Good Paying Middle Class Jobs Move To China

Between 2001 and 2013, 3.2 million U.S. jobs were eliminated; 2.4 million were in manufacturing. The computer and electronic parts industry make up 39.6% of job loss. (A total of $324.2 billion in lost U.S. income in 2013 alone.)

Corporate Welfare Recipient #5: JPMorgan Chase

JPMorgan profit for 2013 was $17.23 billion. Amount JPMorgan paid for U.S. corporate income tax, a refund of $1.3 billion.

Corporate Welfare Recipient #4: Verizon

Verizon profit 2013 was $28.83 billion. Amount Verizon paid for U.S. corporate income tax, a refund of $197 million.

Corporate Welfare Recipient #6: General Motors

GM profit for 2013 was $4.88 billion. Amount GM paid  for U.S. corporate income tax, a refund of $34 million.

Tax Haven

A US Government Accountability Office study found that over 18,000 companies are registered at a single address in the Cayman Islands, a country with no corporate or capital gains taxes.

Banking System Functions like a Mafia Cartel System

The major banks of the world have been caught ripping off billions of dollars from schools, hospitals, libraries, and nursing homes from virtually every state, district and territory in the United States.

How the US Postal Service is Being Phased Out

The Postal Accountability and Enhancement Act, passed into law in 2006, gives the Postal Service 10 years to pre-fund yet to be born employees (of the year 2091) retiree health care benefits. This mandate is responsible for $4 out of every $5 in Postal Service debts.

The Black Hole in the World Economy

By the end of 2010, the global super-rich elite held at least $21 TRILLION of taxable income hidden in secret tax havens, according to a major study. The figure is equivalent to the size of the US and Japanese economies combined.

Underwhelming Economic Growth

In 2010, the top 1% of earners took in a full 93% of all the income gains, leaving the other 7% of gains to be sprinkled among the vast majority of society.

Revenue Lost

Every year, corporations and wealthy individuals avoid paying an estimated $100 billion in taxes by shifting income to low or no tax offshore tax havens. Of that $100 billion, $60 billion in taxes are avoided specifically by corporations.