, which include UBS and Credit Suisse in Switzerland, as well as the US investment bank Goldman Sachs, managed more than £4tn in 2010, a sharp rise from £1.5tn five years earlier.
The detailed analysis in the report, compiled using data from a range of sources, including the Bank of International Settlements and the International Monetary Fund, suggests that for many developing countries the cumulative value of the capital that has flowed out of their economies since the 1970s would be more than enough to pay off their debts to the rest of the world.
Oil-rich states with an internationally mobile elite have been especially prone to watching their wealth disappear into offshore bank accounts instead of being invested at home, the research suggests. Once the returns on investing the hidden assets is included, almost £500bn has left Russia since the early 1990s when its economy was opened up. Saudi Arabia has seen £197bn flood out since the mid-1970s, and Nigeria £196bn.
"The problem here is that the assets of these countries are held by a small number of wealthy individuals while the debts are shouldered by the ordinary people of these countries through their governments," the report says.
The sheer size of the cash pile sitting out of reach of tax authorities is so great that it suggests standard measures of inequality radically underestimate the true gap between rich and poor. According to Henry's calculations, £6.3tn of assets is owned by only 92,000 people, or 0.001% of the world's population – a tiny class of the mega-rich who have more in common with each other than those at the bottom of the income scale in their own societies.
"These estimates reveal a staggering failure: inequality is much, much worse than official statistics show, but politicians are still relying on trickle-down to transfer wealth to poorer people," said John Christensen of the Tax Justice Network. "People on the street have no illusions about how unfair the situation has become."
Labels: cabal, elites, greed, Guardian, income gap, inequality, offshore economy, poverty, super-rich, tax evasion, Tax Justice Network
Submit To Propellerposted by profmarcus at
7/22/2012
Noam Chomsky: 'The Occupy movement just lit a spark'
'If you're rich and powerful you never have enough'. In this full-length interview, Gary Youngetalks to US historian and philosopher Noam Chomsky about why the Occupy movement is so important, where it goes from here, and how it will affect the election.
Labels: 2012 election, brainwashing, Civil liberties, elites, enough is never enough, Gary Younge, greed, Guardian, Noam Chomsky, Occupy, propaganda, protestors, super-rich
Submit To Propellerposted by profmarcus at
7/07/2012
[T]he American dream is a myth. There is less equality of opportunity in the United States today than there is in Europe – or, indeed, in any advanced industrial country for which there are data.
This is one of the reasons that America has the highest level of inequality of any of the advanced countries – and its gap with the rest has been widening. In the “recovery” of 2009-2010, the top 1% of US income earners captured 93% of the income growth. Other inequality indicators – like wealth, health, and life expectancy – are as bad or even worse. The clear trend is one of concentration of income and wealth at the top, the hollowing out of the middle, and increasing poverty at the bottom.
It would be one thing if the high incomes of those at the top were the result of greater contributions to society, but the Great Recession showed otherwise: even bankers who had led the global economy, as well as their own firms, to the brink of ruin, received outsize bonuses.
A closer look at those at the top reveals a disproportionate role for rent-seeking: some have obtained their wealth by exercising monopoly power; others are CEOs who have taken advantage of deficiencies in corporate governance to extract for themselves an excessive share of corporate earnings; and still others have used political connections to benefit from government munificence – either excessively high prices for what the government buys (drugs), or excessively low prices for what the government sells (mineral rights).
Likewise, part of the wealth of those in finance comes from exploiting the poor, through predatory lending and abusive credit-card practices. Those at the top, in such cases, are enriched at the direct expense of those at the bottom.
Labels: 1%, American dream, common good, elites, Great Recession, greed, inequality, Joseph Stiglitz, poverty, rent-seeking, super-rich
Submit To Propellerposted by profmarcus at
6/06/2012
Shocking Conflict of Interest: Private Water Companies Partner With Fracking Lobby
Selling water to drillers, two of the nation's biggest private water utilities may soon profit from treating the wastewater.
Two of the country's largest private water utility companies are participants in a massive lobbying effort to expand controversial shale gas drilling -- a heavy industrial activity that promises to enrich the water companies but may also put drinking water resources at risk.
The situation -- which some watchdogs describe as a troubling conflict of interest -- underscores the complex issues raised by the nationwide push to privatize infrastructure and services like water, prisons, and roads.
Labels: elites, fracking, greed, Human rights, privatization, shale gas, super-rich, utility companies, water
Submit To Propellerposted by profmarcus at
4/20/2012
Five Reasons Why The Very Rich Have NOT Earned Their Money
1. They've Taken All the Middle Class Wage Increases
2. They've Mismanaged Key American Industries
3. They've Benefited from 50 Years of Public Research
4. They've Increased Their Incomes By Not Paying Taxes
5. They've Contributed Little to Society
Labels: Common Dreams, common good, elites, greed, super-rich
Submit To Propellerposted by profmarcus at
4/16/2012
Top hedge fund managers collectively earned $14.4 billion last year." No wonder some of them are fighting to kill a provision in the recent Dodd-Frank reform law that would require disclosing the ratio of CEO pay to the median pay of their employees. One never wishes to upset the help, you know. It can lead to unrest.
That's Wall Street - the metaphorical bestiary of the financial universe. But there's nothing metaphorical about the earnings of hedge fund tigers, private equity lions and the top dogs at those big banks that were bailed out by tax dollars after they helped chase our economy off a cliff.
So, what do these big moneyed nabobs have to complain about? Why are they whining about reform? And why are they funneling cash to super PACs aimed at bringing down Barack Obama, who many of them supported four years ago?
Because, writes Alec MacGillis in The New Republic - the president wants to raise their taxes. That's right - while ordinary Americans are taxed at a top rate of 35 percent on their income, Congress allows hedge fund and private equity tycoons to pay only 15 percent of their compensation. The president wants them to pay more; still at a rate below what you might pay, and for that he's being accused of - hold onto your combat helmets - "class warfare."
[...]
To add insult to injury, average taxpayers even help subsidize the private jet travel of the rich. On the Times' DealBook blog, mergers and acquisitions expert Steven Davidoff writes, "If an outside security consultant determines that executives need a private jet and other services for their safety, the Internal Revenue Service cuts corporate chieftains a break. In such cases, the chief executive will pay a reduced tax bill or sometimes no tax at all."
Are the CEOs really in danger? No, says Davidoff, "It's a common corporate tax trick."
Talk about your friendly skies. No wonder the people with money and influence don't feel connected to the rest of the population. It's as if they live in a foreign country at the top of the world, like their own private Switzerland, at heights so rarified they can't imagine life down below.
Labels: Bill Moyers, elites, executive compensation, greed, materialism, Michael Winship, super-rich, Truthout
Submit To Propellerposted by profmarcus at
4/14/2012
The death of American liberalism as a significant moral force can be traced to the point in 1996 when President Bill Clinton signed legislation that effectively ended the main federal anti-poverty program and turned the fate of welfare recipients, 70 percent of whom were children, over to the tender mercies of the states. With a stroke of the pen, Clinton eliminated what remained of New Deal-era compassion for the poor and codified into law the “tough love” callousness that his Republican allies in the Congress, led by Newt Gingrich, had long embraced.
The ensuing wave of state-imposed eligibility restrictions was designed to replace the war on poverty with a war on welfare recipients, with the result that in this time of economic crisis the poor have nowhere to turn. It also allowed states to play in a meanness derby, cutting the welfare rolls and forcing many of the desperate to cross state lines to locales where they might survive. “My take on it was the states would push people off [the assistance lists] and not let them back on, and that’s just what they did,” said Peter B. Edelman, who resigned from the Clinton administration over this issue and who told the Times for the recent article, “It’s been even worse than I thought it would be."
Edelman, now a law professor at Georgetown University, was a close friend of the Clintons. His principled resignation was a rare exception to the cheerleading by Democrats who celebrated President Clinton’s betrayal of the poor as shrewd triangulation.
[...]
Calling the shots on spending for the most vulnerable since the Clinton revisions went into effect, the states have diverted funds for the poor to filling other holes in state budgets. Consequently, as the New York Times piece noted last week, “Just one in five poor children now receive cash aid, the lowest level in nearly 50 years.”
The response of the right-to-life Republicans has been typical—indifference to the fate of the fetus once it’s born.
Labels: Bill Clinton, elites, greed, liberal failure, New Deal, poverty, social contract, social darwinism, super-rich
Submit To Propellerposted by profmarcus at
4/12/2012
When the history books are written about Goldman Sachs, they may reflect that the current chief executive officer, Lloyd C. Blankfein, and the president, Gary D. Cohn, lost hold of the firm’s culture on their watch. I truly believe that this decline in the firm’s moral fiber represents the single most serious threat to its long-run survival.
[...]
It makes me ill how callously people talk about ripping their clients off. Over the last 12 months I have seen five different managing directors refer to their own clients as “muppets,” sometimes over internal e-mail. Even after the S.E.C., Fabulous Fab, Abacus, God’s work, Carl Levin, Vampire Squids? No humility? I mean, come on. Integrity? It is eroding. I don’t know of any illegal behavior, but will people push the envelope and pitch lucrative and complicated products to clients even if they are not the simplest investments or the ones most directly aligned with the client’s goals? Absolutely. Every day, in fact.
Labels: elites, ethics, financial services industry, Goldman Sachs, greed, super-rich, vampire squid
Submit To Propellerposted by profmarcus at
3/14/2012
Greece shows us how to protest against a failed system
I do not like violence. I do not think that very much is gained by burning banks and smashing windows. And yet I feel a surge of pleasure when I see the reaction in Athens and the other cities in Greece to the acceptance by the Greek parliament of the measures imposed by the European Union. More: if there had not been an explosion of anger, I would have felt adrift in a sea of depression.The joy is the joy of seeing the much-trodden worm turn and roar. The joy of seeing those whose cheeks have been slapped a thousand times slapping back. How can we ask of people that they accept meekly the ferocious cuts in living standards that the austerity measures imply? Do we want them to just agree that the massive creative potential of so many young people should be just eliminated, their talents trapped in a life of long-term unemployment? All that just so that the banks can be repaid, the rich made richer? All that, just to maintain a capitalist system that has long since passed its sell-by date, that now offers the world nothing but destruction. For the Greeks to accept the measures meekly would be to multiply depression by depression, the depression of a failed system compounded by the depression of lost dignity.
The violence of the reaction in Greece is a cry that goes out to the world. How long will we sit still and see the world torn apart by these barbarians, the rich, the banks? How long will we stand by and watch the injustices increase, see the health service dismantled, education reduced to uncritical nonsense, the water resources of the world privatised, communities wiped out and the earth torn up for the profits of mining companies?
The attack that is so acute in Greece is taking place all over the world. Everywhere money is subjecting human and non-human life to its logic, the logic of profit. This is not new, but the intensity and breadth of the attack is new, and new too is the general awareness that the current dynamic is a dynamic of death, that it is likely that we are all heading towards the annihilation of human life on earth. When the learned commentators explain the details of the latest negotiations between the governments on the future of the eurozone, they forget to mention that what is being negotiated so blithely is the future of humanity.
Labels: austerity, European Union, Greece, greed, Guardian, natural resources, political violence, privatization
Submit To Propellerposted by profmarcus at
2/20/2012
Fat cats and greedy pigs make great symbols of corporate greed, but multi-armed octopi speak to the ways in which corporations operate. On 11/20/2011 at noon a 15 foot tall x 70 foot long octopus puppet manned by 40 puppeteers "Octupied" the steps of Los Angeles City Hall and visiblized the tentacular stranglehold of corporations on politics and government. For more info visit: performingpublicspace.org
Labels: corporatocracy, greed, New Year, Occupy LA, puppets, Rose Parade
Submit To Propellerposted by profmarcus at
1/01/2012
Labels: Black Friday, greed, insanity, materialism, Occupy, Occupy Christmas, OWS
Submit To Propellerposted by profmarcus at
11/25/2011
Michael Moore:
This is one of the most remarkable movements that I’ve seen in my lifetime, precisely because it really isn’t a movement in the traditional sense. And I think that it has succeeded because it hasn’t followed the old motifs that we’re used to, in terms of organizing.
[...]
It has been the most uplifting, heartening thing to see: so many Americans of all stripes deciding that they’re just going to occupy. And they don’t have to call in to central command for permission. There are no dues to pay. There’s no leader to get permission from. There’s no meetings, subcommittee meetings, you know, all these things you have to go through.
Patrick Bruner:
This isn’t a protest. This is a way of making a new space. We have taken Liberty Square. We have renamed it, and we have rebuilt it into something that we believe is a better model. Maybe it’s not perfect. Maybe it’s not what we’ll come out of this with. But it’s a way to at least start a discussion, a real discussion, about all of the things that ail us on a daily basis, the things that are never really discussed.
Rinku Sen:
I think that the Occupy movement has—needs to have some autonomy. It does. And I really think it was very, very smart not to have demands, you know, right out the gate. It’s not a campaign. So, organizations do campaigns, and movements do something else. They shift the public will. And so, the Occupy movement has to retain its ability to do its primary job, as I understand it, which is to keep shifting the public will and making that psychic break happen and supporting that psychic break.
William Greider:
[W]e know it’s a high-risk enterprise to try to build an authentic social movement. Many arise and fail, or get crushed. And the ideas are literally pushed back out of the public square. But they go back—they continue somehow and maybe come back a generation or two generations later. So we have to—I think we have to take that sort of long view of what we’re doing.
Naomi Klein:
[W]hat I find exciting is the idea that the solutions to the ecological crisis can be the solutions to the economic crisis, and that we stop seeing these as two problems to be pitted against each other by savvy politicians, but that we see them as a single, single crisis, born of a single root, which is unrestrained corporate greed that can never have enough, and that is that mentality that trashes people and that trashes the planet, and that would shatter the bedrock of the continent to get out the last—the last drops of fuel and natural gas. It’s the same mentality that would shatter the bedrock of societies to maximize profits. And that’s what’s being protested.
Labels: Amy Goodman, Democracy Now, greed, leaderless, Liberty Square, Michael Moore, Naomi Klein, OWS, Patrick Bruner, Rinku Sen, William Greider
Submit To Propellerposted by profmarcus at
11/25/2011
Here’s how the Occupy movement is already changing everything:
1. It names the source of the crisis.
Political insiders have avoided this simple reality: The problems of the 99% are caused in large part by Wall Street greed, perverse financial incentives, and a corporate takeover of the political system. Now that this is understood, the genie is out of the bottle and it can’t be put back in.2. It provides a clear vision of the world we want.
We can create a world that works for everyone, not just the wealthiest 1%. And we, the 99%, are using the spaces opened up by the Occupy movement to conduct a dialogue about the world we want.3. It sets a new standard for public debate.
Those advocating policies and proposals must now demonstrate that their ideas will benefit the 99%. Serving only the 1% will not suffice, nor will claims that the subsidies and policies that benefit the 1% will eventually “trickle down.”
4. It presents a new narrative.
The solution is not to starve government or impose harsh austerity measures that further harm middle-class and poor people already reeling from a bad economy. Instead, the solution is to free society and government from corporate dominance. A functioning democracy is our best shot at addressing critical social, environmental, and economic crises.5. It creates a big tent.
We, the 99%, are people of all ages, races, occupations, and political beliefs. We will resist being divided or marginalized. We are learning to work together with respect.6. It offers everyone a chance to create change.
No one is in charge; no organization or political party calls the shots. Anyone can get involved, offer proposals, support the occupations, and build the movement. Because leadership is everywhere and new supporters keep turning up, there is a flowering of creativity and a resilience that makes the movement nearly impossible to shut down.7. It is a movement, not a list of demands.
The call for deep change—not temporary fixes and single-issue reforms—is the movement’s sustaining power. The movement is sometimes criticized for failing to issue a list of demands, but doing so could keep it tied to status quo power relationships and policy options. The occupiers and their supporters will not be boxed in.8. It combines the local and the global.
People in cities and towns around the world are setting their own local agendas, tactics, and aims. What they share in common is a critique of corporate power and an identification with the 99%, creating an extraordinary wave of global solidarity.9. It offers an ethic and practice of deep democracy and community.
Slow, patient decision-making in which every voice is heard translates into wisdom, common commitment, and power. Occupy sites are set up as communities in which anyone can discuss grievances, hopes, and dreams, and where all can experiment with living in a space built around mutual support.10. We have reclaimed our power.
Instead of looking to politicians and leaders to bring about change, we can see now that the power rests with us. Instead of being victims to the forces upending our lives, we are claiming our sovereign right to remake the world.
Labels: 1%, 99%, austerity, class warfare, communities, corporate military industrial government complex, empowerment, greed, leaderless, Occupy Wall Street
Submit To Propellerposted by profmarcus at
11/12/2011
I am completely sympathetic to what’s going on here. My profession is being ruined and decimated by the greed of Wall Street, by Big Pharma, by insurance companies. I’m practically forced out of practice after 30 years because I’m honest, because people looking at ways of hurting me and patients while CEOs are making millions and billions of dollars in the industries that control us now. So I am—I came running out of my office to say ‘Yes! Yes! I agree with you.’
Labels: banksters, big pharma, elites, greed, insurance companies, Jamie Dimon, JPMorgan Chase, Occupy Wall Street, super-rich
Submit To Propellerposted by profmarcus at
10/12/2011
Twenty-five major US firms paid more to their chief executives than to federal tax collectors in 2010, with most of the companies receiving tax refunds, a liberal-leaning think tank said Wednesday.
The study by the Institute for Policy Studies comes ahead of another expected round of fierce partisan bickering over whether the debt-laden United States should raise taxes on the wealthy and close loopholes to boost revenues.
The 25 CEOs -- many from well-known companies like General Electric, Verizon, Boeing and eBay -- were among the 100 highest paid chief executives in the United States, with 2010 pay averaging $16.7 million, the report said.
And 22 of the 25 had received pay increases that year.
The 25 firms reported average global profits of $1.9 billion, and 18 of them operated subsidiaries in offshore tax havens, the report said.
"Corporations don't dodge taxes. The people who run corporations do. And these people -- America's CEOs -- are reaping awesomely lavish rewards for the tax dodging they have their corporations do," the institute said.
Labels: corporatocracy, elites, executive compensation, greed, income gap, super-rich, tax evasion
Submit To Propellerposted by profmarcus at
8/31/2011
“When you look at a society you look at it through the lens of the least of these, the weak and the vulnerable; you are committed to loving them first, not exclusively, but first, and therefore giving them priority,” says West, the Class of 1943 University Professor of African American Studies and Religion at Princeton University. “And even at this moment, when the empire is in deep decline, the culture is in deep decay, the political system is broken, where nearly everyone is up for sale, you say all I have is the subversive memory of those who came before, personal integrity, trying to live a decent life, and a willingness to live and die for the love of folk who are catching hell. This means civil disobedience, going to jail, supporting progressive forums of social unrest if they in fact awaken the conscience, whatever conscience is left, of the nation. And that’s where I find myself now.”
“I have to take some responsibility,” he admits of his support for Obama as we sit in his book-lined office. “I could have been reading into it more than was there."
"I was thinking maybe he has at least some progressive populist instincts that could become more manifest after the cautious policies of being a senator and working with [Sen. Joe] Lieberman as his mentor,” he says. “But it became very clear when I looked at the neoliberal economic team. The first announcement of Summers and Geithner I went ballistic. I said, ‘Oh, my God, I have really been misled at a very deep level.’ And the same is true for Dennis Ross and the other neo-imperial elites. I said, ‘I have been thoroughly misled, all this populist language is just a facade. I was under the impression that he might bring in the voices of brother Joseph Stiglitz and brother Paul Krugman. I figured, OK, given the structure of constraints of the capitalist democratic procedure that’s probably the best he could do. But at least he would have some voices concerned about working people, dealing with issues of jobs and downsizing and banks, some semblance of democratic accountability for Wall Street oligarchs and corporate plutocrats who are just running amuck. I was completely wrong.”
“Can you imagine if Barack Obama had taken office and deliberately educated and taught the American people about the nature of the financial catastrophe and what greed was really taking place?” West asks. “If he had told us what kind of mechanisms of accountability needed to be in place, if he had focused on homeowners rather than investment banks for bailouts and engaged in massive job creation he could have nipped in the bud the right-wing populism of the tea party folk. The tea party folk are right when they say the government is corrupt. It is corrupt. Big business and banks have taken over government and corrupted it in deep ways.
“We have got to attempt to tell the truth, and that truth is painful,” he says.
Labels: Barack Obama, Chris Hedges, Cornel West, corporate military industrial government complex, elites, greed, neoliberalism, populism, super-rich
Submit To Propellerposted by profmarcus at
5/16/2011
The phrase consent of the governed has been turned into a cruel joke. There is no way to vote against the interests of Goldman Sachs. Civil disobedience is the only tool we have left.
We will not halt the laying off of teachers and other public employees, the slashing of unemployment benefits, the closing of public libraries, the reduction of student loans, the foreclosures, the gutting of public education and early childhood programs or the dismantling of basic social services such as heating assistance for the elderly until we start to carry out sustained acts of civil disobedience against the financial institutions responsible for our debacle. The banks and Wall Street, which have erected the corporate state to serve their interests at our expense, caused the financial crisis. The bankers and their lobbyists crafted tax havens that account for up to $1 trillion in tax revenue lost every decade. They rewrote tax laws so the nation’s most profitable corporations, including Bank of America, could avoid paying any federal taxes. They engaged in massive fraud and deception that wiped out an estimated $40 trillion in global wealth. The banks are the ones that should be made to pay for the financial collapse. Not us.
Labels: banksters, Chris Hedges, civil disobedience, elites, greed, super-rich, too big to fail
Submit To Propellerposted by profmarcus at
4/04/2011
Commander Bob Broadhurst of the Metropolitan Police confirmed that more than 250,000 people had marched peacefully...
[...]
Britain is facing 80 billion pounds ($130 billion) of public spending cuts from Prime Minister David Cameron's coalition government as it struggles to get the country's large budget deficit under control. The government has already raised sales tax, but Britons are bracing for big cuts to public spending.
After the country spent billions bailing out indebted banks, and suffered a squeeze on tax revenue and an increase in welfare bills, Treasury chief George Osborne has staked the coalition government's future on tough economic remedies. [emphasis added]
As many as half a million public sector jobs will be lost, about 18 billion ($28.5 billion) axed from welfare payments and the pension age raised to 66 by 2020, earlier than previously planned.
The TUC, the main umbrella body for British unions, says it believes the cuts will threaten the country's economic recovery, and has urged the government to create new taxes for banks and to close loopholes that allow some companies to pay less tax — an argument that chimes with many of the protesters.
"They shouldn't be taking money from public services. What have we done to deserve this?" said Alison Foster, a 53-year-old school teacher. "Yes, they are making vicious cuts. That's why I'm marching, to let them know this is wrong."
Labels: austerity, bailout, banksters, blue-collar workers, elites, greed, protests, super-rich, United Kingdom, United States, working poor
Submit To Propellerposted by profmarcus at
3/26/2011
A union member, a CEO and a Tea Party member are sitting at a table with 12 cookies. The CEO grabs 11, turns to the Tea Partier and says “The Union's out to take your cookie!”
I've been thinking that the joke applies pretty well to another situation. For instance, the military. Our military spending grabs 11 cookies and leaves us all battling over the 12th.
Christopher Hellman at TomDispatch added up all the military-related spending in the budget and came to a startling number: for fiscal year 2012, the actual military budget is something like $1.2 trillion dollars.
Trillion with a T.
Just to put that in perspective for a second, a million seconds is 12 days. A trillion seconds is 31,688 years.
So after all that cash is gone, what are we left with? Not a whole heck of a lot for the rest of us. “Discretionary” spending is nearly 40% of the budget, but if Hellman's numbers are accurate, that $1.2 trillion eats up nearly 90% of discretionary funds, leaving just 10% for the rest of us. (That doesn't include mandatory spending on things like Social Security and Medicare, which are separate.)
Labels: banksters, budget deficit, defense industry, elites, greed, super-rich, Tea Party
Submit To Propellerposted by profmarcus at
3/04/2011
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