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Friday, May 25, 2012

Private School Scholarships: Money Laundering for the Masses

Private School Scholarships: Money Laundering for the Masses:


Private School Scholarships: Money Laundering for the Masses


Welcome to the United States of Scam-erica. Or Griftopia, as Matt Taibbi calls it in his book on the Wall Street meltdown. “There are really two Americas,” Taibbi writes. For the grifter class, government is “a tool for making  money,” while “in everybody-else land, the government is something to be avoided.”
Not anymore. Here is the lesson Americans gleaned from the financial meltdown on and bailout of Wall Street: If the feds won’t prosecute ‘em, join ‘em. Corruption has trickled down.
Now the government haters have their hands out, too. One Georgia Christian school, for example, instructs parents in how to use a state scholarship program to launder their taxable income and turn it into tax-free tuition money. Georgia’s private school