Belmont Club

By Richard Fernandez

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Deficits both political and economic

November 13, 2008 - 1:44 pm - by Richard Fernandez
slade
2008-11-14 14:20:36

The American system relies upon the fact that all but a tiny minority pay there taxes and report income honestly. – LOTM

To paraphrase Leona Helmsley “Only the little people pay taxes.”

Capital is protected – by some very high-powered people being paid good money to keep investments solvent.

anton – the black market in drugs, etc (weapons, sex) is estimated as high as 20% of world GDP. That is pause for thought.