I actually have a perverse fondness for Bill Clinton.
This is both because we got better policy while he was President (whether he deserves credit is a separate question) and because he single-handedly generated a lot of quality political humor.
But that doesn’t mean he isn’t a typical politician. And the same is true for his wife.
Indeed, they are strong candidates for the Hypocrisy-in-Government Award.
That’s because they want to subject other people to the death tax, but they’re taking aggressive steps to make sure they aren’t subject to this punitive and immoral form of double taxation.
Here’s some of what Bloomberg is reporting on the issue.
Bill and Hillary Clinton have long supported an estate tax… That doesn’t mean they want to pay it. To reduce the tax pinch, the Clintons are using financial planning strategies befitting the top 1 percent of U.S. households in wealth. These moves, common among multimillionaires, will help shield some of their estate from the tax that now tops out at 40 percent of assets upon death. The Clintons created residence trusts in 2010 and shifted ownership of their New York house into them in 2011, according to federal financial disclosures and local property records.
But you have to give the Clintons credit for chutzpah.
They have tens of millions of dollars in assets, but Hillary said they were “dead broke.”
The Clintons’ finances are receiving attention as Hillary Clinton tours the country promoting her book, “Hard Choices.” She said in an interview on ABC television that the couple was “dead broke” and in debt when they left the White House in early 2001. …The Clintons’ finances are receiving attention as Hillary Clinton tours the country promoting her book, “Hard Choices.” She said in an interview on ABC television that the couple was “dead broke” and in debt when they left the White House in early 2001. …Since she left the government last year, Hillary Clinton, 66, has been giving speeches for hundreds of thousands of dollars each. Bill Clinton, 67, also makes paid speeches and appearances, receiving $200,000 each in October 2012 from Vanguard Group Inc. and Deutsche Bank AG, according to Hillary Clinton’s disclosures.
Geesh, I wish I was “dead broke” the same way.
Political cartoonists certainly aren’t impressed. Here’s Gary Varvel’s take on the topic.
Michael Ramirez, winner of my cartoon contest, also is unimpressed.
By the way, Hillary was quoted in the Bloomberg story as being in favor of a meritocracy.
Which makes you wonder whether she opposed the special sweetheart deal that her daughter received to work at NBC News.
Chelsea Clinton earned an annual salary of $600,000 at NBC News before switching to a month-to-month contract earlier this year, sources with knowledge of the agreement told POLITICO. …As special correspondent, Clinton worked on service-related feature assignments for NBC’s “Rock Center with Brian Williams” until the show’s cancellation in June 2013. Clinton has since worked on packages for NBC Nightly News. …When Clinton joined NBC, many media critics chafed at the network’s decision to employ a former first daughter with no experience in journalism. The New York Post referred to Clinton as “just another spoiled, aimless child of rich, successful parents chauffeured through adulthood by Mommy and Daddy’s connections.”
I have nothing against parents helping their kids and using their connections. I surely would help my kids if I had any influence in a hiring or pay decision.
But this smells of cronyism. Let’s not forget that NBC is owned by General Electric, and GE is infamous for getting in bad with politicians in exchange for handouts and subsidies.
In other words, it’s quite likely that Chelsea was given an extremely lucrative contract precisely because the company figured it was a good way of earning some chits with the then-Secretary of State and possible future President.
I’m not aware of any smoking gun to confirm my suspicion, but it would take heroic naiveté to assume that Chelsea’s parents had nothing to do with NBC’s decisions.
So, for their hypocrisy on both the death tax and meritocracy, the Clinton’s could win the Hypocrisy Award.
But there are plenty of other worthy candidates.
Such as the Paris-based Organization for Economic Cooperation and Development, which advocates higher tax for everyone else while providing gold-plated tax-free salaries and benefits to its own employees.
Such as the leftist political types who say tax havens are bad and immoral while simultaneously utilizing these low-tax jurisdictions to protect and grow their own wealth.
Such as the politicians and congressional staffers who decided to coerce others into Obamacare while seeking special exemptions for themselves.
Such as the rich leftists who advocate higher taxes for other people even though they refuse to send more of their own money to Washington.
Such as Prince Charles of the United Kingdom, who preaches coerced sacrifice for ordinary people even though his “carbon footprint” would be in the top 1 percent.
Such as the statists who fight against school choice for poor families while sending their own kids to pricey private schools for the elite.
Such as the Canadian politician who supports government-run healthcare for his constituents but comes to America for private treatment when he’s sick.
As you can see, the Clintons face some very tough competition.
[…] tax strategies to reduce his (apparently unpatriotic) tax bill to the IRS. I also applauded when Bill and Hillary Clinton engaged in clever tax avoidance, as well as John Kerry and Gov. Pritzker of […]
[…] tax strategies to reduce his (apparently unpatriotic) tax bill to the IRS. I also applauded when Bill and Hillary Clinton engaged in clever tax avoidance, as well as John Kerry and Gov. Pritzker of […]
[…] support tax increases, particularly since many of them (Elizabeth Warren, Joe Biden, Bill and Hillary Clinton, John Kerry, etc, etc, etc, etc, etc, etc) lower their tax bills […]
[…] rich leftists support tax increases, particularly since many of them (Elizabeth Warren, Joe Biden, Bill and Hillary Clinton, John Kerry, etc, etc, etc, etc, etc, etc) lower their tax bills by using expensive lawyers and […]
[…] Bill Clinton […]
[…] worth, I suspect that they are both hypocrites, just like other folks on the left (John Kerry, Hillary Clinton, Gov. Pritzker, Tim Geithner, etc) who embrace higher taxes for you and me while making sure they […]
[…] worth, I suspect that they are both hypocrites, just like other folks on the left (John Kerry, Hillary Clinton, Gov. Pritzker, Tim Geithner, etc) who embrace higher taxes for you and me while making sure they […]
[…] of like Joe Biden or Hillary Clinton wanting higher taxes on the rest of us while coming up with a clever tax strategies to protect […]
[…] of like Joe Biden or Hillary Clinton wanting higher taxes on the rest of us while coming up with a clever tax strategies to protect […]
[…] Let’s not forget about other left-wing millionaires, such as Joe Biden, John Kerry, Bill and Hillary Clinton, and the Governor of Illinois, all of whom want to atone for their wealth by raising taxes on the […]
[…] So he’s guilty of tax hypocrisy, which seems to be a common vice for folks on the left (the Clintons, John Kerry, Obama’s first Treasury Secretary, Obama’s second Treasury Secretary, Governor […]
[…] So he’s guilty of tax hypocrisy, which seems to be a common vice for folks on the left (the Clintons, John Kerry, Obama’s first Treasury Secretary, Obama’s second Treasury Secretary, Governor […]
[…] pay higher taxes, they do everything they can to minimize their tax burdens. Just look at the Clintons. And John Kerry. And Obama’s first Treasury Secretary. And Obama’s second Treasury Secretary. […]
[…] pay higher taxes, they do everything they can to minimize their tax burdens. Just look at the Clintons. And John Kerry. And Obama’s first Treasury Secretary. And Obama’s second Treasury […]
[…] and Hillary advocating for higher death taxes, but then rigging the system so they could avoid that unfair […]
[…] Bill and Hillary dodging the death tax, while supporting plans to force others to pay. […]
[…] And if so, does that mean John Kerry also is unpatriotic? And what about Bill and Hillary Clinton? […]
[…] he’s not alone. Just look at the Clintons. And Warren Buffett. And John Kerry. And Obama’s first Treasury Secretary. And […]
[…] I’ll defend just about anybody who benefits from dodging the death tax, even if they are hypocrites or […]
[…] pay extra tax. They also go out of their way to figure out how to pay lower taxes. Just look at the Clintons. And Warren Buffett. And John Kerry. Or any of the other rich leftists who want higher taxes for […]
[…] to government are very misguided, but it’s better to be naive than to be hypocritical. Like the Clintons. And Warren Buffett. Or any of the other rich leftists who want higher taxes for you and me while […]
[…] to government are very misguided, but it’s better to be naive than to be hypocritical. Like the Clintons. And Warren Buffett. Or any of the other rich leftists who want higher taxes for you and me while […]
[…] because of a death, then it’s doubly immoral to impose such taxes while simultaneously (and hypocritically) taking steps to dodge the […]
[…] because of a death, then it’s doubly immoral to impose such taxes while simultaneously (and hypocritically) taking steps to dodge the […]
[…] and her friends will largely dodge the tax, which mostly will fall on small business owners who lack the ability to create clever […]
[…] and her friends will largely dodge the tax, which mostly will fall on small business owners who lack the ability to create clever […]
[…] Clinton family’s house, which is owned by a trust to help dodge the death tax, something that I also called attention to back in […]
[…] real quandary is whether Bernie’s sincere demagoguery is more disturbing or less disturbing than Hillary’s hypocritical attacks on the top 1 […]
[…] quandary is whether Bernie’s sincere demagoguery is more disturbing or less disturbing than Hillary’s hypocritical attacks on the top 1 […]
[…] comme John Kerry ou Bill et Hillary Clinton, prenez-vous les mesures intelligentes pour minimiser le montant qui vous sera confisqué par […]
[…] do you, like John Kerry or Bill and Hillary Clinton, take prudent steps to minimize the amount of your income confiscated by […]
[…] do you, like John Kerry or Bill and Hillary Clinton, take prudent steps to minimize the amount of your income confiscated by […]
[…] MSNBC also has trouble obeying tax laws. At least Bill and Hillary Clinton have figured out how to legally dodge taxes while endorsing higher burdens for the rest of […]
[…] Best of all, you can be a complete hypocrite. Even if you’re in the public eye, like Hillary Clinton, that’s apparently no obstacle to behaving in one way and then insisting that the rest of us do the opposite. […]
[…] It’s particularly hypocritical for the Clintons to support the death tax on others while taking steps to make sure it […]
[…] It’s particularly hypocritical for the Clintons to support the death tax on others while taking steps to make sure it […]
[…] I realize we’re all shocked that politicians like Hillary prevaricate and […]
[…] I mocked both her and her husband that same year for plotting to minimize their tax burden, but I was simply calling attention to […]
censorship……………………………… imagine that………………………………..
more insight into Hillary’s character… and the mindset of her supporters…
Former 12-Year-Old Victim: Hillary Clinton Took Me Through Heck…
Liberals Attack Victim for Speaking Out Against Hillary Clinton…
info at:
http://www.frontpagemag.com/
let’s try this………………………………………..
“Your comment is awaiting moderation.”
this is new………………………………………….
more insight into Hillary’s character… and the mindset of her supporters…
Former 12-Year-Old Rape Victim: “Hillary Clinton Took Me Through Hell”
http://www.frontpagemag.com/2014/dgreenfield/former-12-year-old-rape-victim-hillary-clinton-took-me-through-hell/
“Liberals Attack Rape Victim for Speaking Out Against Hillary Clinton”
http://www.frontpagemag.com/2014/dgreenfield/liberals-attack-rape-victim-for-speaking-out-against-hillary-clinton/
They promote the cause of redistributing hundreds of billions. They get paid a few tenths of million. Its a fair compensation and a fair deal – hypocrisy or not. I’ll vote for them. Take $4 from people who are more intelligent, more competent, or simply harder working than I am, keep a few pennies, hand out $2 to cronies and then finally $1 to me, to insulate me from my mediocrity and so that I can sustain my top 5% worldwide standard of living as a member of the American middle class. At an American growth trendline of 2% annually, in a world riding a 4% growth trendline, it can last forever. Can’t it?
the politically connected do well… Joe Biden goes to Ukraine… and because of his wisdom… and his intimate knowledge of the Russian/Ukrainian dynamic… the man of peace… and extraordinary judgment… persuades the largest gas company in Ukraine to hire his son Hunter Biden as member of it’s board… of course this helps insure continuing support from NATO… and expedites the flow of American tax dollars into Ukraine…………….. or so the principals believe…
and just think… both Hillary and Joe are planning a run for presidency…
kinda gives you goose bumps…. don’t it?
They were not “dead broke” when they left the White House. They were morally bankrupt.