Courtesy of Pam Martens.
By Pam Martens: May 14, 2013
For years now, journalists have been doing the heavy lifting in investigations of Charles and David Koch using their billionaire status to fund faux grassroots groups to push their far right agenda on the country — an agenda that effectively boils down to deregulation of corporations to the detriment of the working class, the environment and wealth equality in America. It’s about time the IRS investigated.
According to the 2013 Forbes List, Charles and David Koch are each worth $34 billion. Their wealth derives from Koch Industries, a private global conglomerate with a presence in over 60 countries. The company’s business interests include oil, refining, pipelines, paper products, chemicals, fertilizer and trading. Because the company is not publicly traded, despite the Koch brothers’ stated devotion to free markets, we have no idea what goes on in the sprawling Koch enterprises because they are not required to make public filings.
In April 2010, Koch Industries issued a statement denying involvement in the creation of the Tea Party movement: “…no funding has been provided by Koch companies, the Koch foundations, Charles Koch or David Koch specifically to support the Tea Parties.” Technically, they might be correct; the Kochs funded Americans for Prosperity (AFP) which then created the Tea Party groups.
In this video, David Koch appears before an annual convention of chapters of Americans for Prosperity, and states “…my brother Charles and I provided the funds to start the Americans for Prosperity.” Later in the video, members of the state chapters report to David Koch on how many Tea Party groups they have created. One man states: “…hey folks, we’ve held 29 Tea Parties”; another says his chapter has “organized dozens of Tea Parties.” Another woman reports her Americans for Prosperity group turned out 10,000 people at a Tea Party rally in California.
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