BeggarsCanBeChoosers.com
Wednesday, May 14, 2008
Today's Corporate Media Multi-Millionaires: Overpaid And Out-Of-Touch
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Over at Whiskey Fire, Molly Ivors does a brilliant job of taking New York Times' columnist Maureen Dowd to task for her "sheer coastal snobbery."
Of course, Dowd isn't alone these days, among the pampered corporate media mouthpieces. I think it's safe to say that all of the multi-millionaire Manhattan media types are truly out of touch these days.
Recall how ABC's Charlie Gibson recently claimed that families making $200,000 a year are "middle-class."
Also, remember Stephen Colbert's brilliant, right-on-target performance at the 2006 White House Correspondents' Association Dinner? Incredibly, The New York Times didn't even MENTION Colbert's performance in its coverage of the dinner.
Indeed, it wasn't until the YouTube video of Colbert's performance became an Internet sensation that the MSM bothered to notice.
I get the feeling that the pampered French royalty were just as out of touch with the common people, just before the French Revolution kicked off.
From Whiskey Fire:
Of all Maureen's poses, the ones where she attempts to capture The Spirit of the Heartland© are perhaps the most annoying. Face it, Maureen: you're a Feng Shui-living Manhattanite with 100 pairs of shoes and the best dye job your inexplicably large paycheck can buy, which is to say: still a dye job. You have no secret window into the souls of West Virginians to determine why they vote as they do, and should not pretend to. Your interest in Appalachia is anthropological at best, and shoehorning it into the predetermined narrative you've constructed about the Democratic primary is unfair, belittling, and snide.
More here.
Over at Whiskey Fire, Molly Ivors does a brilliant job of taking New York Times' columnist Maureen Dowd to task for her "sheer coastal snobbery."
Of course, Dowd isn't alone these days, among the pampered corporate media mouthpieces. I think it's safe to say that all of the multi-millionaire Manhattan media types are truly out of touch these days.
Recall how ABC's Charlie Gibson recently claimed that families making $200,000 a year are "middle-class."
Also, remember Stephen Colbert's brilliant, right-on-target performance at the 2006 White House Correspondents' Association Dinner? Incredibly, The New York Times didn't even MENTION Colbert's performance in its coverage of the dinner.
Indeed, it wasn't until the YouTube video of Colbert's performance became an Internet sensation that the MSM bothered to notice.
I get the feeling that the pampered French royalty were just as out of touch with the common people, just before the French Revolution kicked off.
From Whiskey Fire:
Of all Maureen's poses, the ones where she attempts to capture The Spirit of the Heartland© are perhaps the most annoying. Face it, Maureen: you're a Feng Shui-living Manhattanite with 100 pairs of shoes and the best dye job your inexplicably large paycheck can buy, which is to say: still a dye job. You have no secret window into the souls of West Virginians to determine why they vote as they do, and should not pretend to. Your interest in Appalachia is anthropological at best, and shoehorning it into the predetermined narrative you've constructed about the Democratic primary is unfair, belittling, and snide.
More here.
Labels: class warfare, corporate media
Sunday, April 15, 2007
Pssst. Wanna Know How To Reduce Your Tax Bill? Simple: Become Rich
By MARC McDONALD
Tax season is here again. Would you like to know a sure-fire way of reducing your tax bill?
Simple. Become rich. The richer, the better.
Example: let's say your wealth puts you in the top 1/100th of 1 percent of all Americans. That's about 28,000 people in the U.S. These people, on average, make around $2 million every five days, which is what the average American earns over the course of a lifetime.
The tax burden for these super-rich people has been steadily falling for years. For example, in 1993, they paid 30 cents of every dollar into federal income tax. In 2000, that had fallen to 22 cents. Now, with the Bush tax cuts, it has fallen to 18 cents.
In his book Perfectly Legal, Pulitzer Prize-winning journalist David Cay Johnston details an outrageously unfair tax system that screws the poor and working class. It's a tax system that has been increasing shifting the burden away from the rich and onto lower-income taxpayers for years, a phenomenon that's gotten little coverage in the mainstream media.
Not only do the rich avoid paying taxes, but they also usually avoid tax audits. Johnston points out that working class people are eight times more likely to face an audit than the wealthy.
Johnston is only one of a number of high-profile investigative journalists who've detailed America's unfair tax system over the years.
In 1994, Pulitzer Prize-winning journalists Donald Barlett and James Steele published an eye-opening account of America's unfair tax system in their book, America: Who Really Pays the Taxes?
Barlett and Steele painted a gloomy picture of a beleaguered middle- and working class that is soaking up more and more of the nation's tax burden. They also detail how the tax burden is quietly shifting in other ways.
For example, the tax burden in the U.S. over the years has been shifting from corporations to individual taxpayers. In the 1950s, corporations paid around half of all taxes. Today, their burden has shrunk to less than 10 percent. In fact, today, 60 percent of all U.S. corporations pay zero income tax.
Johnston, Bartlett and Steele point out numerous cases in which wealthy individuals don't even bother to file a tax return.
Johnston cites the example of two billionaires, Alec and Jocelyn Wildenstein, who admitted under oath that for 30 years, they never even filed a tax return---and faced no consequences as a result.
In their book, Barlett and Steele point out that in 1989, there were 1,081 people earning over $200,000 who paid zero income tax. I would suspect that since Barlett and Steele's 1994 book was released that the number of wealthy tax avoiders has increased further still.
In the interviews they conducted to research their books, Barlett, Steele and Johnston describe ordinary taxpayers' seething anger and frustration with the unfairness of the tax code.
Johnston, in particular, seems pessimistic that the U.S. tax system will ever be fixed. He considers open revolt and social disruption a possibility in the future.
For their part, Barlett and Steele, offer modest proposals for making the tax system more equitable, such as closing all loopholes. However, the odds of real change to make the tax system more fair in Bush's America seem remote indeed.
Tax season is here again. Would you like to know a sure-fire way of reducing your tax bill?
Simple. Become rich. The richer, the better.
Example: let's say your wealth puts you in the top 1/100th of 1 percent of all Americans. That's about 28,000 people in the U.S. These people, on average, make around $2 million every five days, which is what the average American earns over the course of a lifetime.
The tax burden for these super-rich people has been steadily falling for years. For example, in 1993, they paid 30 cents of every dollar into federal income tax. In 2000, that had fallen to 22 cents. Now, with the Bush tax cuts, it has fallen to 18 cents.
In his book Perfectly Legal, Pulitzer Prize-winning journalist David Cay Johnston details an outrageously unfair tax system that screws the poor and working class. It's a tax system that has been increasing shifting the burden away from the rich and onto lower-income taxpayers for years, a phenomenon that's gotten little coverage in the mainstream media.
Not only do the rich avoid paying taxes, but they also usually avoid tax audits. Johnston points out that working class people are eight times more likely to face an audit than the wealthy.
Johnston is only one of a number of high-profile investigative journalists who've detailed America's unfair tax system over the years.
In 1994, Pulitzer Prize-winning journalists Donald Barlett and James Steele published an eye-opening account of America's unfair tax system in their book, America: Who Really Pays the Taxes?
Barlett and Steele painted a gloomy picture of a beleaguered middle- and working class that is soaking up more and more of the nation's tax burden. They also detail how the tax burden is quietly shifting in other ways.
For example, the tax burden in the U.S. over the years has been shifting from corporations to individual taxpayers. In the 1950s, corporations paid around half of all taxes. Today, their burden has shrunk to less than 10 percent. In fact, today, 60 percent of all U.S. corporations pay zero income tax.
Johnston, Bartlett and Steele point out numerous cases in which wealthy individuals don't even bother to file a tax return.
Johnston cites the example of two billionaires, Alec and Jocelyn Wildenstein, who admitted under oath that for 30 years, they never even filed a tax return---and faced no consequences as a result.
In their book, Barlett and Steele point out that in 1989, there were 1,081 people earning over $200,000 who paid zero income tax. I would suspect that since Barlett and Steele's 1994 book was released that the number of wealthy tax avoiders has increased further still.
In the interviews they conducted to research their books, Barlett, Steele and Johnston describe ordinary taxpayers' seething anger and frustration with the unfairness of the tax code.
Johnston, in particular, seems pessimistic that the U.S. tax system will ever be fixed. He considers open revolt and social disruption a possibility in the future.
For their part, Barlett and Steele, offer modest proposals for making the tax system more equitable, such as closing all loopholes. However, the odds of real change to make the tax system more fair in Bush's America seem remote indeed.
Labels: class warfare, GOP, tax policy
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