Wednesday, March 30, 2011

Is economic treason by Bank of America, Citibank, and hundreds of other corporations the inevitable American Way to Meltdown?

As most readers know, I have been quite concerned that players in the banking and financial sector are not forced to pay–nor do they obey laws and act decently. Now the charge by U.S. Uncut (below) is being made that many of these criminal firms need to be labled as traitors. What is your opinion, America?–KAS

Bank of America (Primary Target)
Bank of America is Bad for America. Despite ruining the economy with their reckless greed, Bank of America consistently avoids any form of accountability to the American taxpayer. Bank of America pockets billions in profits and bailouts, but then pays $0 in American taxes and even gets tax refunds.

Cheating out on taxes has real costs. If Bank of America paid their fair share of taxes, we could ‘uncut’ $1.7 billion in early childhood education (Head Start & Title I).

Bank of America is the #1 largest bank and the 5th largest corporation in our country, holding over $2.2 trillion in assets, and yet it pays less in taxes than the average American household. In fact, the federal government gave Bank of America $2.3 billion in 2009 while it made $4.4 billion in profits.

More on BofA in recent report: ‘The Big Bank Tax Drain’
We pay our taxes, why don’t they?
Citizens across the country are targeting Bank of America branches and peaceably but firmly demonstrating that they can’t get away with such egregious tax-cheating.

Here is a fact sheet with sources provided by US Uncut DC.
Here are some talking points (doc).
Here is a downloadable press release (doc) you can hand to the media.

Some signage for BofA actions

Some chants for BofA actions
■Bank of America, Bad for America!
■Hey, hey, B of A, how many taxes did you pay? ZERO!
■I pay, you pay, why doesn’t B of A?!
■Hey, hey, B of A, how many taxes off-shored today?!
■Move your money, switch your bank!
■B of A don’t want to pay, what they owe the USA.
■come up with some more? add them here
(Bank of America will continue to be US Uncut’s main focus for nonviolent, creative demonstrations to maximize the public’s awareness about how this tax dodger has imperiled an entire nation with its greed. If you have a story you’re willing to share about how Bank of America’s reckless banking schemes have affected you and your family, please send them to

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