Instapopulist

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Welcome to the Instapopulist! This is a new forum for all registered EPers to report breaking news, ramble an economic rant, ask a question or write a full bore article. To become an Instapopulist, go to your navigation menu and click on create content. Then write away. To help in formatting, click on the rich-text editor to bring up the tools. There is additional information in the user guide. Any questions or problems, just leave a comment and happy writing all Economic Populists!

John Paulson (hedge fund bankster) looking to avoid taxes by moving to Puerto Rico

Look how the "elite" banksters act when it comes to sharing sacrifice in any way. John Paulson, hedge fund manager, might be moving to Puerto Rico from NYC to avoid taxes. Apparently taxes from other people are good enough to provide military and law enforcement to protect people like Paulson, good enough to provide highways, and schools, and hospitals for Paulson. Good enough to provide electricity so that he can lose money on bad trades via his computers, but still not deserving of Paulson's money.

TBTF Banks Get $83 Billion a Year Taxpayer Subsidy

Bloomberg delved deep and determined U.S. taxpayers are subsidizing the big banks to the tune of $83 billion a year.

What if we told you that, by our calculations, the largest U.S. banks aren’t really profitable at all? What if the billions of dollars they allegedly earn for their shareholders were almost entirely a gift from U.S. taxpayers?

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