From http://www.Washingtonsblog.com--
"Using data from the BIS, IMF, World Bank, and governments, former Chief Economist at McKinsey, James Henry, reports the 1% have deposited $21 trillion to $32 trillion in tax havens to evade taxes. Related, the Federal Reserve reports the US top seven banks have over $10 trillion in assets recorded in over 14,000 created “subsidiaries” to avoid taxes.
The 1% hide more than total annual economic output of the US and Japan combined."
What we have witnessed is that Mitt Romney, as expressed through his wife, Ann, that the common person, the American people don't deserve to know any more about their finances, and tax returns than what they have exposed.
In addition, it has been reported in the Boston Globe that many of Mitt Romney's letters written while administrating the U.S. Winter Olympics have been hidden.
Romney is a hider. He is secretive. He is a concealer. He might become the Hider and Concealer-in-Chief. He appears to NOT believe in transparency.
Why would he want to hide his tax returns, and letters of correspondences unless there is damaging information that average Americans would be disgusted by. He might not have done anything illegal, but just at the very least, immoral, or unethical.
Does he NOT want YOU to know that he paid no taxes, or less of a tax rate than YOU did?
We have found out recently that Dade Behring was wrung out to dry once Bain Capital and Mitt Romney got their hands on it.
In advance of Mitt Romney's fundraising swing through Florida tomorrow Democrats are highlighting one of the business ventures of Bain Capital while Romney was in charge: Dade Behring, which, saddled with debt, wound up shuttering two medical technologies facilities in Miami. Some 850 jobs were lost, while Bain walked away with $242-million - an 800 percent return on its investment
The Dade Behring case has been well-documented, but here's a new wrinkle: The company under Bain's leadership sought and received millions of dollars in tax breaks for creating jobs in Puerto Rico - shortly before closing it's facilities, costing nearly 300 jobs.
The company in 1997 received a $3-million federal tax break aimed to promoting job creation in Puerto Rico. It also received a $4.1-million tax exemption from Puerto Rick in 1997 in the name of job creation. Dade ceased its operations in Puerto Rico in the first quarter of 1998."
The company was profitable, but once Bain got their Mitts on them, they were squeezed dry sending jobs overseas, and their domestic workers on the unemployment lines.
What we learn nearly everyday is that Bain's Mitts were dirty and predatory. They were money sucking vultures.
Anyone who can wake up every morning and believe they are doing honorable and good work by destroying jobs and businesses, and sucking all the operating capital from them while receive tax breaks as they are being drained dry must be a perverted sociopath.
That makes Mitt Romney a perverted sociopath sanctioned by the Mormon Church.
(http://eye-on-washington.blogspot.com)
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