The Shadow Banking System: A Third Of All The Wealth In The World Is Held In Offshore Banks

You and I live in a totally different world than the ultra-rich and the international banking elite do.  Many of them live in a world where they simply do not pay income taxes.  Today, it is estimated that a
third of all the wealth in the world is held in offshore banks.  So why
is so much of the wealth of the globe located in places such as Monaco,
the Cayman Islands, Bermuda, the Bahamas, and the Isle of Man?  It
isn't because those are fun places to visit.  It is to avoid taxes. 
The super wealthy and the international banking elite think that it is
really funny that our paychecks are constantly being drained by federal
taxes, state taxes and Social Security taxes while they literally pay
nothing at all.  These incredibly rich elitists make a ton of money
doing business in wealthy western nations and then they transfer
virtually all of their profits offshore where they don't have to
contribute any of it in taxes.  It works out really great for them, but
it sucks for the rest of us.

Read article here: http://www.blacklistednews.com/index.php?news_id=12111

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