Normally, the ‘Nation of Three’ happens in and around our home. Even the most insular of families can’t live in a vacuum though. Social justice happens to be a pretty big thing in our house. As does looking at the big picture. It’s hard not to get angry about things like this when our governments are slashing social programs, and leading the public to believe that the ‘culture of entitlement’ from the neediest section of our society is to blame for our budgetary shortfalls. Our banks and leaders have made handy scapegoats out of our poor, sick, elderly and disadvantaged. People who can’t even defend themselves, taking the blame for a failing economy. It makes me angrier still when otherwise decent people repeat this rhetoric without even considering that they’re pointing the finger at the wrong people. Headline news has given me a handy follow-up to yesterday’s piece on ‘Poor Hate’. THIS is where we need to look, folks. Not to ‘austerity’ – cutting more and more from people who already have so little. Not pointing our fingers at welfare cheats, immigrants or the working poor. I’ve been saying it for years THE CHEATS AT THE TOP ARE COSTING US FAR MORE THAN THE ONES AT THE BOTTOM.
Recently, the ICU received a hard drive in the mail that exposed the financial records of over 80,000 Global Residents who hide their money in offshore banks. Hundreds of Canadians. The databank was so large it crashed all of their computers.
Last night, as part of a collaborative effort, the CBC revealed the names of the Prominent Canadians who hide their money offshore. They estimate the Government could recoup Billions of tax dollars and pay off the deficit.^^
“The International Consortium of Investigative Journalists today launches the next part of a multi-year project aimed at stripping away the biggest mystery associated with tax havens: the owners of anonymous companies.
Drawing from a trove of 2.5 million secret files, ICIJ led what may be the largest cross border journalism collaboration in history.
ICIJ’s investigation opens the secrets of more than 120,000 offshore companies and trusts and nearly 130,000 individuals and agents, exposing hidden dealings of politicians, con artists, and the mega-rich in more than 170 countries.”
‘The files illustrate how offshore financial secrecy has spread aggressively around the globe, allowing the wealthy to avoid taxes, fueling corruption and economic woes in rich and poor nations. The current banking crisis in Cyprus is one example of how the offshore system can impact an entire country’s financial stability. ‘
From CBC this morning:
‘Worldwide, the Tax Justice Network estimates that between $21 trillion and $32 trillion of private wealth is held offshore, out of reach of national treasuries (a more conservative estimate by the Boston Consulting Group puts the figure at $8 trillion). The international organization says that translates to up to $280 billion a year in lost taxes — twice what the world’s richest countries spend combined on foreign aid.
Canada’s share of that, assuming it’s the same as the country’s proportion of global GDP, would be about $7 billion, or a quarter of the federal government’s projected 2012 budget deficit.’
Now stop kicking your little guys and lay the blame where it belongs.