Fat brothers come back home
Fiscal Shield: the great mess-up
(2:51)
(2:51)
The fat brothers are coming back to Italy with the most shameful clanging of the bells and festivities from the media in the last 150 years. They are coming back thanks to the fiscal shield of the PDL-PDminusL mess-up. The fat brothers have got fat abroad by enjoying the services of the State in Italy without paying for them. They are total tax dodgers, civic delinquents. The Italians who have paid taxes for them as well in these years, the manual workers, office workers, public employees, entrepreneurs, are instead the lean brothers. Between the lean brothers and the fat ones there’s a big difference. The lean brothers are honest, the fat ones dishonest. The State is welcoming the fat brother like a prodigal son, with a fanfare from the newspapers and the TV as though a virtuous hero were coming back from the front. If Mangano was a hero, anyone who has kept their own earnings out of sight of the tax authorities deserves a gold medal.
The money of the fat brothers is of unknown origin. It could come from drugs, from trafficking in arms or organs, from corruption. It’s contaminated money. Its filthy owners are also anonymous and they will stay that way thanks to the Fiscal Shield. This riff-raff with an offering of 5% will once more be virgins and they will be able to invest their money without fear of anyone checking up. It’s not the money of manual workers and neither is it of entrepreneurs with a civic feeling, Italians who have paid 50/60% in taxes, often in advance, often on presumed income. And it’s thanks to the taxes of the lean brothers that the country has not yet gone bankrupt.
Now, the people of the honest ones, as opposed to the “people of love” who want to sanctify a State thief like “Bottino Craxi”, has become the “people of the daft”. The people that have paid taxes even for the others. Taxed and done in.
Tremorti is pocketing the alms-giving from the tax dodgers as the Italian banks are pocketing their wealth, at least for now. Money has no passport. Folk like Profumo and Passera who tour round talking about an ethical bank are not raising an eyebrow at the entrance of mafia capital in their institutions. Just one bank has refused the money of the fat brothers and it’s the “Banca Etica”. Il Corriere, owned by the banks and by the enterprises, and led by “Ectoplasma De Bortoli” today has the headline: "Scudo, il grande rientro: 95 miliardi dai paradisi" {Fiscal Shield, the great re-entry: 95 billion from the tax havens}. Italy is the new tax haven, the world’s washing machine, the money-laundering country.
The entrepreneurs that have paid all the taxes will be subject to unfair and ruthless competition from those who have never paid taxes and who can invest new capital. The employees without capital will continue to pay for loans at extortionate rates, if they can get them. How many Deputies, Senators, Ministers, and Undersecretaries have used the Fiscal Shield? If the State does not respond to this question it can consider itself done for. The lean brothers have had enough.
Posted by Beppe Grillo at 08:32 PM in Economics
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I can understand that Governments want to do something to persuade those with offshore bank accounts to repatriate their money. Many other countries are offering "deals." But these are usually a carrot followed by a big stick. However I agree with Beppo that Italy's "deals" are just totally immoral and an affront to the majority of the Italian working people who have to suffer the burden of paying ever higher taxes. It suggests that the future is for everyone to cheat and hide as much money as they can from the taxman until the next "scudo fiscal."
Posted by: peter fieldman | January 2, 2010 05:38 PM
In the United States a movement is afoot encoura
ging depositors to take their savings out of the
big banks and deposit them in small banks. Why?
JP Morgan/Chase, Citybank Bank of America and Wells Fargo - big banks sucked up billions and billions of
people's hard-earned money and used them for
the same financial activities which gave us today's
recession. Bankers profited big, big time and wasted no time in paying themselves millions and million of dollars in bonuses
while Americans were losing their homes, their
jobs and had to sleep in tents out in the fields. Another piece of bad news is the fact that the small banks - which got not a penny from the government- are going underwater. Why? Because they can't compete with the subsidized big banks in the financial markets. Should the small banks be drowned by the big four on Wall Street, the American banking system will, for all intents and purposes, become a monopolized system controlled by the big four greedy sisters: Bank of America, JP Morgan, Citibank and Wells Fargo. If that's not enough, millions of taxpayers' money are spent by the parassitic banks in lobbying against financial reforms. In other words, part of the money sucked up by Wall Street banks is being used politically to leave things as they were, or are. But if all depositors take their money to the small banks the greedy four cannot rip off Americans as they are doing now. But, more important, the banking system will be decentralized and become more responsive to the needs of society instead of catering to the fat pigs on Wall Street.
Check out the eyeopener video on
www.moveyourmoney.info on the Huffington Post.
Happy New Year!
Posted by: louis pacella | January 1, 2010 01:08 AM