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Economics Fox News Fox News Lies Money WTF?!

Multimillionaire Sean Hannity Says Americans Need To Work Two Jobs Instead Of Accepting Government Assistance

Fox News host Sean Hannity — who has a net worth of approximately $250 million and earns an annual salary of over $40 million — has a message for anyone who’s struggling to make ends meet or put food on the table for themselves and their family: Get a second job and don’t you dare accept any food stamps or other government assistance.

 

According to Media Matters For America, Hannity made the remarks about refusing government assistance on the Thursday edition of his radio show:

“Socialism will always end this way — with unfulfilled promises, lofty promises. You — you think it’s a great thing, ‘I don’t have to worry about these things anymore. Ah, thank goodness. Alright, I don’t have to worry about getting a college fund for my kids. I don’t have to worry about my healthcare. I even have government guaranteed retirement — I’m gonna have — I’m gonna have daycare if I have kids,’ blah, blah, blah.

“Sounds great — they’ll never pull it off because they can’t afford it. Socialism’s great until you run out of other people’s money.”

But the Fox host was just getting warmed up, giving a full-throated endorsement of predatory capitalism that creates billionaires but leaves children and veterans starving and homeless:

“And then after the promises are unfulfilled, then the next problem occurs — and that is — it results in dependency and more poverty.  And the last thing that you gotta calculate – depending on what manifestation this fully takes on in the end: How much freedom did you give up in the name of false security created by people that when you look deep inside, didn’t really want to promise anything. They wanted to make you dependent on them so they can stay in power. It’s that simple. That’s what is — that’s the game that they play. It sounds appealing.”

Yeah, freedom is so much more important than a roof over your head or something to eat. Sure, you’re starving and living in a cardboard box, but at least you have you FREEDOM! Try paying your bills with a big batch of American freedom and see how that turns out.

The solution, according to Hannity, is working two jobs. Because who needs sleep, right?

“Here’s my unsolicited advice to all of you, my wonderful radio family. Can’t do this show without you.

“Don’t rely on the government for anything. Rely on yourself. Go out, work hard. Work two jobs, like my parents did. Save as much as you can so you can make choices down the road.” 

So let’s take a closer look at Hannity’s math regarding the working two jobs suggestion:

You have two full-time (40 hours a week) minimum wage jobs that pay $7.25 an hour. That means you’ll earn $2320.00 a month. After taxes, you might see $2000 of that.

Multiply $2,000 by 12 and you wind up with $24,000, which is what you’re supposed to pay rent, buy groceries, and use for utilities, clothes, etc. with. How long is that going to keep your family afloat? And how long can most people work two jobs before they collapse from exhaustion?

Here’s a better idea: Tax rich assholes like Sean Hannity, Tucker Carlson, Rupert Murdoch, etc. at a 50% rate. Then take that money and invest in things like infrastructure, schools, health care, and food security.

Hannity is a greedy douchebag. He’s got his millions, and the rest of us can starve for all he cares.

Here’s the audio from Sean’s radio show:

Categories
Greed Taxation WTF?!

Right-Wing Host: Raise Taxes On The Poor – The Rich Pay All The Taxes!

If you’ve ever been brave enough to watch a few minutes of Fox News, Newsmax, or other right-wing networks, then there’s an good chance you’ve seen Ben Shapiro, who is listed as the “editor emeritus” of the extremely conservative website The Daily Wire, which pumps out all sorts of lies, disinformation, and conspiracy theories that the tinfoil hat wearing crowd laps up like honey.

Shapiro (along with some other deplorable right-wing asshats) watched President Joe Biden’s speech to a join session of Congress on Wednesday evening and was outraged by the fact that the president has plans to fund some of his programs for infrastructure and education by raising taxes on large corporation and the richest Americans.

According to Shapiro, the rich already pay too many taxes:

 “I was screaming at the television when he’s talking about taxes. Because what he is saying is so obviously asinine. When he says that rich people don’t pay their fair share in this country, that is just an abject disgusting lie. It is a lie. The top ten percent of income earners in this country pay all net taxes. Not some of the taxes, all of the net taxes – because net taxes are defined as what you pay into the government, minus what you get back from the government.”

Shapiro’s co-host, Jeremy Boering (never has a person had a more appropriate last name), then joined the conversation, gladly seconding what Shapiro had said and then going further:

“The people who don’t pay their fair share in this country are the poor. We need to raise taxes on the poor. I’m not joking. I’m not joking. The poor in this country pay zero. The lower middle class in this country pay net zero. So we have a group of people who pay no taxes, a group of people who pay no net taxes, a group of people who pay all the net taxes, and his argument is that it’s category three who don’t pay their fair share. Fair share means your percentage of taxes. We’ve determined that there are some people who shouldn’t pay any percent of taxes. The only fair taxing system is one in which everyone pays.”

As you’d expect, what Shapiro and Boering said is complete bullshit.

The poor are taxed very heavily. It’s just that their tax burden is on items they buy to survive: Food, housing, medicine. Oh, and there’s also the payroll tax that comes out of paychecks. And to top it all off, many lower income Americans also wind up paying income taxes too, usually at the federal and state level.

It’s no surprise that right-wing douchebags want to make sure the rich get richer. They’ve been playing that same tune for decades, but their dreams of a trickle-down economic miracle never pan out. Why? Because supply side economic policy doesn’t work and never will.

The real reason people like Ben Shapiro and Jeremy Boering don’t want to raise taxes on the well-to-do is simple: They’re greedy assholes with a massive sense of entitlement.

Want to see the vast majority of Americans stand up and cheer? Raise the top tax rate on the richest to 75% and tell the millionaires and billionaires that if they don’t like it, intercontinental flights are leaving every hour from the nearest airport.

 

Categories
Economics Taxation Taxes and the Economy

GOP Tax Bill Is So Bad That Republicans Admit They’ll Need Another One To ‘Fix’ It

As a rule, when Congress writes and passes a piece of legislation, they try to work out any possible problems with the bill before they actually pass it. But when it comes to the GOP tax bill, it appears they’ll go full steam ahead, even though they realize there are major problems with the so-called “Tax Cut & Jobs Act.”

Rep. Kevin Brady (R-TX) the main author of the tax bill, admitted late last week that Congress will need to draft another bill in order to make “technical corrections” to the legislation:

“I can’t imagine any major undertaking like this that doesn’t require technical corrections in the future.”

Steven Rosenthal, a lawyer and tax expert who formerly worked for the congressional Joint Committee on Taxation, was blunt when asked about Brady’s comments:

“This legislation is tax policy malfeasance.”


Congressional Republicans are eager to get the tax bill passed as soon as possible, both because they’re desperate for a legislative victory and their majority in the Senate is about to shrink, as the Huffington Post notes:

“GOP lawmakers are enacting the tax bill itself through the budget reconciliation process, which means that it can pass with a simple majority and no threat of a filibuster ― an essential requirement for the Republicans, because they have only 52 seats in the Senate now and that drops to 51 once Doug Jones takes the Alabama seat now occupied by a Republican. But a bill fixing the tax legislation next year would not necessarily have the same advantage of the lower Senate vote threshold, meaning Republicans could need Senate Democrats to get it done.”

Brady, however, sounded optimistic that Democrats would come on board to help repair the tax bill in 2018:

“We can do even more to improve this tax code. I’m hopeful Democrats, who’ve always said they’re for tax reform but today are defending the status quo, I hope they rethink that and work with us to improve the code.”

Or they may just let the Republicans own the entire bill, flaws and all, and use it as a political cudgel in the midterm election.

This article was originally published by the same author at LiberalAmerica.org

Categories
Economics Taxation Taxes and the Economy

Former Wall Street Exec On Trump Tax Plan: ‘This Is A Tax Break For Donald Trump’ (VIDEO)

On Wednesday, Treasury Secretary Steven Mnuchin presented the Trump administration’s “tax reform” plan, even though there’s no reform, only more trickle down voodoo economics calling for massive tax cuts for business and the rich. Yeah, because that worked so well in the past.

The Trump tax plan (a one-page bullet-point sheet) was the subject of the debate on CNN, with Trump economic adviser Stephen Moore arguing that the reduction in the business tax rate from 35 to 15 percent was some kind of magical panacea that will jump-start the American economy:

“The 15 percent business tax cut is really the heart and soul of this plan. We can’t go forward in the world with the highest tax rate in the world. It’s just a simple truism.”

Former Wall Street exec Alexis Goldstein quickly shot down Moore’s assertion:

“It’s not accurate to say the United States has the highest tax rates in the world. Americans for Tax Fairness pointed out that only one dollar for every nine dollars in tax revenue is currently coming from corporations because they have so many methods of dodging taxes, shifting them overseas.

“In addition to not having very many details, in addition to not having Donald Trump’s tax returns, we have two former bankers from Goldman Sachs announcing a plan that from the details that we do know will dramatically cut taxes for big banks like Goldman Sachs.”

But Goldstein was far from finished taking the air out of Moore’s balloon, adding:

“I think this tax plan is a huge giveaway to corporate America. It’s not going to put more money in the pockets of American workers. What it’s going to do is it’s going to enable giant corporations to do more mergers, to get even bigger, to extend their concentration of power, and it’s going to enable them to pour more money back into their already-wealthy shareholders pockets.”

Moore attempted to regain the momentum, claiming that “70 percent of the benefit from a business tax cut go to worker, not the owners of the business.”

Again, Goldstein shut him down with facts:

“Small businesses are already able to take advantage of lower tax rates. This is a plan that’s going to help large corporations. This betrays the campaign promise, this betrays the promise that Steven Mnuchin made that there would be no absolute tax break for the wealthy.

“This is a tax break for the wealthy, this is a tax break for large corporations, this is a tax break for real estate developers like Donald Trump. It’s a tax break for hedge fund managers.”

If the Trump administration wants to deny the truth of what Goldstein said, they can start by releasing the so-called president’s 2016 tax return.

This article was originally published by the same author at LiberalAmerica.org

Categories
Economics Politics

Newt Gingrich Just ADMITTED That Donald Trump’s Economic Plan Is Total B.S

It’s been a rough week for GOP nominee Donald Trump. From his criticisms of a Gold Star family who lost their son in Iraq to his falling poll numbers, Trump has had one of the worst weeks of any candidate in modern memory.

And now we have a Trump ally, former Speaker of the House Newt Gingrich, saying on Fox News that Trump’s economic plan for massive tax cuts doesn’t add up and is total bullshit.

Appearing on “Fox News Sunday,” Gingrich was asked by host Chris Wallace if the Donald’s tax and spending plans add up. And Gingrich quickly replied:

“Of course not. Historically, no candidates have numbers that add up.”

Ouch! That’s gotta sting. Especially when it comes from someone who says they support you and kissed your ass for months in the hopes of securing the running mate slot on the Republican ticket.

In the week ahead, according to Stephen Moore, who is an economic adviser to the GOP nominee, Trump will unveil a gigantic tax cut. Moore told Bloomberg Television:

“If you’re a working-class American, there’s no question that an agenda that cuts taxes, that gets rids of regulations, redoes some of these trade deals in ways that are pro-America, is going to help.”

And yet even Fox News has estimated that Trump’s plan for massive tax cuts would add $11.2 trillion to the national debt, and that the lion’s share of the fueled by tax cuts would go to the wealthy. The federal debt owed to the public currently stands at $12.8 trillion, so adding another $11.2 would be an increase of 87 percent. As with all things Trumpian, the lies just get bigger the longer he talks.

Donald Trump and his trickle-down disciple economic advisers have nothing but more of the same failed economic policies which nearly cast this country into a depression in 2008. They have no shame, and they could care less about working-class people or anyone who has less than $100 million in net worth. They are modern-day robber barons, and their new self-appointed king is one Donald J. Trump.

This article was originally published by the same author at Liberal America.org