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Showing posts with label Taxpayers. Show all posts
Showing posts with label Taxpayers. Show all posts

12/27/19

USA: Trump’s Mar-A-Lago Winter Vacation Pushes Taxpayer Golf Tab Above $118 million

President Donald Trump has pushed his taxpayer-funded golf tab past $118 million on his 26th visit to Mar-a-Lago, his for-profit resort in Palm Beach, Florida, with a Saturday visit to his course in neighboring West Palm Beach.

The new total is the equivalent of 296 years of the $400,000 presidential salary that his supporters often boast that he is not taking.

And of that $118.3 million, at least several million has gone into Trump’s own cash registers, as Secret Service agents, White House staff and other administration officials stay and eat at his hotels and golf courses.

Read more at: Trump’s Mar-A-Lago Winter Vacation Pushes Taxpayer Golf Tab Above $118 million | HuffPost

3/6/14

Economy: Entitlements? The rich get far more of them than anyone else does - by Michael Rappaport

The party could be over
"Entitlement" isn't the dirty word conservatives would have you believe.

It isn't just about food stamps or Medicaid or other benefits for the poor. At its most basic level, an entitlement is something to which someone has a right, either by law or by the fact of earning it.

Of course, when people use the word in a derogatory way, it always involves something being done for the poor or the middle class.

In many first-world countries, the rich don't begrudge help that is given to the poor. In Sweden, for example, the attitude is that all members of society — all the people who call themselves Swedish — have in some way contributed to the general welfare.

And even if they haven't, they are still part of the national family and worthy of respect.Makers and takers?\ Not there.

A bad thing to help others, as Ayn Rand suggested?  Not there or in most other countries in which people consider themselves free.

In this country, not only do we take a far different attitude toward helping people — the "deserving poor," for one — we act as if even without our help, the poor are still better off than most of the rest of the world.
Several clueless plutocrats, among them the Koch brothers and Bud Konheim (CEO of Nicole Miller), cited the median US income of $35,000 as a very good thing.

Konheim especially. "We've got a country that the poverty level is wealth in 99 percent of the world. So we're talking about woe is me, woe is us."

He then suggested that anyone unhappy with a $35,000 income should move to a poorer country where they would be better off.

Others talk about how good poor people have it, with air conditioning, cellular phones and big-screen televisions. But that doesn't mean they have better lives than the middle class in Europe, Australia, Canada or even some Asian and South American countries.

It's all part of the mythology. When I was 9 or 10 years old in the late 1950s, one thing my mother used to say to get us to eat everything on our plates was that there were children starving in Europe.

There had been, shortly after the war, but that was 10 or 12 years earlier.

Yes, we have been doing more for the poor and the elderly in our society, but look back over the same period of time and you'll see more and more being done for the rich.

Subsidies for corporate agriculture, subsidies for tobacco farmers (even as we try to eliminate smoking), subsidies for oil companies (even as they are making record profits), subsidies for defense contractors to build weapons we don't need or want.

Reducing income taxes for the rich, trying to eliminate the estate tax ...

Get the picture. We do far more for the folks who supposedly are succeeding on their own than for those who really need help.

It used to be that it paid off in them re-investing in their companies or starting new businesses, but now they just keep it or spend it on themselves. Hey, ask them and they'll tell you.  They're entitled.

Read more: Entitlements? The rich get far more of them than anyone else does

5/20/13

New EU law to mean no more taxpayer bailouts

A European Union law up for a vote today will only fully shield taxpayers from bailing out troubled banks if there is a global framework as well, a top UK regulator said.

Bank of England Deputy Governor Paul Tucker said the EU law on bank recovery and resolution would be a milestone towards a global system and help convince markets that governments were no longer willing to rescue "too big to fail" lenders.

Since governments had to shore up banks during the 2007-09 financial crisis, regulators have wanted to stop markets assuming big banks would not be allowed to go out of business.

The European Parliament's economic affairs committee holds a first vote in Strasbourg, France at 1830 GMT. It has joint say with EU states on the law that gives regulators powers to impose losses on creditors, replace management and take other steps when a bank gets into trouble.

Read more: BUSINESS WORLD - EU law to mean no more taxpayer bailouts

9/17/12

European Royalty: Topless photos of Princess Kate spread across Europe and beg the question: Can we afford this costly "Royal Disney World" ?

Photographs of a topless, sunbathing Princess Kate Middleton have now been published in tabloids in France, Ireland and Italy, with the British royal family using all possible means in both the court of law and court of public opinion to tamp down images' seemingly inexorable spread.

Meanwhile, apparent insinuations by Closer magazine's editor that photos of the couple having sex were also taken, have one Internet porn site offering a blank check to anyone with the footage.]

On Monday, an Italian gossip magazine owned by former Premier Silvio Berlusconi published a 26-page spread of topless photos of Prince William's wife Kate despite legal action in France against Closer, the magazine that published them first.

Note EU-Digest: European Royalty should more than anyone else be aware that they can not behave like the average "Joe Bloke" in Public. They have been given a privileged position with a lot of perks,  including being tax exempt, and let's face it, they basically produce very little except maybe a lot of "fodder" for the Paparazzi.  Maybe it's time for European Governments, which are using taxpayers money to support  their Royal families luxurious lifestyle to look more closely at this costly "Royal Disney world"? Their time might have come and gone?