As anyone who reads this blog knows, I am not a fan of taxing the rich more to pay our bills. The wealthy in this country pay most of the bills and suffer the biggest burden for the spending of our government while 47% of wage earners pay no federal income taxes and many of those get back money they never paid in (redistribution of wealth). Progressives are big on having the rich pay the bills and they work hard every day to raise taxes on the wealthy but only on the wealthy who are not politicians. The political class thinks the taxpayer should foot the bills for them as well.
Case in point, Bill and Hillary Clinton. Hillary Clinton ran for the presidency in 2008 and she lost to Barack Obama. Clinton amassed a lot of debt during that time and has yet to pay all of it off. She still owes just over three-quarters of a million dollars. The Clintons have over 100 million dollars and Bill earns at least $250,000 each time he gives a speech but they have decided that they should not write the check for her debt even though it would not dent their personal fortune. Hillary’s campaign still has over 600 thousand dollars in the bank so she could settle a large part of this debt with money that was already donated (and pay the rest out of her personal fortune) but the Clintons do not want to do it that way.
By 2007, seven years after leaving the White House, the Clintons had earned a combined $109 million (£73 million) through speaking engagements and bestselling memoirs. Even so, apparently they would prefer American voters to settle Mrs Clinton’s remaining $771,000 debt rather than paying it themselves. Times Online UK
Instead, they want voters to pay off the debt for them. Bill Clinton is offering a day with him in New York to a person selected from those who donate to settle Hillary’s debt. People are urged to donate as little as $5 to get a chance to be picked to spend the day with Bill. This is reportedly the second time such an offer has been made (I guess he is not as hot a commodity as he thought) as Bill works to get others to pay his debt.
This is typical of progressives. They love to spend money but they do not like to pay the bills with their own money. They would rather get money from others to pay their bills.
When Bill was president and, later, Hillary a Senator, they loved taxes and making the rich pay. Bill Clinton said he did not feel he was taxed enough (though he has not sent more money to the government, which he could do) and he and his wife love the idea of taxing the rich to pay the bills. They just don’t want rich people to have to pay the bills if they are the rich people in question.
I have a suggestion for the Clintons that would erase their campaign debt.
Take the money the campaign has in the bank and add it to enough of your personal wealth to pay the bill. Then write a check to pay it off.
You get the responsibility of paying your own bills, your creditors get their money, and the people do not foot the bill for what you spent.
Progressives love to spend other people’s money.
Never surrender, never submit.
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