Occupy Wall Street: EXPOSED! RushCard Creator Russell Simmons Pushes Obama Admin. Tax Agenda

An Occupy Wall Street protester calls out Russell Simmons during his speech, asking Simmons about the credit card company he created, RushCard ( http://www.rushcard.com/ ). Simmons responded saying "I don't run shit," which of course is a lie. He then went on to promote the Obama Administration's "Buffett Tax Rule" Bill, saying "I'm ready to pay more taxes"; a common theme from high profile people speaking at Occupy Wall Street and the Democratic MSM talking heads covering it.

Now the Occupy Wall Street protesters are campaigning for the Obama administration to "Pass the Buffett Rule on Fair Taxation." This demand is posted on their own website. The campaigners are demanding that the US Congress pass a bill backed by the Obama administration, which is comprised of Wall Street operatives and is a creature of Wall Street.

The "Buffett Tax Rule" will do virtually nothing to make the 'filthy rich pay their share' -- it will only raise taxes for middle class Americans and middle class businesses.

As the Wall Street Journal reports, "Roughly 90% of the tax filers who would pay more under Mr. Obama's plan aren't millionaires, and 99.99% aren't billionaires." It is the middle class -- not Warren Buffett or Wall Street corporations -- who will be most hurt by the very policies the 'Occupy Wall Street' crowd are calling for.

Warren Buffett's Berkshire Hathaway still owes taxes from 10 years ago. Buffet is the ultimate Wall Street insider -- he is the third wealthiest person on the planet. Buffet avoids billions in taxes because most of his interests are based offshore. Indeed, most top corporations pay virtually no income tax, not because of any law that isn't in place, but because they have parked most of their wealth in offshore tax havens.

Buffett, aided by the Occupy Wall Street protesters who amplify his message, is volunteering the middle class, not himself, for a tax increase, that's why the Wall Street-owned Obama administration is fully on board with the idea.

"No differences exist between the Obama administration and billionaire investor Warren Buffett on the principles of a White House tax proposal that bears his name, Jay Carney, President Barack Obama's spokesman," told Bloomberg.

The Buffett tax plan is also being backed by multi-billionaire Microsoft honcho Bill Gates, who like Buffett advocates a proposal that would hit the middle class with tax hikes while his own company avoids paying billions in taxes through its offshore subsidiaries.

The protesters are also demanding the passage of the Tobin Tax, which is a tax on all financial transactions. Again, this will simply be passed on to consumers by large corporations, it will not touch Wall Street. The Tobin Tax will only hurt the poor and middle class and will do nothing to reign in the multinationals.

None of this is to say that the thousands of Occupy Wall Street protesters aren't genuine activists who are trying to be a force for positive change. The problem is that their self-appointed leaders are completely in league with the very Wall Street interests the protesters are supposedly there to oppose.

Related Link: Warren Buffett's Tax Dodge http://online.wsj.com/article/SB10001424053111903918104576504650932556900.html

http://occupywallstreet.org

http://occupywallst.org

http://occupytogether.org

Category:

News & Politics

Tags:

• LeakSource
• Occupy Wall Street
• #occupywallstreet
• OccupyTogether
• #occupytogether
• EXPOSED
• RushCard
• Russell Simmons
• Obama
• Tax
• Agenda

[greycloud24]

lol, your description claims that the buffet tax would effect middle income people. how many middle income people make over a million a year? care to repeat what the buffet tax plan is? if you don't make over a million dollars in a year than the buffet tax plan won't effect you. the tax plan is their to tax income at a higher rate if you make over a million dollars a year, or if the majority of your income is made on capital gains. this isn't middle class american stuff.

[LeakSourceArchive]

@greycloud24

online.wsj.com/article/SB10001­424053111903918104576504650932­556900.html

[greycloud24]

@LeakSourceArchive PAGE UNAVAILABLE

The document you requested either no longer exists or is not currently available.

You may use the "Back" button in your browser to return to the previous page, click Home to return to the WSJ.com home page, or access the Site Map.

To report this problem, contact Customer Service at

[LeakSourceArchive]

@greycloud24

Link in description box.

[StoogeWatcher]

Aren't some of Russell Simmons' relatives under investigation for not paying taxes?

[greycloud24]

@LeakSourceArchive the article is misleading as it states mr. buffet has already payed 35% in corporate taxes. but the fact is that he hasn't and most corporations don't. there are many different deductibles and a lot of corporations get away with paying 0% taxes after all deductions are accounted for. if a business purchases a vehicle, hires a consultant, loses money, purchases or leases a building, or has other expenses than these are all deducted from taxes paid. the business grows, no taxes.

[orchoose]

I love how those YT vids. with. caps EXPOSED in title are allways some short out of context semi proof of someone theory. So there cant be rich ppl who recognize good thnig?

[SHAOLINISLAND35]

thankyou! i said the same thing to him that night and diddnt get a response, so thankyou for getting this multi million dollar scum!