World-News

The Wealth Defense Industry Protects the Richest of the Rich.

By Jeffrey A. Winters

Mitt Romney, who in 2010 paid 13.9 percent of his $21.6 million income in taxes that year, the same tax rate as an individual who earned a mere $8,500 to $34,500.

http://www.informationclearinghouse.info/article31064.htm



How did Mitt Make so Much Money and Pay so Little in Taxes?

By Robert Reich

The magic of private equity reveals a lot about how and why our economic system has become so distorted and lopsided, why all the gains are going to the very top while the rest of us aren t going anywhere.

http://www.informationclearinghouse.info/article31063.htm

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Watch Us Move Our Millions
http://www.commondreams.org/view/2012/04/12-5

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The Rich Are Different From You and Me: They Pay Fewer Taxes

Michael Winship and Bill Moyers, Truthout: ''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.''

http://truth-out.org/news/item/8502-the-rich-are-different-from-you-and-me-they-pay-fewer-taxes



The Oligarchy s Rule of Law: From Russia to Oklahoma

Mark Ames, The Daily Banter: ''At the end of the 1990s, the unprecedented collapse of Russia s economy and its capital markets, the wholesale looting, the quiet extermination of millions of Russians from the shock and destitution, the terrible consequences of imposing radical libertarian free-market ideas on an alien culture, turned out worse than any worst-case-scenario imagined by the free-market true-believers.... Publicly-traded companies have been and can be transformed into elaborate schemes to loot and steal from the public and enrich a tiny handful of oligarchs.''

http://truth-out.org/news/item/9409-the-oligarchys-rule-of-law-from-russian-to-oklahoma

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Worst of All Possible Worlds
http://www.lewrockwell.com/lewrockwell-show/2012/04/14/270-worst-of-all-possible-worlds/



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Obama
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Romney
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=oligarch
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=tycoon
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=PACs
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=wealthy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=super-rich
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=economic+system
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=hedge+fund
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=equity
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=income+tax
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=tax+rate
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Jeffrey+A.+Winters
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Robert+Reich+Blog
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Rebecca+Leisher
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Michael+Winship
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Moyers
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=/lewrockwell-show
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