Comment

Onion Talks: Delicious Pie and the Value of Patience

34
wrenchwench12/01/2012 6:08:31 pm PST

re: #30 Dark_Falcon

Who are these plutocrats you speak of? I want to hear your reply before I say anything more.

The wealthy people who pay little or no taxes and/or their corrupt government enablers. I don’t have any names. Here are some:

In early 2010, it was revealed that through the assistance of Goldman Sachs, JPMorgan Chase and numerous other banks, financial products were developed which enabled the governments of Greece, Italy and possibly other countries to hide their borrowing.[103][104] Dozens of similar agreements were concluded across Europe whereby banks supplied cash in advance in exchange for future payments by the governments involved; in turn, the liabilities of the involved countries were “kept off the books”.[104]

This had enabled Greek governments to spend beyond their means, while meeting the deficit targets of the European Union.[104][105] In May 2010, the Greek government deficit was again revised and estimated to be 13.6%[106] which was the second highest in the world relative to GDP with Iceland in first place at 15.7% and Great Britain third with 12.6%.[107] Public debt was forecast, according to some estimates, to hit 120% of GDP during 2010.[108]

Here are some more.