Tag: taxes

White flight as Rich White Folk flee California

The trend in recent decades has changed exactly the opposite, states the Los Angeles Times. Wealthy people, graduates of prestigious universities and sought-after professionals are leaving the Sunshine State due to high taxes, the cost of living and an overly expensive real estate market. About 750,000 more people left California […]

Sitting on a mountain of debt after Taxpayers were scammed by Venture Capitalists

The once publicly owned largest water supplier in England is facing bankruptcy. Thames Water, the largest water supplier in England, is on the verge of bankruptcy. And all because the management of a private company spent money only on paying dividends to shareholders and paying off the subsequently accumulated debts, the total amount of which now totals £ 14 billion. The chairman of the board of the company has already quit (with a golden handshake), and clients and ordinary taxpayers will have to pay for her ‘mistakes’, says German TV channel Das Erste.
The British company Thames Water provides water to 15 million people in London and other regions in the southeast of England. It was privatized back in 1989, but at that time there were no debts for it. Since then, the company has accumulated a huge amount of debt. 

Food aid recipients are migrants, 90% of these come from Africa

Mass immigration was supposed to bring economic benefits, but the reality is far different on the ground in countries like France. New data shows that migrants account for well over half of French food aid recipients, bolstering critics that assert that migrants, on the whole, are far from being the propagandists’ net benefit to Western economies but end up being an enormous financial burden.