5 Facts That Privileged Americans Don’t Want Us to Know

November 30th, 2018

By Paul Buchheit

Guest writer for Wake Up World

It’s strange that most media outlets rarely if ever report on these realities… until you remember who owns most media outlets.

Many of us are ill-informed about certain critical economic and social issues. The following facts should have been reported by the mainstream media, but unfortunately most of that media is controlled by the very people who have reason to hide the facts.

Tax Haven Cheating is Much Costlier than the Annual Safety Net — But the IRS Keeps Getting CUT

Offshore hoarding of private American wealth is estimated to be $3.3 trillion (4% of U.S. $82 trillionfinancial wealth).

The safety net costs about $400 billion per year, or, including Medicaid, about $900 billion per year.

Taking on the tax cheaters seems like an obvious response, instead of cutting the safety net. But the IRS budget itself has been steadily cut. Amazingly, and perversely, the Internal Revenue Service, which could be recovering much of our hidden money, has seen its staff and budget slashed 14 to 18 percent since the recession.

CONTINUE READING:

Recommended reading by Paul Buchheit:

• The Evidence Pours In: Poverty Getting Much Worse in America
• $30 Trillion New Wealth Went to the Richest White Americans Since 2008 Recession
• Big Pharma, Big Oil and Big Banks – The Definition of Terrorism
• 5 Signs of a Dying Society
• The Capitalist Manifesto and the True Meaning of Socialism
• Capitalism at Its Worst: 5 Deadly Sins of Big Pharma
• Facts That Our War-Happy Leaders Would Like to Keep Hushed Up
• How Wealth Inequality Kills
• Now Just FIVE Men Own Almost as Much Wealth as Half the World’s Population
• The Real Terrorists: The 0.01%

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