Michael Roberts: The IMF Is Worried That With The Huge Increase In Inequality There Is Serious Danger Of Social And Political Unrest

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TheRealNews on Oct 27, 2017

All income growth of the past few years is going to the top 10 percent, without paying more in taxes. IMF says that higher taxation of the top earners would not impinge on economic growth, explains economist Michael Roberts.

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Guillaume Long, Minister of Foreign Affairs Ecuador: We Claim the Supremacy of Human Beings Over Capital

Day 40 Occupy Wall Street October 25 2011 Shankbone

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United Nations General Assembly
September 23, 2016

Statement Summary:

GUILLAUME LONG, Minister for Foreign Affairs and Human Mobility of Ecuador, said the last decade of the citizen revolution in his country had shown that to achieve development it was necessary to do the opposite of the prescription of the neoliberal hegemony.  Ecuador had been able to recover the faith and hope of a country that had been destroyed, and that could be reflected in tangible results for its people, notably in the reduction of extreme poverty and inequality.  The Powers of hegemony had appropriated widely used words and given them meaning to impose a political and moral agenda on the planet.  The word “development” was not just a technical issue, but a political one, especially when it came to the redistribution of wealth.  “Human rights” included economic and social rights, not just political ones, and were violated not just by States but by multinational corporations as well.

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In The Panama Capers We Trust by Clive Hambidge

tax the rich mural

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by Clive Hambidge
Writer, Dandelion Salad
London, England
April 14, 2016

The Panamanian Capers

Apparently, if you’ve seen the news, the leaked Panama Papers[1], from the “tight lipped” (Economist) Panamanian law firm Mossack Fonseca & Co, are spilling the beans on the details of what the rich, powerful and greedy “beyond avarice” get up to with unseemly amounts of dosh, in 214,488 offshore tax havens. Mossack Fonseca & Co has been under investigation and intense scrutiny for some time. Ken Silverstein contributing editor for Vice who had cased the Mossack Fonseca & Co joint, two years before the Panama Papers disclosure, writing: “If shell companies are getaway cars for bank robbers, then Mossack Fonseca may be the world’s shadiest car dealership.” True but the Mossack Fonseca shenanigans are part of the problem but not the endemic problem. The endemic problem is American financial hegemony. Mossack Fonseca’s offices have just been raided almost certainly because Panamanian politicians and their dealers (they are all in need of a fix) will be implicated in all sorts of sordid stuff. And one expected that.

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Michael Hudson: They Finance the Military Budget with Money Laundering by the World’s Criminals

Cameron Must Resign protest 9 April 2016

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with Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
April 14, 2016

TheRealNews on Apr 13, 2016

Economist Michael Hudson says oil and mining industries and the State Department created Panama and Liberia for the express purpose of tax evasion.

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The Panama Papers: War on Corruption or War on Savers? by Ellen Brown

No Cash

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by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
April 10, 2016

Exposing tax dodgers is a worthy endeavor, but the “limited hangout” of the Panama Papers may have less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins of depositor funds.

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The Panama Papers: Victims of Offshore Financing

72% of Fortune 500 companies have subsidiaries in offshore tax havens.

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ICIJ on Apr 3, 2016

The Panama Papers is a global investigation into the sprawling, secretive industry of offshore that the world’s rich and powerful use to hide assets and skirt rules by setting up front companies in far-flung jurisdictions.

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The 1% Economy: A Global Inequality Crisis

Common Wealth 03

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The Debate – 1% (Greater than) 99%

PressTV News Videos on Jan 19, 2016

The financial inequality across the globe has reached new extremes. The international charity -Oxfam- in its latest report “An Economy for the 1%” has a shocking revelation: “Runaway inequality has created a world where 62 people own as much wealth as the poorest half of the world’s population.” Imagine that. Only five years earlier it took 388 of the world’s richest to reach that mark. Extreme inequality: that is the topic for this edition of the debate.

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Goldman left investors holding its subprime bag (Part 3)

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The Real News Network

TheRealNews

Inside investment circular were the details of a secret $2 billion deal channeled through a tax haven.

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