1% Of Americans Have $50 Trillion In Wealth Shouldn't They Start Paying Taxes

[DanieRains]

I guess no one in the White House Press Corps could ask this question.

A bunch of kids at the border fleeing for their lives from corrupt Narco States is a million times as important.

Do they all work for Fox?

[JHB]

1. Everyone in the WH Press Corps is in the 1%

No mystery about their priorities.

[Kid Berwyn]

2. Media Horse

Media Millionaires

Journalism by and for the 0.01 Percent

Fairness & Accuracy In Media

EXCERPT...

The media business outstrips other industries in generously compensating its top executives (New York Times, 5/5/13), and those resources could of course be put to better use by hiring reporters. But that’s not the way the system works. And it’s not just the bosses getting rich. Indeed, many high-profile members of the media elite live a rather charmed life. The journalism business looks to be in a disastrous state—but the view from the top is just fine.

SNIP...

David Gregory

As host of NBC’s Meet the Press, David Gregory is paid to quiz politicians on the tough issues of the day. But he offers his own opinions on the show, too; he’s encouraged the Obama White House to propose “big spending cuts” in order to confuse Republicans (1/27/13; FAIR Blog, 1/29/13). He thinks the White House should have done more to have a “moment in the Rose Garden” with a few corporate CEOs (11/11/12; FAIR Blog, 11/13/12), and demanded to hear more from the White House about the “hard choices” Americans must make to get by with less (1/29/12). He worried about the problem of Occupy activists “demonizing Wall Street” (10/10/11). He expressed concern that the more people criticize big banks, “the closer you get to wiping out the shareholder completely”—a person “who is not just a fat cat” (2/22/09).

In that sense, Gregory is reflecting what passes for conventional wisdom in corporate media—but also among people in Gregory’s economic class. His salary is not disclosed, but his predecessor, Tim Russert, reportedly made more than $5 million a year (Washington Post, 5/23/04). As Politico reported (3/15/12), Gregory was seeking membership in the exclusive Chevy Chase Club, which requires an $80,000 “initiation fee.” Gregory was sponsored by a couple of Washington-area real estate moguls.

SNIP...

In 2013, Gregory made gossipy news in Washington after apparently becoming incensed about a parking situation near his home (Washington Post, 4/10/13). Visitors to the D.C. Design House, an architectural showcase to benefit the Children’s National Medical Center, were evidently clogging up the streets near Gregory’s home. According to one of the designers, Gregory came to the house to very loudly complain on the front lawn. Witnesses claimed that Gregory yelled something about knowing “all the politicians in town,” which the anchor denied.

CONTINUED with Links and professional profiles on the likes of Thomas Friedman, Fareed Zakariah, Chris Matthews, Bill O'Reilly...

http://fair.org/slider/cover-story-media-millionaires/

[SWBTATTReg]

3. YES! This is an asset which was never taxed yet. The tax code currently assumes that assets must

be sold prior to incurring any kind of income tax. And then, even worse, w/ the republicans pushing for the end of the estate tax, these assets are never taxed. NEVER. Not fair at all. If people representing us in Washington DC want to help the common person on the street (more income etc.), then the tax code should be totally reversed, that is, tax the stock as though it's a person, subject it to an income tax, etc. and treat individuals like corporations, and never tax them.

I suspect that the government would receive equivalent tax revenues (or more) in treating corporations actually like people (and individuals like corporations). People will thus never generate any kind of capital gains or revenue.

[maxsolomon]

4. They do pay what their accountants cannot figure a way out of.

The IRS has been hobbled, deliberately, by the GOP to take away their ability to investigate and enforce.

Let's start with Trump's 73 million dollar tax refund that has sat in the "Joint Committee on Taxation" for 8 years.

[Xoan]

5. 49 trillion would be a great start.