A Swiss Bank has helped many Americans hide billions from
the IRS. It may sound naive to connect paying taxes with patriotism, but the
Americans who used Credit Suisse further exacerbated the distance between the
one percent and poor Americans. After all, if you don't pay taxes you get to
keep it all.
Right now, as I'm writing this, the Senate Permanent
Subcommittee on Investigations is
sharing a report that details the tricks and subterfuges the bank used to
conceal the money Americans have, so they won't have to pay American taxes.
After this unbelievable litany of tricks, I don't understand
how Credit Suisse is allowed to have a bank charter in the United States. Any
country in this position should pull that charter immediately. If anyone thinks
we need the Swiss more than they need us should have his head examined.
Some of the details defy comprehension. Americans were able
to open accounts under the names of shell companies. Credit Suisse sent bankers
surreptitiously from Switzerland to recruit rich Americans, so as to not leave
a paper trail in the American division of Credit Suisse. They established banking
offices at Swiss Airports so people could drop their money and then head to ski
resorts.
Credit Suisse refuses to give the names of the Americans who
have these accounts. They say Swiss law prohibits it. I say pull the bank's
charter and let the bank disappear from American life. We have enough rich
people not paying the taxes they deserve to pay because of loopholes in our tax
laws. We don't need to have another bank helping America become a nation of
have and have nots.
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