ROBERT B. REICH
Chancellor’s Professor of Public Policy at the University of California at Berkeley, Secretary of Labor in the Clinton administration, chairman of Common Cause and professional midget.
True Patriotism by Robert Reich
"True patriotism isn’t cheap. It’s about taking on a fair share of the burdens of keeping America going.
Those who earn tens of millions of dollars a year but pay less than 14 percent of their incomes in taxes, and argue the rich should pay even less, are not true patriots.
Those who defend indefensible tax loopholes, such as the “carried interest” loophole that allows private-equity managers to treat their incomes as capital gains even if they risk no income of their own, are not true patriots.
Those who avoid taxes by putting huge amounts of their earnings into IRAs via foreign tax shelters are not true patriots.
Those who want to cut programs that benefit the poor — Food stamps, child nutrition, Pell grants, Medicaid — so that they can get a tax cut for themselves and their affluent friends— are not true patriots."
Some might think, Mr. Secretary, that this article is a shot across the bow of one man running for the highest office in the land. And they may be correct. But, when I read your words I cannot help but think of the eminence wealth of a dynastic group democrats rarely mention. That be THE KENNEDY'S.
"Those who avoid taxes by putting huge amounts of their earnings into IRAs via foreign tax shelters are not true patriots."Yes Mr. Reich, sheltered wealth allowed a whole generation of Kennedy's to screw and drunkenly stumble their way through American history. "Joe Kennedy set his family trusts so they would be hidden from public scrutiny and many details remain secrets known only to the Kennedys."
Much of the Kennedy wealth was made under the table during prohibition," in 1973 mob boss Frank Costello said he and Kennedy had been bootlegging partners." Much of Joseph P. Kennedy's fortune (estimated at about $400 million at the time of his death in 1969) remains off shore and" the complicated labyrinth of trusts, which dole out small amounts of money to the large Kennedy clan, are invested conservatively and run by financial experts whose goal is to maintain the principal." The trust are protected and the Kennedy's pay taxes only on the government pay they earn as politicians and environmental and society busy bodies.
And I find it quite interesting that one of the first acts by JFK after becoming the 35th president was to lower taxes from 90% to 65%, thus increase the family fortunes, but also as a result spurring economic growth that lasted well into the next decade (a point the leftist democrat's of today conveniently seem to not want to acknowledge).
"Those who want to cut programs that benefit the poor — Food stamps, child nutrition, Pell grants, Medicaid — so that they can get a tax cut for themselves and their affluent friends— are not true patriots."Please! For your propaganda here, Mr Secretary, I suggest you read Fuzzy's post below for a proper schooling on these points.....but I must add this, only 21% of students who qualify for Pell Grants finish their second year of education and go on to graduate - 21%! Seems some people shouldn't be wasting our tax money and should learn a craft or trade as a way into the middle class.
And as for Medicaid, Mr. Obama and your party passed the health reform law, set to rape the program of billions to pay for OBAMACARE.
Just another little detail that slipped your mind, I sure.