Our
Education section is an undiscovered gem. And it is
definitely not a
compilation of boring academic essays but a riveting look at the
serious
problems facing our education system. Take a moment to check it
out.
About Advertising
Click
Advertise Here for more details about our great advertising
rates.
IMPORTANT
NOTE
If running Norton Internet Security (NIS), please
temporarily disable it to enjoy the rich graphics of this
site.
Evading Taxes
Liberals Who Hate Paying High Taxes
By Daniel Muniz
Much of left wing politics asserts that the government ought to be
responsible for creating wealth instead of it being made from free
enterprise. Many liberals feel that only a socialist economy will
have the public’s best interest in mind for the common good instead
of private sector companies whose shareholders only seek profit and
personal gain. In fact, they envision eradicating world poverty by
advocating that economically successful countries redistribute their
wealth, especially from high taxes, to impoverished nations.
Quite a few rock stars, Hollywood entertainers, and other
celebrities subscribe to this point of view. They are involved in
numerous charities and they use their celebrity status to publicize
the need to change the public policy of a number of countries,
including the United States. In addition, the media gives plenty of
favorable press coverage to these activists particularly when they
deride the disparities between rich and poor countries.
Perhaps the most prolific activist is Bono of the rock band U2.
Bono travels the world talking to government leaders and legislators
of the wealthiest nations in a bid to persuade them to devote more
foreign aid to fight global poverty and end world hunger. Bono, as
well as other celebrities, ardently believes that these rich
countries ought to impose higher taxes to their top income brackets
and on big corporations so that the monies that are generated can be
reallocated to the countries that need it the most. For a lot of
these activists, a higher tax is the solution to many of the world’s
problems.
Incidentally, U2 is also one of the world’s most monetarily
successful bands in the music industry. The revenues they derive
from their merchandise and royalty payments are gargantuan.
However, instead of gleefully rejoicing that their native Ireland
taxes their phenomenal wealth at a higher rate, U2 has quietly moved
their financial operations to the Netherlands where royalty payments
are nearly tax free. Consequently, ordinary people in Ireland will
not be enjoying U2’s contribution to their public interest or in
furthering their common good. Additionally, Ireland’s role to
eradicate global poverty and to end world hunger will greatly be
diminished because one of their top income producing corporations,
U2 Limited, will no longer be available to be taxed.
U2 isn’t alone because the Rolling Stones as well as other
financially successful European bands and celebrities have been
doing the exact same thing for years. In fact, the Netherlands is an
extraordinary tax haven for rich European celebrities who want to
escape the high taxes that many European nations impose on its
citizens. And besides, the Netherlands is a far safer financial
environment to shield enormous wealth from taxation since it is a
modern stable member of the European Community instead of the shady
governments of Caribbean islands.
This strategic decision by U2 for a better tax treatment was
prompted by Ireland raising its taxes on royalty income. Apparently
Bono doesn’t like the idea of paying higher taxes to his own
government even though it is for the common good of Ireland as well
as for his country tackling the world’s problems. In fact, he feels
that it is not in the public’s best interest to have access to his
own money through taxation.
U2’s publicist refuses to comment on the matter and this stonewall
silence is common with other European celebrities who do not want to
publicize their hypocrisy.
But what is truly paradoxical is that many left wingers want
economically successful governments to impose even harsher
socialistic policies on their own countries because they feel that
free enterprise is wrong and demented even though the world’s
wealthiest liberals have made their fortunes by adhering to the
principles of the free market. The government didn’t make movie
stars and rock stars filthy rich; it was the free market that did
it.
It is sheer hypocrisy that rich liberals do not want to share their
generous windfall with everyone else or have their wealth heavily
taxed by socialist countries even though they adamantly advocate
that the ordinary person surrenders most of his or her income to the
government. It is unfathomable that these hypocrites want to place
enormous tax burdens on regular people who are already struggling
with their own finances while thinking that they are exempt from the
very same taxes that are needed to solve the world’s problems.
And what is most disconcerting is that the press has hardly brought
this issue to the forefront especially since this has been going on
for quite a while by other rich European celebrities.
Oftentimes, left wing politicians love to soak up generous media
time castigating rich conservatives who made a fortune off of the
free market yet they ignore rich liberals who are evading their
taxes. Class warfare is a popular staple of politics for liberals
because it can easily be used to demonize conservatives about wealth
yet they are reluctant to bludgeon fellow left wingers with it.
Apparently, being rich and conservative is wrong while being rich
and liberal occupies the high moral ground even when you are
skipping out on taxes.
It is time for this hypocrisy to come to an end. European
celebrities love the egalitarian ambitions of their socialistic
governments except they don’t want to pay for it with their own
money although they are demanding that everyone else foot the bill
for a Utopian society. It is time for them to feel the pain that is
involved in emptying out your wallet to your own government. If not,
that is fine but don’t go preaching to the world that everyone else
must pay through the nose to satisfy a celebrity’s vision of world
peace.
We want your opinion! Tell us what you thought about
this article. Click the
Your Feedback menu item to send us
your comments.
Any opinions or views
expressed herein belong solely to the author and does not represent
any employer, organization, political party, governmental agency, or
any other entity and do not necessarily reflect the views of the
site owner or its participants.
Premium Ad
Announcements
Our
Miscellaneous section is our feature that covers offbeat
stories as well as our personal musings on just about anything.
Take a five minute break and check it out.