Taxes
Amazon CEO and founder Jeff Bezos is now the world’s wealthiest man, and the liberal media love denouncing him for it.
They’ve also started telling him what to do with his money and power now that he’s begun giving some of it away. Bezos is estimated to be worth $162 billion, and he and his wife announced on Sept. 13, they would give $2 billion to address homelessness and preschool education.
Democratic socialist Sen. Bernie Sanders has at least one media champion for his Stop BEZOS Act. The bill, which is obviously targeting CEO Jeff Bezos of Amazon, would levy a 100 percent tax on companies in the amount their employees receive in federal benefits.
With the continuing hysteria about Donald Trump's presidency, a few questions come to mind. The first: Can a bad man become a good president? The second: Does one's being a good man guarantee he'll be a good president? Third: Does having a good president require a good man? Is there any evidence of Lord Acton's argument that “great men are almost always bad men?”
On Monday night, radical left-wing activist and 9/11 Truther, Rosie O’Donnell, joined host Chris Cuomo for an interview on CNN. The eight-minute Rosie rant covered a broad array of topics such as President Trump, the Trump presidency, and also the Trump Administration.
Journalists at MSNBC and the New York Times are very unhappy about the possibility of “more tax cuts for the rich.” MSNBC Live host Ali Velshi and writer Alan Rappeport on Tuesday lamented the possibility that capital gains taxes might soon be indexed for inflation, meaning someone who invested a million dollars in 1990 would soon pay about around $255,000 on the profit of a sale, instead of about $476,000.
An obviously agenda-driven report on extreme poverty from the Office of the United Nations High Commissioner for Human Rights accuses the U.S. under the Trump administration of, in the UN group's words, "becoming a champion of inequality." It also claims that, because of its policies, "the American dream is rapidly becoming the American illusion." As one might expect, many the press have eagerly relayed the UN group's Trump-blaming findings, even though the statistics undergirding the UN group's efforts predate Donald Trump's inauguration.
Seattle's $275-per-employee "Head Tax" (EHT), which was to be levied against every business with over $20 million in revenue, was repealed on Tuesday by a 7-2 City Council vote. City leaders' abrupt repeal occurred when it became obvious that a referendum effort would gather far more than enough signatures to qualify for the November ballot. In a 1 p.m. ET Associated Press dispatch published before the vote, Amazon-obsessed reporter Phuong Le was extraordinarily bitter and hostile.
Snopes.com's so-called "fact checks" are so often inane — NewsBusters has caught it "fact-checking" an obviously satirical post — that it's tempting to dismiss it as irrelevant. That would be a mistake. It's therefore important to call sites like Snopes out when they play their deceptive "fact check" games. That's what the site's Bethania Palma definitely did in discussing a claim about California's recently-passed water-use legislation.
On NBC News’ Sunday Today, anchor Willie Geist and Meet the Press moderator Chuck Todd closed out their political coverage by chiding President Trump. They sided with Canadian Prime Minister Justin Trudeau who claimed common sense was no longer about of the current U.S. administration. The pair also suggested that the North Korean summit in Singapore wouldn’t be anything more than just another photo-op.
In his coverage of Friday morning's stellar jobs report, the Associated Press's Chris Rugaber came up with a couple of doozies aimed at curbing readers' enthusiasm. The AP economics writer half-expected that employers would rein in their hiring over confrontational rhetoric President Donald Trump and other foreign leaders have recently engaged in over trade and tariffs. He also implausibly framed the record-low black unemployment rate of 5.9 percent merely as evidence that employers are just now finally "taking chances" with potential workers "they had previously ignored."
Several recent polls, plus the popularity of Sen. Bernie Sanders, demonstrate that young people prefer socialism to free market capitalism. That, I believe, is a result of their ignorance and indoctrination during their school years, from kindergarten through college. For the most part, neither they nor many of their teachers and professors know what free market capitalism is.
In its April 2018 Monthly Treasury Statement, the federal government reported that it ran an all-time single-month record $214 billion surplus, primarily because it took in a record $510 billion in receipts. The Associated Press's Josh Boak ignored the collections record, even though the AP noted the previous record when it occurred in 2015. Instead, Boak presented a different and far smaller out-of-context collections figure, and falsely claimed that the Republican Congress's tax cuts are responsible for the increase in fiscal 2018's seven-month budget deficit compared to last year. This negligence irresponsibly enables leftist pundits to continue to scream that the tax cuts aren't working, despite growing evidence that they really are.