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'Bond Villain' Jeff Bezos Claims 'You Could Double the Taxes I Pay' and It Won't Help Anyone
"Too much money contorts any human being," said one critic of the Amazon founder.
May 20, 2026
Amazon founder Jeff Bezos drew ridicule on Wednesday after he claimed that doubling the amount of taxes he pays wouldn't be beneficial to society.
During an interview on CNBC, journalist Andrew Ross Sorkin asked Bezos about arguments made by Sen. Elizabeth Warren (D-Mass.) that the super-rich have lower effective tax rates than average Americans given how much of their wealth comes from unrealized capital gains and not traditional income earned through actual labor.
"I pay billions of dollars in taxes," replied Bezos, whom Forbes estimates is worth $267 billion. "If people want me to pay billions more, then let's have that debate. But don't pretend, you know, that that's going to solve the problem. You could double the taxes I pay, and it's not gonna help that teacher in Queens, I promise you."
Bezos on CNBC: "You could double the taxes I pay, and it's not gonna help that teacher in Queens. I promise you." pic.twitter.com/ocbf34XZhA
— Aaron Rupar (@atrupar) May 20, 2026
A 2021 investigation by Pro Publica found that Bezos' effective tax rate of less than 1% between 2014 and 2018, as he paid a total of $973 million in taxes over a period in which his net worth grew by $99 billion.
As explained by the Institute of Taxation and Policy (ITEP), this effective tax rate was "significantly lower" than the tax rate paid by middle-class Americans over that period.
"There were multiple years where Bezos paid nothing at all in income taxes," ITEP noted. "While having billions of dollars of wealth, Bezos consistently avoided income tax by offsetting earned income with other investment losses and various deductions, all while Amazon stock was rapidly rising."
Democratic congressional candidate Melat Kiros in Colorado suggested Bezos had a point about taxation—"because we tax income, not wealth.
"Bezos takes out a tiny salary, pays the income tax, and lives off loans borrowed against his stocks, basically tax-free," said Kiros. "They all do this and now 935 billionaires hold more wealth than 170 million Americans. It’s time to tax wealth."
Melanie D'Arrigo, executive director of the Campaign for New York Health, took issue with Bezos' claim that doubling his taxes would produce no benefits.
"Jeff Bezos paid $500 million for his super-yacht and $75 million for his super-yacht’s mini-yacht—both of which he’s allowed to write off on his taxes," she wrote in a social media post. "That alone would cover $180 in classroom supplies for every public school teacher in the US."
Craig Harrington, research director at Media Matters for America, marveled at how out of touch Bezos seemed to be.
"There’s a funny thing about being uber wealthy," he observed. "They get so rich that they lose all sense of place, they essentially manifest as stateless people with no connection to or understanding of the world outside their private airports and resplendent villas."
Journalist and screenwriter David Simon expressed a similar view of the impact of immense wealth on Bezos' psyche.
"Too much money contorts any human being," Simon wrote. "And what was once a man is now, for the rest of the world, a fully metastasized cancer."
Author Hemant Mehta, meanwhile, simply wondered if Bezos "auditioning to be the next Bond villain."
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'Stuttering Speechlessness' by Jim Cramer Seen as Telling Reaction to Suspicious Trump Stock Trading
"Cramer here is having what should be the normal reaction to Trump actively insider trading on his own decisions," said journalist Ryan Grim.
May 18, 2026
One of Wall Street's most recognizable gurus, Jim Cramer, became notably tongue-tied on Monday after President Donald Trump’s recent stock-trading spree entered into a televised conversation with his colleagues on CNBC.
Disclosures published by the US Office of Government Ethics last week revealed that Trump in the first quarter of 2026 carried out over 3,700 stock transactions, including over 30 stock purchases worth $1 million or more.
As noted by The Financial Times, Trump's investments included transactions involving Tesla, Nvidia, Apple, Meta, Visa, Citi, Boeing, Qualcomm, and GE Aerospace, whose executives all accompanied the president on his trip to China last week.
When CNBC co-host Carl Quintanilla brought up these trades during Monday's edition of "Squawk on the Street," Cramer spent ten straight seconds mumbling incoherently.
This promoted co-host David Faber to reassure viewers that "we're not having technical difficulties here," even as Cramer appeared to short circuit.
OMFG the CNBC anchors were puffing up the value of chipmaker Intel, they brought up Trump doing personal trades in the stock, and Jim Cramer stuttered for 15 seconds straight and then was quiet.
Was Cramer shocked by the corruption or mad Trump was picking better stocks? pic.twitter.com/oCl3ypNids
— Matt Stoller (@matthewstoller) May 18, 2026
Journalist Ryan Grim said that Cramer's reaction to mention of Trump's trades was understandable given that some of the companies whose stocks he traded have been direct beneficiaries of the president's illegal war with Iran and other policies.
"Cramer here is having what should be the normal reaction to Trump actively insider trading on his own decisions," remarked Grim. "Just sputtering speechlessness."
Journalist Judd Legum on Monday published an analysis of the Trump stock trades in which he identified multiple instances where the president purchased stocks of companies shortly before—or in some cases, on the exact same day—that he publicly singled them out for praise.
Specifically, Legum found that Trump bought tens of thousands of dollars' worth of shares in biotech firm Thermo Fisher Scientific on the same day he took a tour of one of its manufacturing facilities, and hundreds of thousands of dollars' worth of shares in Apple on the same day he delivered a speech calling it "a great company," while saying then-CEO Tim Cook has "done a good job."
Trump also bought up shares in Micron Technology and then described it as "one of the hottest companies" during an interview with Fox News just one day later.
And nine days after buying millions of dollars' worth of shares in Dell, Trump delivered a speech in Georgia where he told his audience to "go out and buy a Dell computer."
In analyzing the trades, Legum explained how Trump has destroyed any remaining guardrails preventing US presidents from using their office to personally enrich themsleves.
"If Trump wanted to legally remove himself from investment decisions he could do so by creating a qualified blind trust," Legum wrote. "Instead, before returning to the White House, Trump transferred his assets in a trust that is managed by his son, Donald Trump Jr. There are no legal or practical barriers preventing Trump from being involved in the management of his assets."
Rep. Dan Goldman (D-NY) warned Trump that details of his assorted stock trades would eventually come to light.
"This smells like blatant and criminal insider trading," Goldman wrote in a social media post. "Even worse, Trump is personally profiting off of his illegal deportation dragnet. Since we know congressional Republicans will pretend like they never saw this and won’t do a thing, anyone involved in these trades should preserve their records for my investigation in January 2027."
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In Lie-Filled Interview, Top GOP Lawmaker Falsely Claims Gas Was $6 a Gallon Under Biden—It Wasn't
Even Trump-friendly CNBC anchor Joe Kernen jumped in to fact-check false claims by House Majority Leader Steve Scalise.
Apr 30, 2026
A top Republican in the US House of Representatives on Thursday lied so blatantly that even a Trump-friendly CNBC host felt compelled to fact check him.
During an appearance on CNBC's "Squawk Box," House Majority Leader Steve Scalise (R-La) defended Republicans' management of the US economy, which is currently experiencing an oil price shock thanks to President Donald Trump's illegal war of choice with Iran.
Scalise predicted that Republicans would hold onto their narrow House majority in the November midterms, and then falsely claimed that gas prices today are lower than they were two years ago when former President Joe Biden was still in office.
"People will remember, two years ago, we were paying almost $6 per gallon of gasoline, right now it's in the [$3 range]," Scalise falsely claimed. "Obviously, we've seen a jump with the Iran conflict..."
At this point, host Joe Kernen, a longtime Trump golfing buddy, interjected.
"When were we paying $6 [per gallon]?" Kernen asked.
"Two-and-a-half years ago," Scalise replied.
"That wasn't the average price," Kernen said.
SCALISE: We've delivered. People will remember that two years ago, we were paying almost $6 a gallon for gas. Right now it's in the $3s
KERNEN: When were we paying $6?
SCALISE: Two and a half years ago
KERNEN: That wasn't the average price
SCALISE: We are lowering inflation… pic.twitter.com/xPD172NdYq
— Aaron Rupar (@atrupar) April 30, 2026
According to data collected by AAA, the average price for a gallon of gas in late October 2023 was $3.53 per gallon, or nearly $0.80 lower than the current average price of $4.30 per gallon.
Scalise also said that gas prices would drop at the end of Trump's illegal war with Iran, which he falsely claimed was close to developing a nuclear weapon.
"Did anybody want a nuclear-armed Iran?" Scalise said. "I think if you ask most normal people, they would say absolutely not... they were about to get a nuclear weapon, and President Trump stopped that."
US Director of National Intelligence Tulsi Gabbard testified under oath before the Senate Select Intelligence Committee last month that Iran’s nuclear weapons program had been “obliterated” by US-led airstrikes that were launched last year, and that there “has been no effort since then to try to rebuild their enrichment capability."
After lying about Iran's nuclear weapons program, Scalise pivoted to making more false claims about the economy.
"So if you look across the board, we are lowering inflation, interest rates are starting to come down," he said. "They're not where we want them to be, by the way, we have a lot of work to do, but do you want to go back to the days when interest rates were in double digits?"
Inflation has been going up in recent months, not declining. The US Bureau of Economic Analysis on Thursday released data showing that the core personal consumption expenditures (PCE) price index rose to 3.2% in March, the highest level since November 2023.
In 2024, Trump campaigned on immediately ending inflation in the US economy, going so far as to promise grocery prices would fall beginning on his first day in office.
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'What Stage of Corporate Media Is This?': CNBC Anchor Mulls Investor 'Upside' of Trump Genocide Threat
One observer called Sara Eisen's Iran War remarks a "glorious time capsule of this broken moment we are in."
Apr 09, 2026
CNBC anchor Sara Eisen was dragged on social media this week for on-air comments asking whether US President Donald Trump's threat to destroy Iran's civilization is good for investors.
As the US-Israeli war of choice on Iran and the Iranian military's closure of the Strait of Hormuz—through which around 20% of the world's oil is shipped—fueled volatility in global markets, Trump issued an ultimatum to Tehran: reach an agreement to reopen the vital waterway by Tuesday night, or “a whole civilization will die tonight, never to be brought back again."
While much of the world recoiled in horror at Trump's explicitly genocidal threat, Eisen, who co-hosts the cable business news network's "Squawk on the Street" program, opted for a different angle.
“This deadline that President Trump has set, 8:00 pm, has threatened to destroy a civilization. How does an investor process that?" she asked Tuesday. "Is it a bigger upside risk or downside risk?”
Reactions ranged from incredulity to outrage.
Journalist and writer Charlie Warzel called Eisen's remarks a "glorious time capsule of this broken moment we are in."
David Sirota—whose Oscar-nominated 2021 satirical comedy Don't Look Up skewers vapid TV hosts who filter the existential threat of an imminent comet impacting Earth through a profit-driven lens—asked, "What stage of corporate media is this?"
(Video by YouTube)
Eisen's comments are part of a societal landscape in which the price of a gallon of gasoline is a bigger concern for Americans than the US-Israeli slaughter of hundreds of Iranian children.
Numerous news and analysis articles lauded the profit potential of the Iran war. So have some Republican politicians.
“When this regime goes down, we’re gonna have a new Mideast,” US Sen. Lindsey Graham (R-SC) told Fox News last month. “We’re gonna make a ton of money."
Big Oil—which invested $445 million in electing Trump and other Republicans in 2024—and fossil fuel executives are doing just that, cashing in on the war with record-setting stock sales.
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'Living in a Fantasy World': Critics Pounce as Trump's CNBC Interview Goes Off the Rails
"The racism here is on steroids," said one critic about Trump's statements on immigrant farmworkers.
Aug 05, 2025
U.S. President Donald Trump gave a lengthy interview to CNBC on Tuesday and critics quickly pounced on the president for telling a large number of false claims on topics ranging from monthly jobs numbers to the price of gas to international trade agreements.
Toward the start of the interview, CNBC host Joe Kernen pushed back on Trump's claims that the Bureau of Labor Statistics had "rigged" job creation numbers against him and debunked a Trump statement that the BLS had covered up negative jobs data revisions under the Biden administration until after the November 2024 presidential election.
Trump, however, insisted that his statements about hiding downward revisions until after the election were correct even though the biggest downward revisions actually occurred in August 2024, well before the election took place.
Trump is on CNBC making a case that jobs numbers are rigged -- even as MAGA-friendly host Joe Kernen tries to push back pic.twitter.com/9jAkiCDI8h
— Aaron Rupar (@atrupar) August 5, 2025
Commenting on Trump's assertion, Media Matters for America senior fellow Matt Gertz described it as "completely backwards."
"The BLS announcement on November 1 [2024] showed weak growth of 12,000 jobs in October and downward revisions to August/September of 112,000," Gertz explained on X. "Then after the election, the October figure was revised upward. Impossible to tell if Trump is lying, dumb, or sundowning."
Nick Tiriamos, the chief economics correspondent for The Wall Street Journal, similarly said that Trump was "getting his dates wrong" when he asserted a cover-up of negative jobs numbers given that "the big downward revision" was reported before the election took place.
Trump also made also false claims about the price of gas in the United States falling to just $2.20 per gallon, which prompted Kernen to note that the lowest prices he's seen for gas in the U.S. were $2.80 per gallon.
TRUMP: Joe, looking at energy. Energy is down $2.20 cents a barre-- a gallon for a car
KERNEN: I've seen $2.80 pic.twitter.com/6GIfGG5JJf
— Aaron Rupar (@atrupar) August 5, 2025
National security attorney Bradley Moss slammed Trump for his claim about gas prices and added that the latest data show that inflation has been accelerating in recent months as the president's tariffs begin to force companies to raise prices.
"The rest of the country is suffering from higher prices on everything, and this senile old man is living in a fantasy world in which it's simply not happening," he wrote on Bluesky.
Trump proceeded to make false claims about the trade deal he had recently struck with the European Union when he said that the agreement gave him "$600 billion to invest in anything I want." This drew the ire of Steve Peers, a professor of E.U. and human rights law at Royal Holloway University of London.
"Well no, it's a vague, nonbinding, unwritten nonstatement about companies' future investment plans, not cash for him to personally control," Peers commented on Bluesky. "But enjoy your weird demented fantasy, I guess."
Another eye-popping Trump statement came when he tried to defend the use of immigrant labor in the American agricultural industry by claiming that the immigrants had unique physical attributes that were absent from American workers.
"People that live in the inner city are not doing that work," Trump said of the prospects of American citizens picking crops. "They've tried, we've tried, everybody tried. They don't do it. These people [immigrants] do it naturally. Naturally... they don't get a bad back, because if they get a bad back, they die."
Trump on undocumented farm workers: "People that live in the inner city are not doing that work. They've tried, we've tried, everybody tried. They don't do it. These people do it naturally. Naturally ... they don't get a bad back, because if they get a bad back, they die." pic.twitter.com/HxXtKtIPLa
— Aaron Rupar (@atrupar) August 5, 2025
This statement drew the attention of Branden McEuen, a historian at Wayne State University who specializes in teaching about the history of the eugenics movement. Specifically, McEuen linked Trump's statement to past racist beliefs about people of color being genetically predisposed to engage in manual labor.
"Trump saying people of color are naturally suited to farm labor sure sounds a lot like the slaveholders that said slaves were naturally inclined to servitude," he remarked.
SiriusXM radio host Michelangelo Signorile picked up a similar vibe from Trump's statement about farmworkers.
"The racism here is on steroids, as Trump tried to make [the] case to MAGA that farmers need exemptions," he wrote. "[Trump] says brown people do hard labor 'naturally' and don't get [a] bad back, while also saying they've tried to replace them with people 'in the inner city' but they can't get them to do the work."
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FTC Chair Lina Khan Should Take Jim Cramer's 'Unhinged' Obsession as 'Badge of Honor'
A spokesperson for the American Economic Liberties Project called the CNBC host a "mouthpiece and cheerleader for monopolists across the economy."
May 14, 2024
The American Economic Liberties Project on Monday called out CNBC's Jim Cramer for at least dozens of "hostile" televised attacks on Federal Trade Commission Chair Lina Khan and her "historic pro-working families record."
The left-leaning group has been compiling Cramer's "most egregious on-air outbursts" over Khan since early last year and its tracker now features more than 30 clips from "Mad Money" and "Squawk on the Street."
When President Joe Biden nominated Khan to lead the FTC in 2021, she was an associate professor of law at Columbia Law School who had previously worked for the Open Markets Institute, the office of former Commissioner Rohit Chopra, and the U.S. House Judiciary Committee's Subcommittee on Antitrust, Commercial, and Administrative Law.
As the clips collected by the project show, Cramer has described Khan as an "empty suit," "stupid," and a "total hack." The ex-hedge fund manager has also compared the agency leader's views to those of Vladimir Lenin, Karl Marx, and Don Quixote.
Cramer has called out specific FTC actions under Khan—repeatedly blasting a lawsuit against Amazon, a company founded by one of the richest persons on the planet—and broadly accused the "rogue" agency of "torturing all the companies that America likes."
When one of Cramer's colleagues pointed out last October that he has taken "every opportunity to just come back to Khan," he responded, "No, I've missed opportunities and I regret that."
The tracker page states that "if Cramer was accurately reporting what the FTC is doing, he would see that Chair Khan is pursuing a pro-business, pro-innovation, and pro-worker agenda. And he is capable of it: he did, for example, proclaim the FTC's case against Kroger-Albertsons to be strong."
Noting Cramer's praise for Jonathan Kanter, an assistant attorney general at the Department of Justice whom the host has called a "heavyweight" and "rigorous thinker," the page adds that "he is so blinded by his obsession of Chair Khan that he sometimes even rails against her for suits brought by the DOJ and forgets to give the Antitrust Division credit for its work."
American Economic Liberties Project spokesperson Jimmy Wyderko said in a statement Monday that "Jim Cramer's anger over the FTC's enforcement record has turned into a full-blown obsession, launching nearly weekly barbs at Chair Khan with the zeal of a carnival barker defending his turf."
"This has manifested on national cable news through a series of unhinged, incoherent, and often inaccurate rants from Jim Cramer attacking the FTC for standing up to big corporations and delivering kitchen table wins to working families," he continued.
"Given Jim Cramer's role as mouthpiece and cheerleader for monopolists across the economy, Chair Khan should consider his harassment a badge of honor," Wyderko added. "We hope to see Jim Cramer get over his fixation syndrome, which is evidently even starting to frustrate his colleagues, as soon as he is able."
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CNBC Anchor Accuses UAW Leader of 'Class Warfare' for Fighting for Workers
"Record profits mean record contracts," said United Auto Workers Shawn Fain. "They've been competitive on our backs and it's time they pay up."
Aug 04, 2023
Labor advocates said Thursday that United Auto Workers president Shawn Fain is clearly "doing something right" after CNBC anchor Jim Cramer unleashed a diatribe targeting the labor leader over his ambitious demands for a new contract and his stark assessment of the "corporate greed" that's left union members struggling to make ends meet.
Cramer has spoken multiple times on CNBC in recent days about the ongoing negotiations between the UAW and the Big Three automakers—Ford, General Motors, and Stellantis—and has called Fain "frightening" for advocating for a wage increase to reflect the record profits the companies have reported in recent years.
Fain has been "talking about capitalism and the nature of capitalism and how it's really hurt workers," said Cramer, who compared him to influential former UAW leader and civil rights activist Walter Reuther—"as if it's a bad thing," noted one journalist.
Fain, who was elected to lead the union earlier this year, announced members' demands earlier this week in a speech broadcast on Facebook Live, highlighting the need for a significant pay raise to make up for years of concessions by the union following the Great Recession, the rising cost of living and inflation, and to match pay increases enjoyed by the CEOs of the Big Three.
"Big Three CEOS saw their pay spike 40% on average over the last four years," said Fain. "We know our members are worth the same and more."
Ahead of a September 14 deadline, after which the UAW could go on strike, the union is demanding an immediate 20% pay raise followed by an additional 5% raise in each year of the four-year contract.
According to the union, most new workers start out making $16 per hour, but if cost-of-living increases had been maintained since the Great Recession, the starting wage would be $28.68—about $21,000 more per year.
The union is also calling for a return of the defined benefit pension, which would give retired workers a set amount of money each month; the right to strike if a company threatens to close a plant; more paid time off; restored cost-of-living allowance increases; and other provisions.
Fain also spoke about the potential to shift to a 32-hour workweek to allow workers to spend more time with their families.
"Our members are working 60, 70, even 80 hours a week just to make ends meet—that's not a living," Fain said. "We have to work longer and harder to maintain the same standard of living... That means missing Little League games and family reunions."
"That's barely surviving, and it needs to stop," he said.
Cramer took issue with Fain's suggestion that Big Three shareholders and CEOs have been "overly rewarded" and scoffed at the notion that shareholders are "fat cats."
"That's class warfare and it's very shocking to hear class warfare," said Cramer.
In his address earlier this week, Fain said the automakers can "easily" afford to substantially increase workers' wages. The companies have made a quarter of a trillion dollars in North American profits over the past 10 years, and reported a combined $21 billion in profits in the first half of this year.
"Record profits mean record contracts," said Fain. "They've been competitive on our backs and it's time they pay up."
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The CNBC Republican Debate: Bring In the Clowns
Oct 29, 2015
The CNBC Republican presidential debate last night opened with a startling bolt of straight talk: "We are on the verge, perhaps, of picking someone who cannot do this job," said Ohio Governor John Kasich, ignoring the inane moderator request that the candidates begin the debate by naming their biggest weakness.
"I've watched to see people say that we should dismantle Medicare and Medicaid and leave the senior citizens out - out in the - in the cold. I've heard them talk about deporting 10 or 11 [million ]- people here from this country out of this country, splitting families. I've heard about tax schemes that don't add up, that put our kids in a deeper hole than they are today."
Donald Trump sniffed dismissively: "[Kasich] was such a nice guy. And he said, oh, I'm never going to attack. But then his poll numbers tanked... And he got nasty."
Straight talk never had a chance after that. Kasich began looking like the drunk railing at the end of the bar. And the debate veered into the wingnut fantasies about 10 percent flat taxes (Ted Cruz, Ben Carson), government so small "I can barely see it" (Rand Paul), corporations and markets that somehow self-regulate (virtually everyone), the liberal media and government as the root of all evil (unanimous).
Horse Race Musings
The talking heads, of course, focus on winners and losers. Since more people hear about the debate than watch it, the media's consensus usually congeals into the public takeaway. By this measure, the second team - Marco Rubio and Ted Cruz - will likely enjoy a bump from the debate. Both stayed on message and roused the crowd with assaults on the moderators and mainstream media (the Democrats' real super PAC, Rubio charged).
Jeb Bush fared worst, getting schooled by Rubio, providing a punch line for Chris Christie, and generally looking like he wished he were doing other "cool things." Carson and Donald Trump, the front-runners, didn't make much impact. Mike Huckabee had good moments defending Social Security and comparing the government to the runaway military blimp in Pennsylvania. Paul and Carly Fiorina faded.
More interesting is the measure of who wins and who loses. It isn't the person with the most sensible policy ideas or the most compelling record. It isn't the truth-teller. Winners are those who "stay on message," who "score points" against their opponents, who are glib and facile in the heat of debate. Carson utters lunacy with a somnambulant calm that seems effective. Rubio deals adroitly with his ruinous personal finances, his flip-flops on policy, his lies about his tax plan, his pervasive shallowness, and so is crowned the night's winner.
The Populist Right
These Republicans - other than Jeb - have learned to appeal to the populist temper of the times. They are most compelling as they detail the decline of the middle class, the rise of the 1 percent, the stagnation of incomes. They rail about our corrupted politics, about crony capitalism, big corporations using big government to crush the little guy. They condemn loopholes and tax lawyers. Cruz pledges that under his tax plan, "hedge fund millionaires" will pay the same rate as their secretaries (not to mention that they will pocket an obscene tax break in the process). When talking about little guy, these folks sound like Bernie Sanders proteges; they feel the Bern.
Of course, their answer to all this is to savage government. Big government (not counting the military) is the root of all evil. Their tax plans (and imperial fantasies) would require the elimination of virtually every function of government while doling out huge tax breaks to the richest Americans. Their regulatory rollbacks would free up the banks, the drug companies, the corporate behemoths, insuring epidemics of fraud and abuse. And except Huckabee and Trump, they seem intent on cutting Social Security and Medicare, adding to our looming retirement crisis.
Missing in Action
Also striking is what is absent from the debate. There is no mention of the shocking decline of our public infrastructure - everything from roads and bridges to water systems - that is increasingly dangerous to our health and costly to the economy. There is not a murmur about deregulated Wall Street blowing up the economy, causing a crisis that doubled the national debt as a percentage of GDP, and savaged the middle class. There is no mention - other than Trump on the stump - of our ruinous trade policies. Only the moderators raise climate change, with Chris Christie offering nonsense in response. This list can go on.
And Kasich is right: these candidates are selling fantasies. They reject arithmetic and confound logic. They can't admit that a flat tax - a tax that lowers top rates - gives the wealthy a massive tax break. They can't admit that a 10 or 15 percent flat tax raises trillions less in revenue. Like incoming House Speaker Paul Ryan, they can't admit that their pledge to cut taxes, balance the budget and expand the military will require gutting the domestic functions of the federal government - from education to disease control.
And somehow, at a time when the rich capture ever more of the wealth, when the profit share of GDP is near record highs and the income share near record lows, they argue that cutting taxes on the rich and accountability on the corporations will magically generate growth. No wonder Kasich, who does believe in addition, is reduced to railing like the drunk at the end of the bar.
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