Monday, December 20, 2010

Fair Tax.

No Income, payroll, estate, gift or poverty tax.

Simple. Transparent. Fair.

Shifts Power from Tax Lobbyists back to the People.There are nine reasons for the high unemployment (listed below), almost all of them related to fraud on the part of the banksters and the corrupt politicians:

1. The astonishing amount of mortgage fraud (literally, millions of cases annually) and how it hyperinflated the bubble and led to the Great Recession

2. The fact that these mortgage frauds were overwhelmingly due to deliberate fraudulent lending practices.

3. The disgraceful lack of prosecutions by the Obama Administration.

4. The "echo" epidemics of fraud set off by the primary epidemic of accounting “control fraud". The fraud designed by CEOs in turn kicked off an epidemic of fraud among loan brokers and appraisers.

5. The massive foreclosure fraud we are seeing now as another "echo" epidemic. To optimize their accounting control fraud, lenders gutted underwriting.

6. The ongoing massive cover up of losses on bad assets, especially by the large banks.

7. The continued absence of effective regulation. It should be scandalous that Obama left in charge, or even promoted, the anti-regulators who permitted the Great Recession. (The administration doesn't even seem to realize the issue of integrity.)

8. The crises of state and local government and the lack of a job stimulus bill. Instead all the money that could have gone to job stimulus went to the banksters.

9. The insanity of accepting mass, long-term unemployment rather than having the government provide productive jobs for everyone willing to work (as the employer of last resort).

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