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Wealthy Democrats love to wax poetic on the virtue of high taxes. “The headline is here: I should be paying more taxes, and people who make this kind of revenue and are of means should pay more taxes,” said Howard Schultz, former Starbucks CEO and possible 2020 presidential candidate.
Berkshire Hathaway CEO Warren Buffett has said, “Most wouldn’t mind being told to pay more taxes … particularly when so many of their fellow citizens are truly suffering.”
Not to be outdone, Microsoft founder Bill Gates has declared: “I should be paying more taxes, and people who are in the bracket of making millions of dollars, or whatever the number might be, should be paying more taxes.”
Three of the most powerful people in the world are claiming to be victims of circumstance, hopelessly trapped in a system that just doesn’t take enough of their money. Something is wrong with this picture.
Luckily, FreedomWorks has discovered a solution. Howard Schultz, Warren Buffett, and Bill Gates, along with their many progressive millionaire and billionaire friends, can donate today to help pay off the national debt. It doesn’t require a tax hike; it only requires a bank account, Amazon account, PayPal account, debit card, or credit card.
Why wait for Congress to demand more money? The federal government has a donation page available right now for these economic altruists to lead by example. They can learn more and donate at www.payyourfairsharefirst.com.
Talk is cheap. Unfortunately, the U.S. government can’t cash “shouldas” and “wouldas” at the bank. If Buffet, Gates, and Schultz believe they have a civic duty to pay more taxes, they can donate to the federal government right now.
I’m beginning to wonder why wealthy Democrats haven’t already donated millions to the federal government. Surely, the teams of accountants and lobbyists they hire to avoid paying personal and business taxes are aware of this valuable public service opportunity.
Is it possible they are not being sincere?
After all, Bill Gates led Microsoft while it moved profits offshore to dodge billions of dollars in taxes. Howard Schultz cofounded a venture capital group that invested in a financial firm that helped wealthy people dodge hundreds of millions in taxes.
For decades, Warren Buffett avoided paying billions of dollars in taxes by taking advantage of what is now called the “Buffett Loophole.” He basically invented new ways to avoid paying higher taxes.
To be fair, these men are not the only corporate hypocrites dodging their fair share of taxes. General Electric assembled a “tax planning team” of former employees from the Treasury, IRS, and tax-writing committees in Congress. These public servants helped make the law, then cashed out in the private sector to help lobbying firms and corporations pay less in taxes.
The revolving door of power in the swamp spins and spins. No wonder Fortune 500 companies are so quiet while grassroots America fights to reform the tax code. The big companies have already cut a deal behind closed doors.
Remind me again, which political party is the party of big business? Sorry, Sen. Elizabeth Warren, but the “robber barons” of the 21st century are voting Democrat, not Republican.
When big business colludes with Big Government, it happens at the expense of the rest of us. The only way to drain the swamp is to make government smaller, take power away from the political elite, and give it back to individuals and families.
America works best when government leaves people alone. A lower, simpler tax code would encourage people to invest, save, and create businesses and jobs. Allowing people to keep more of their hard-earned money would encourage them to work more, produce more, and spend more. It would drive short- and long-term economic prosperity.
Yet, Democrats want to force millions of families into a complicated tax code that wastes time and hard-earned money. Why? Because they feel guilty for being rich. The solution to that guilt is a therapist, not a tax hike.
Regular families can’t afford teams of lawyers and lobbyists dedicated to avoiding taxes. We work hard and play by the rules. If Democrats want to punish themselves with extra taxes, they can make a voluntary donation to the federal government and leave us out of it.
So, go ahead, Warren Buffett.
You first, Bill Gates.
Put your money where your mouth is, Howard Schultz.