Carl Levin got a standing ovation here tonight.
Rightly so.
The speech is linked above.
This is a day about integrity. I think he has it.
I expect a pile of right-wing commetn for saying that. But here's a man who is willing to stand up against that and against abuse and say:
Taxes are the price we pay for civilization. Those who seek to avoid their tax obligations are not just free loaders, they are weakening that civilization. But if we take the right steps, together across the globe, we can finally end the scourge of offshore tax abuse.
Absolutely. I was one of those who stood.
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But Carl Levin NEVER talks of offshore fraud,particularly stock fraud using U.S.incorporated shares to do it – what I call ‘share money laundering’.And he makes unsubstantiated claims to U.S.SEC Chair Mary Schapiro about the supposed ‘dangers’ of ‘naked short selling’ – a term I have only heard from those aiding or involved in stock frauds and manuipulating and dumping shares of corrupt ‘companies’ they control usually from offshore accounts. Northern Rock shares of the UK for instance WERE NOT ‘NAKED SHORTED’ OR ‘COUNTERFEITED’ AS THE ONES RUNNING THE SCAMS DEFINE THE TERM.With penny stocks the scam was easier to scam investors with but they have grown so confident they lie about interest or dividend paying shares being ‘naked shorted’ or counterfeited.The fact
is if this were as Levin claims then investors in Fannie Mae and Freddie Mac would have phoney shares not paying dividends.Carl Levin is allowing investors to be defrauded and THAT prevents people such as myself from paying taxes !But offshore scamsters pocket our cash….
My “right wing comment” extends to just three words: Delaware. Pot. Kettle.
Senator Levin need look no further than the halls of Congress. Charlie Rangel, his fellow Democrat in the House, and the author of US Tax Law, is in the middle of his own tax evasion scandal possibly totally over $1 million.
Where did he hide his money? He didn’t. He kept a bank account and Trading account, each with over $250,000 in them, right here in the US. He just never reported that he had them. (And this coming from a Congress that imposes stiff penalties for failing to disclose a foreign bank account of over $10,000)