Top Clinton Adviser Says Wealthy Should Pay More in Taxes
17th November 2015
Of course, I’ve often written about this scam here. What the Crust mean by ‘wealthy should pay more in taxes’ is that ordinary income tax rates ought to be raised; of course, they don’t get their wealth through ordinary income, so it won’t touch them.
And even if it did, their focus is on income taxes rather than wealth taxes; nobody dares mention the latter, because the wrong ox would get gored. (Pun intended.) If you’ve already got a hundred million dollars, it’s no skin off your wallet if the government taxes income at 75% — you’ve got enough to live in comfort for the next five generations. All it means is that there are less grubby entrepreneurs and farmers and contractors getting in your way when you want to book a table at the French Laundry or buy a condo on Central Park West.
In the case of the Clintons, their actual power comes through the financial leverage of their foundation(s), and so even if they didn’t have two dimes to rub together they’d still be getting their butts licked by people who want ‘funding’ via the sacred foundation grant. (‘Funding’ is a fine Crustian term for ‘money I get to spend that I don’t have to work for’, like a teenager’s allowance or food stamps.)