Home Dana Neacsu To Tax or Not to Tax My Friends. That’s Hillary’s Question

To Tax or Not to Tax My Friends. That’s Hillary’s Question

Hillary Clinton's Wealth Gaffes Distract GOP from Plutocratic AgendaThere is one way TPV could support a Hillary candidacy for the US Presidency. Taxes. If she fights for increasing taxes on the rich, then we are with her 100 %.

Saturday, during an interview with the Guardian, Hillary attempted to explain why her personal wealth isn’t a drag on her credibility as an advocate for addressing economic inequality.

“[T]hey don’t see me as part of the problem,” she said, “because we pay ordinary income tax, unlike a lot of people who are truly well off, not to name names; and we’ve done it through dint of hard work.

For TPV that’s some tone-deaf attitude. But she’s not alone. Politicians do not really care about this country. They are castrated Reagan clones: C and D Hollywood movie stars. No matter their avowed ideology, they are all in for some healthy dose of dollars, and they have all been successful at securing the dough.  Not really wanting to pull a Chris Hedges on our readers, but finding his work ethic enticing, here is the tax issue which could change TPV’s opposition to a Hillary candidacy, lifted from the New Republic:

Nearly all viable presidential candidates are extremely rich. Obama is himself quite rich, though not exactly Kennedy/Bush/Kerry/Romney rich. The next GOP nominee might not be quite as cartoonish a plutocrat as Romney, but he will almost certainly be wealthy, and, crucially, will almost certainly promote an agenda that would exacerbate economic inequality. When Clinton said “we pay ordinary income tax” she wasn’t just taking a gratuitous jab backwards at Romney for paying taxes at a sub-15 percent rate. She was presaging an agenda that will almost certainly call for eliminating or reducing tax preferences that allow an entire class of people of great wealth to reduce their effective tax rates. I don’t know if she’ll propose jacking up the capital gains tax, or closing the carried-interest loophole. I don’t know if she’ll target individual tax loopholes, or advocate for capping tax expenditure benefits or anything about what her economic agenda will look like. But I am 100 percent confident it will include some measures along these lines, and nearly as confident that the Republican candidate will oppose it in every particular.

So here you have it. To tax or not to tax, that’s going to be Hillary’ s question. Does she have the balls to say it (even if she will not do it)? TPV will be happy if she says it. Say it Hillary. You’ve reached retirement age, you should have some balls to say crazy shit like raising taxes on your friends, the rich!

Say it, baby!

***

BY DANA NEACSU

ECONOMICS: To Tax or Not to Tax My Friends. That’s Hillary’s Question

3 COMMENTS

  1. I know you want to love her, but I think it’s going to be rough – Biden may be your man, if I remember he was ranked as one of the “poorest” Senators, that would be a $ ranking, not personality or job performance.

    On the other hand, I don’t know how he feels about taxes – if he’s at all the “regular American” he makes himself out to be, he probably hates taxes. Even on rich people. We Americans are well trained.

    PS. The difference between him and the regular unwashed us who don’t want to tax the rich because we might be rich some day, he almost surely will be rich one day.

  2. Looks like the race is on!

    Joe Biden doesn’t have a savings account?
    CBS News – ‎37 minutes ago‎
    Vice President Joe Biden, in a moment of attempted folksy connection to his audience at the White House Working Families Summit on Monday,understated his personal financial situation just a tad.

    Clinton: I’m not ‘truly well off’
    Fox News – ‎1 hour ago‎
    Hillary Clinton, who has a net worth upwards of $50 million, said in an interview that she is “unlike a lot of people who are truly well off.

  3. I think part of the problem with all of these people v. regular people is our different concept of $.

    Someone should explain that to the rest of us, when we talk about money, it’s the stuff we use to buy food, pay our rent, health insurance if we’re lucky along with luxuries like toys for our kids and something extra yummy to eat.

    I think when they say money, they assume all of the above is a given money only starts after all of that.
    Maybe if someone took away their food, the whole regular person’s idea of money would come into focus(?)

    Hillary Clinton insists she isn’t “well-off” and now daughter Chelsea, according to a recent interview, claims she couldn’t care less about money.

    “I was curious if I could care about (money) on some fundamental level, and I couldn’t,” she told Fast Company in an interview that ran in the magazine’s May edition, explaining why she gave up lucrative gigs to join her family’s philanthropic foundation.

    Read more: http://www.nydailynews.com/news/politics/chelsea-clinton-care-money-article-1.1840138#ixzz35UgjGJCb

Comments are closed.