The Billinaires' War

[EV_Ares]

Massive armies are being deployed, high-powered artillery is being arrayed, initial skirmishes are already being fought, and an all-out war is a dead certainty for later this year

This is not in Iraq... but Washington, D.C. The warriers being assembled are not brave young soldiers, but $600-an-hour lobbyists. The fight is not on some moral high ground, but on the low, low, ground of Wall Street billionaires trying to dodge paying taxes.

In recent years, a handful of speculators and deal makers have gotten unimaginably rich by amassing investor dollars in such arcane financial entities as hedge funds and private equity firms. Using loopholes in the tax laws, they pay less than half of the corporate tax rate and even escape paying their share into America's Medicare health system. Many renege almost entirely on their tax obligation to our society by funneling their loot into such tax-avoidance havens as the Cayman Islands.

Now, however, congress is moving to seal off some of these loopholes – and the billionaires are squawking like a bunch of startled roosters. With a battle cry of "Save the Rich," such notorious outfits as Carlyle Group and Blackstone are assembling an army of lobbyists including former Democratic Congressman Vic Fazio, Bush's former White House political director Ken Mehlman, and former Newt Gingrich aide Leonard Swinehart.

Billionaire tax dodgers are an embarrassment to themselves. And, at a time when America has real soldiers facing death in a war that is draining our public treasury, it is a moral disgrace for these Wall Street elites to be lobbying for nothing more noble than their own greed. Rep. Sandy Levin has introduced H.R. 2834 to make such shameless hustlers pay their fair share of America's tax needs To learn more, call his office at 888-810-3880.

http://jimhightower.com/node/6165

[Deja Q]

1. Billionaire tax dodgers say it's not their problem; it's government's.

Nor do they feel embarrassed, I suspect.

[wildhorses]

2. too bad one does not --

DIE of embarrassment...

[Skidmore]

3. Even bigger embarrassments are

1) the scores of enabling millionaires in the House and the Senate who have bought their offices or have had them purchased for them.
2) the sycophant media which has become to razzle-dazzled by the lifestyles of the rich and famous that they can't do their jobs
3) the American public which keeps voting for these greedy, self-indulgent bastards and buying in to the bling culture--"look here...shiny thing."

[EV_Ares]

4. You know, those 3 explanations you mention, are exactly the cause

of this getting worse every day.

The senators & congressmen jobs being bought & sold.
The media who personifies this lifestyle. I remember Walter Cronkite saying that back in his days, the reporters would sit at the bar with the blue collar workers and drink a beer. They were all in the same class or working class. They did not work for a corporate media. They investigated their stories and they "only reported" their stories, did not dress them up. His words pretty much to that effect.

On your last comment, I know a lady at work, poor and claims to be be a christian. She still supports Bush because she thinks he is a christian, a man of god.

I have tried to point out to her and get her to tell me what he and the republicans have done to make her life better these last 7 years of which, of course, she really cannot answer because she is worse off than when Bush took office.

In other words, you are correct in your remarks.