This is what happens when one small group of people make enough money to buy a team of Lobbyists, and can afford to write legislation that gives them a lower tax rate, or exempts them from paying taxes altogether. They dont obey laws and regulations, fines are just part of doing business. At this level, Crime Pays. Its cheaper to pay the fines when they get caught, than it is to obey the laws. Apparently they are exempt from being prosecuted when they control our government with bribes, or achieve their goals through extortion. Hedge Fund Managers produce nothing that adds to GDP. Every day they go to work, and the Economy is worse. Hedge Fund Managers / Investment Bankers, can legally create their own money and force the taxpayer to bail them out when their investments take a dive. With Hedge Funds they can make buy a company that is in profit, run the company into a ditch, and make more money when it fails, as they make bets to pay off when the company fails. Thats some system, ask Mitt Romney.
Posted on: Fri, 02 Jan 2015 00:35:01 +0000
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