The Rich People Morality

As the "Estate Tax" is debated, one gets to wondering how much rich people money is even banked here in the US. I know this is old, but Bill Moyers had this to say in 2001:
We have also been reminded that despite years of scandals and political corruption, despite the stream of stories of personal greed and pirates in Gucci's scamming the treasury, despite the retreat from the public sphere and the turn toward private privilege, despite squalor for the poor and gated communities for the rich, we have been reminded that the great mass of Americans have not yet given up on the idea of 'We, the People.' And they have refused to accept the notion, promoted so diligently by our friends at the Heritage Foundation and by Grover Norquist and his right-wing ilk, that government-the public service- should be shrunk to a size where they can drown it in the bathtub (that's what Norquist said is their goal.) These right-wingers at Heritage and elsewhere, by the way, earlier this year teamed up with the deep-pocket bankers who finance them, to stop the United States from cracking down on terrorist money havens. As TIME Magazine reports, thirty industrial nations were ready to tighten the screws on offshore financial centers whose banks have the potential to hide and often help launder billions of dollars for drug cartels, global crime syndicates-and groups like Osama bin Laden's Al-Quaeda organization. Not all off-shore money is linked to crime or terrorism; much of it comes from wealthy people who are hiding money to avoid taxation. And right-wingers believe in nothing if not in avoiding taxation. So they and the bankers' lobbyists went to work to stop the American government from participating in the crackdown on dirty money, arguing that closing down tax havens in effect leads to higher taxes on the poor people trying to hide their money. I am not kidding; it's all on the record. The president of the Heritage Foundation spent an hour, according to the New York Times, with Treasury Secretary O'Neill, and Texas bankers pulled their strings at the White House, and presto, the Bush administration folded and pulled out of the international campaign against tax havens.

How about that for patriotism? Better terrorists get their dirty money than tax cheaters be prevented from hiding their money. And that from people who wrap themselves in the flag and sing the Star Spangled Banner with gusto. These true believers in the god of the market would leave us to the ruthless cruelty of unfettered monopolistic capital where even the law of the jungle breaks down.
This Isn't the Speech I Expected to Give Today...
Keynote Address by Bill Moyers
Environmental Grantmakers Association, Brainerd, MN
October 16, 2001