New Study Proves Many U.S. Corporations Pay Zero Taxes, Seniors Are 47 Times Richer Than Those Under 35 (LINKS)

• New study proves many U.S. corporations pay zero taxes
• Older Americans are 47 times richer than those under 35 - CNN
• Bank Of America Overdraft Lawsuit - Federal Judge Approves $410 Million Settlement
• Wall Street Transaction Tax Would Raise $350 Billion
• They Are Everywhere - Banks Extract Fees On Unemployment Benefits
• Building his foreclosure empire by taking other’s homes - Boston Globe
• Debate Rages - Public Sector Vs. Private Sector - Who Makes More?
• New census method puts US poor at 49.1 million - 16% of population
• Oil Patch - 'My students make twice my salary'
• Bank dumping: Do the megabanks even care?
• How one man tracked down Anonymous - and paid a heavy price

Comments

[tal]

Aaron Barr, the man "who tracked down Anonymous", is also the guy who hacked into OWS, stole their emails and gave them to Breibart.

[chunga]

RE: Building his foreclosure empire by taking other’s homes - Boston Globe

I love it - this fiendish outfit at Harmon Law is on borrowed time. They WILL go down, it's just a matter of time.

[Mers Fraud]

RE: Building his foreclosure empire by taking other’s homes - Boston Globe

Andrew Harmon's signatures certainly looked suspicious to me.

Also, listen to the original Foreclosure Fight Club Lawyer, George Babcock, explain it all in a 45 minute long interview here...
http://4closurefraud.org/2011/11/05/catch-the-replay-of-citizen-warriors-radio-with-george-babcock-november-5th-2011/

[G Street]

Re: seniors versus those under 35, from that link:

"Most of today's older homeowners got into the housing market long ago, at 'pre-bubble' prices," the report said. "Along with everyone else, they've been hurt by the housing market collapse of recent years, but over the long haul, most have seen their home equities rise." (end)

THAT, not the rampant financial fraud including housing, is the non-headlined reason given for the wealth gap. Seniors are being made poorer, too, it is just taking a bit longer since they have a lifetime of wealth accumulation to wipe out. CNN and the rest of the corporate whores are pushing this generational warfare meme to avoid accountability for the criminal partnership between corporations and government, one in which media played an important role.

[Bill]

I agree with Gstreet. I would expect seniors to be wealthier than those under 35. As G said, they bought their homes way before the bubble. Also, they have been working and investing for 30 years longer than the young people. What is the point of this article, to cause yet more class warfare? Utterly ridiculous and meaningless. What a waste of time.

[John Mack]

As a senior I ain't rich. Were it not for Social Security I would be homeless. Bah!

[The voice of reason]

What a stupid study! The only people who think this is not right are those who expect instant BMWs, Million $ homes and all within a couple years out of school! At age 35 I was flat broke and still trying to get my business moving so that I could enjoy more than 2X min wage. Now I am 68, have no debt and a nice income from properties I have sacrificed most of my life to buy. Now, I can help a couple of my kids and grand kids unless the Occupy crowds and Obama get their way and decide that my hard work for most of my life needs to be spent on and shared with people with less demanding work ethics than I have had. On the other hand, when I finally became CEO of my own company, I was not one of those who made 400 X the salary of those under me. I might have made 10x-20x, but I was also the one who put his life savings into building the business for many years. I was the one who sold my life insurance policy just so that I could meet payroll and not leave any of my employees without a pay check on time. I don't relate to those bank execs who make millions each year and retire with billions! Same with government hired Fannie and Freddie execs that the Obama administration is paying $12 Million in bonuses to! Last time I was asked to define a bonus it was for work well done and neither of those organizations have been run well from the start!

[Backgammon]

So, now we have AGE warfare. I know Seniors who can only shop once a month and clip cupons and eat what is on sale.
They may own their $80,000 home, but keep lights low and temperature according to their income.

[Texas Dar]

They may own their $80,000 home, but keep lights low and temperature according to their income.

Very true, and thats the richer of the poor. The poor'er of the poor eat human grade pet food just to keep the lights and heat on. And some dont evan have pets........

[Howard T. Lewis III]

Congress' response to high velocity computer trading is to tax it 1 or 2% and you guys don't find this disturbing. It legitimizes looting since benefit is not demonstrated by each trade. The only event justifying these trades is the increase in value of some portfolio items. For example, I have an old cat box that I was just offered 1$ million for. If you were a computer who picked up on offers of catboxes going through the roof, you would jump in, collect your commissions, and divest when the price began to change for the worse after the perps bailed out. If I had a broker who took part in such garbage to justify his commissions, I would make him give the money back. The one I deal with now thinks wearing a suit while he lies to me and steals with his friends protects him from the computer trolls in his personal Dungeons and Dragons game. He needs behavior modification and a forcible wresting of possessions for repaying clients.

If you were walking down the street and saw your recently deceased father laying there with a couple of grave robbers knocking the silver out of his teeth, you might react. If you said, "Hey! Those are my father's silver filled teeth and that ring was a gift from my mother!", they , given the norm for todays targetted brokers, would say, "Don't question us! We are PROFESSIONALS and the judge won't listen to you. And we know the prosecutor and the five other lawyers in town. So beat it asshole, or we'll file a RESTRAINING order.

There are some arrogant, altricial, overpaid dumb sons-of-bitches running around, and I am not one of them. The ghoul tries to bribe me by throwing in a bit extra for one month.Too bad his parents were slobs.

[G Street]

Re: WS Transaction Tax

It would be a user fee, similar to charging the public to use national parks or dinging retirees for Medicare. Lord knows WS has public costs. Who other than Wall Street is more justly charged for it?

I also recall at the height of the financial crisis all the politicians, especially GOP, who said that of course they were for regulations, blah, blah, blah. Now without skipping a beat or being asked a question, they are regurgitating their old anti-regulation mantra. So is regulation only good when it's a bailout?

The very least WS can do is help offset its cost to the public. After all, since they own the regulators, they might as well pay for them.