Liberals love to talk about disparity and wealth redistribution. People like Barack Obama like to say that at one point he feels you have made enough so you should pay more in taxes as if he is the arbiter of what is enough. He is not alone in the liberal world. Bill and Hillary Clinton love to discuss how terrible America is with regard to taxes and how the evil rich people should just pay more.
The interesting thing about all this is that these liberals do not put their money where their mouth is. John Kerry selected the box on the MA state tax form to pay at the lower rate and docked his yacht in another state to avoid taxes.
Barack Obama diverts some of his money to his children to avoid taxes on it.
Bill and Hillary Clinton, the liberal dream team, use every part of the law possible to avoid taxes.
Take the inheritance tax. That is the one where the government taxes your estate at about 40%. This means that after you pay taxes all your life the money that you already paid taxes on is taxed again at 40% when you die.
The government snaps 40% off the top before your heirs get what you left them. There are some limits so that only the higher estates are taxed but this is the group that liberals have been after all along and it is the group that many of them are in.
The Clintons are well into the 1% with their millions of dollars and their income is in the range they target when they espouse their redistribution schemes.
But, and this is a big but, when it comes to their own wealth the Clintons have set up trusts in order to avoid paying taxes. This is not to suggest they are doing anything illegal. The tax code allows it (and ALL politicians ensure the tax code helps their own wallets) and I have no problem with that.
What I have a problem with is that the people who are always demanding that the rich pay more are the very ones who work to avoid that same fate.
All wealthy politicians work to reduce their tax burden (as well as the wealthy in general) so Bush, Romney, Buffett, Obama, and Clinton all work the tax code to ensure their burden is as small as possible. Even Harry Reid who famously claimed that Mitt Romney did not pay taxes games the system.
The big difference for me is that Romney, Bush and other wealthy conservatives (or those at least more conservative than the liberals) work to lower the amount of taxes everyone pays so we can all enjoy the same breaks as they. Liberals, on the other hand, work tirelessly to increase taxes on the wealthy (and everyone else) in order to fuel their insatiable appetite for OPM (Other People’s Money).
If they are going to demand more be paid by the wealthy then they should pay the absolute highest amount possible and lead by example.
But they won’t because they are above the fray. They are special and we just don’t understand how it really is. You know, I even heard that Hillary and Bill left the White House dead broke. That little fact did not prevent them from purchasing a house that was more than a MILLION dollars or having one in DC that was about 5 MILLION.
No, they have no idea how life is for the real folks because these people have lived off the taxpayer for nearly their entire lives.
Now they take advantage of the tax system to avoid what they want to do to everyone else in their income brackets.
Can you say hypocrisy? How about elitist?
Never surrender, never submit.