Taxes
How do millionaire entrepreneurs feel about the government taking more of their money?
Yahoo Finance editor-in-chief Andy Serwer found out when he invited one of them on his Influencers show April 12. He asked entrepreneur Gary Vaynerchuck (also called Gary Vee) about “politicians like Alexandria Ocasio-Cortez who says [sic] we should have more government involvement in terms of people making higher wages.” For him, the matter had less to do with how much of his hard-earned money is given away, and more to do with how it would be spent.
The New York Times pompously (and hypocritically) declared its concern for “privacy” with a special edition of the Sunday Review wholly devoted to the theme: “The Privacy Project.” But when it comes to the full concept of privacy, the left-hand doesn’t know what the far-left hand is doing. Times former reporter Binyamin Appelbaum made it into print on tax day Monday with “Everyone’s Income Taxes Should Be Public.” Appelbaum is making the opposite argument: Let the general public know how much you make, how you make it, even what charities you donate to, in the name of reducing income inequality.
There are actually three certainties of life: death, taxes and that the liberal media will condemn tax cuts.
The New York Times published side-by-side stories on tax day about the impact of the 2017 tax reform bill. The first was about people “shocked” by lower refunds or owing taxes this April. The second proved that although most people got a tax cut (estimates varied from 64.8% to 80% of filers), many remain “skeptical” that they did.
Liberals demanding higher taxes on the rich is just another day in Washington, D.C., but those progressive voices have more in common than their politics of envy. Some of them also have the financial backing of liberal billionaire George Soros.
After trying to reassure their liberal viewers earlier in the show that the Mueller report could still damage the President, Friday’s Morning Joe panel eventually moved on to the latest Democratic strategy to take down Trump – his tax returns. After co-host Joe Scarborough expressed his hope that the documents would prove Russian collusion, pundit Donny Deutsch predicted a “silver bullet.”
For two days running on Morning Joe, Joe Scarborough tries to tie President Trump to convicted sex offender Jeffrey Epstein. Scarborough also labels Trump a "millionaire" rather than a billionaire, suggesting that Trump is worth $30-40 million and perhaps as little as $10 million.
As if searching for a way to criticize the late 2017 tax cuts, the broadcasts networks aired a series of panicked reports about tax returns in February. Roughly 80 percent of Americans taxes were cut by the legislation, yet the broadcasts complaints fostered a misleading implication that taxes were not cut.
Some Americans have much higher income and wealth than others. Former President Barack Obama explained, “I do think at a certain point you've made enough money.” An adviser to Rep. Alexandria Ocasio-Cortez who has a Twitter account called “Every Billionaire Is A Policy Failure” tweeted, “My goal for this year is to get a moderator to ask ‘Is it morally appropriate for anyone to be a billionaire?’” Democratic presidential hopeful Sen. Elizabeth Warren, in calling for a wealth tax, complained, “The rich and powerful are taking so much for themselves and leaving so little for everyone else.”
What do Bill Gates, Sen. Elizabeth Warren and Sen. Bernie Sanders have in common? They all want the rich to pay higher taxes. Bloomberg News appears to be on board with their goal.
“Gates is saying what the Democratic candidates appear to be thinking: Go for the capital gains rate,” claimed Bloomberg reporter Lynnley Browning on March 12. The story downplayed the dramatic tax proposals of both presidential candidates and turned to liberal tax experts promoting tax hikes. It also failed to include any conservative economists arguing against tax hikes.
Appearing as a guest on Thursday's CNN Tonight to preview the network's upcoming special on the Bush political family, CNN historian Tim Naftali was true to form as a CNN analyst as he praised President George H.W. Bush for, among other things, raising taxes, stating that he "owed it to all Americans," as he also complained that Bush ran a "dreadful" campaign in 1988, obviously referring to the Willie Horton issue.
PALM BEACH, FL — While most attention has been focused on immigrants trying to enter the United States over America's southern border, there is legal migration taking place that has been largely ignored, though it may have at least as much economic and political impact as the other. People are moving out of high-tax states to Florida and other states with lower tax burdens.
On Sunday, two MSNBC hosts fretted over U.N. ambassador nominee Kelly Knight Craft's views on global warming as host Alex Witt invited Virginia Democratic Congressman Don Beyer to bash her on the subject, and, later in the day, Kasie D.C. host Kasie Hunt also gave attention to and seemed befuddled by her views.