Twenty-Five U.S. Billionaire Tax-Evaders Face Propublica’s Sunlight

This will put me in a sour mood tonight, as I work on my taxes. The 25 richest people in the U.S. paid an effective tax rate of only 3.4% from 2014-2018. Krystal and Saager discuss this "phenomenal" reporting by Propublica (based on a "immense" secret trove of never-before-seen IRS records). They mention that the highest U.S. tax rate is officially 37%, for those making more than 628,000. My next stop will be Propublica to better understand how the super rich avoid paying taxes. Meanwhile, the median income U.S. household, often living paycheck to paycheck, pays an effective income tax rate of 14%. I assumed something like this, but these numbers are outrageous. This is stealing in broad daylight. This shouts: "Let them eat cake."

Here is a quote from Propublica that will be deflating for those who think that the Biden plan will be transformative regarding the tax burden on the wealthy:

The revelations provided by the IRS data come at a crucial moment. Wealth inequality has become one of the defining issues of our age. The president and Congress are considering the most ambitious tax increases in decades on those with high incomes. But the American tax conversation has been dominated by debate over incremental changes, such as whether the top tax rate should be 39.6% rather than 37%.

ProPublica’s data shows that while some wealthy Americans, such as hedge fund managers, would pay more taxes under the current Biden administration proposals, the vast majority of the top 25 would see little change.

Continue ReadingTwenty-Five U.S. Billionaire Tax-Evaders Face Propublica’s Sunlight

Krystal and Saagar’s “Breaking Points” Rockets to the Podcast Stratosphere

Only a week after splitting from The Hill's podcast, "Rising," Krystal and Saagar are celebrating. Their Independent Podcast, "Breaking Points," is already the #1 political podcast on Spotify and the #3 overall podcast. If you are tired of corporate-filtered news, give them a try. If you want open-ended conversation by inquisitive minds, this is a place for you. If you are distressed by newscasts that needlessly divide us from each other and put financial elites on pedestals, look no further. I'm attaching yesterday's clip of Krystal and Saagar celebrating their stunning news and explaining their mission.

Continue ReadingKrystal and Saagar’s “Breaking Points” Rockets to the Podcast Stratosphere

The New Partisan ACLU

This change of de facto mission has been obvious for years. The ACLU is now unapologetically partisan, which is in sharp conflict with its stated principles. This NYT new coverage of this change is better late than never.

"It was supposed to be the celebration of a grand career, as the American Civil Liberties Union presented a prestigious award to the longtime lawyer David Goldberger. He had argued one of its most famous cases, defending the free speech rights of Nazis in the 1970s to march in Skokie, Ill., home to many Holocaust survivors.

Mr. Goldberger, now 79, adored the A.C.L.U. But at his celebratory luncheon in 2017, he listened to one speaker after another and felt a growing unease.

"I got the sense it was more important for A.C.L.U. staff to identify with clients and progressive causes than to stand on principle,” he said in a recent interview. “Liberals are leaving the First Amendment behind.”

The A.C.L.U., America’s high temple of free speech and civil liberties, has emerged as a muscular and richly funded progressive powerhouse in recent years, taking on the Trump administration in more than 400 lawsuits. But the organization finds itself riven with internal tensions over whether it has stepped away from a founding principle — unwavering devotion to the First Amendment."

The NYT piece offers this compelling evidence in support:

Since Mr. Trump’s election, the A.C.L.U. budget has nearly tripled to more than $300 million as its corps of lawyers doubled. The same number of lawyers — four — specialize in free speech as a decade ago.

As I've pointed out many times, the legacy media take-over by social justice/woke partisanship mirrors the take-over of the ACLU. Good to see the NYT finally look into the mirror and ask itself some simple questions about its own mission. That had to happen in order for this ACLU article to find the light of day.

Continue ReadingThe New Partisan ACLU

Matt Taibbi: The Horseshoe Theory is Now a Real Thing

This is what I am seeing too. It is based on our Americhean (American + Manichean) zeitgeist. Matt Taibbi calls it the "horseshoe theory." He has unlocked his entire article, which I highly recommend, mostly for people who (mostly) will refuse to read it, but who need to read this. The title is "Congratulations, Elitists: Liberals and Conservatives Do Have Common Interests Now." Here is an excerpt:

The American liberalism I knew growing up was inclusive, humble, and democratic. It valued the free exchange of ideas among other things because a central part of the liberal’s identity was skepticism and doubt, most of all about your own correctitude. Truth was not a fixed thing that someone owned, it was at best a fleeting consensus, and in our country everyone, down to the last kook, at least theoretically got a say. We celebrated the fact that in criminal courts, we literally voted to decide the truth of things.

This new elitist politics of the #Resistance era (I won’t ennoble it by calling it liberalism) has an opposite view. Truth, they believe, is properly guarded by “experts” and “authorities” or (as Jon Karl put it) “serious people,” who alone can be trusted to decide such matters as whether or not the Hunter Biden laptop story can be shown to the public. A huge part of the frustration that the general public feels is this sense of being dictated to by an inaccessible priesthood, whether on censorship matters or on the seemingly daily instructions in the ear-smashing new vernacular of the revealed religion, from “Latinx” to “birthing persons.”

In the tone of these discussions is a constant subtext that it’s not necessary to ask the opinions of ordinary people on certain matters. As Plato put it, philosophy is “not for the multitude.” The plebes don’t get a say on speech, their views don’t need to be represented in news coverage, and as for their political choices, they’re still free to vote — provided their favorite politicians are removed from the Internet, their conspiratorial discussions are banned (ours are okay), and they’re preferably all placed under the benevolent mass surveillance of “experts” and “professionals.”

Add the total absence of a sense of humor and the inability of “moral clarity” politics to co-exist with any form of disagreement, and there’s a reason why traditional liberals are suddenly finding it easier to talk with old conservative rivals on Fox than the new authoritarian Snob-Lords at CNN, MSNBC, the Daily Beast or The Intercept. For all their other flaws, Fox types don’t fall to pieces and write group letters about their intolerable suffering and “trauma” if forced to share a room with someone with different political views. They’re also not terrified to speak their minds, which used to be a virtue of the American left (no more).

From the moment Donald Trump was elected, popular media began denouncing a broad cast of characters deemed responsible. Nativists, misogynists and racists were first in line, but from there they started adding new classes of offender: Greens, Bernie Bros, “both-sidesers,” Russia-denialists, Intellectual dark-webbers, class-not-racers, anti-New-Normalers, the “Substackerati,” and countless others, casting every new group out with the moronic admonition that they’re all really servants of the “far right” and “grifters” (all income earned in service of non-#Resistance politics is “grifting”). By now conventional wisdom has denounced everyone but its own little slice of aristocratic purity as the “far right.”

They’re wrong on the ideology, but right about one thing: they’ve created a brand of imperious elite politics so revolting that it has the potential to unite even this Balkanized wreck of a country. If they keep this up, liberals and conservatives may start talking for real, and maybe even fix a thing or two.

Continue ReadingMatt Taibbi: The Horseshoe Theory is Now a Real Thing

Religion to the Left of Me, Religion to the Right . . .

New religions are springing up in America, both on the left and the right. Click these Tweets and weep. You'll learn some surprising things. For instance, "Our Constitution is based on the Bible, Period!"

BTW, this is also what Michael Flynn is up to these days:

And here is the religion to the left of me:

As you can hear, above, you will learn things like this from properly indoctrinated children (despite the teacher's claim that "the children guide the learning"): "White people make other people think that they are bad." No nuance in any of this, so just write it all down and believe it.

I suspect that a large part of the American rage machine (online and in-person) is the far right and far left antagonizing each other. We need to discover a new version of Australia and ship both fringes there so that the moderates of each party can demonstrate how to communicate with each other and strike meaningful adult-like compromises.

Continue ReadingReligion to the Left of Me, Religion to the Right . . .