A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore – as much as the American and Japanese GDPs put together – according to research commissioned by the campaign group Tax Justice Network.We are forced into debt because they don't pay us enough to maintain a decent lifestyle. We work mostly to pay off our debts to them, and they don't pay taxes on what they earn off our work and the interest payments they receive from us! If you are a member of the global elite of the One Percent--what's not to love about capitalism?
By the way, for every debt or debtor in the world, there is a credit or creditor(s)--someone who "owns" that debt. To put it into feudalistic words, for every debt peon--that's us--in the world, there are lords and masters--the elite One Percent.
Also, related Guardian coverage of this issue is here, hear, and here.