This week, liberals went into a tailspin over the news that Burger King announced a merger with Tim Horton’s, a Canadian based restaurant group, and was relocating its headquarters to Canada (pending approval from Canadian authorities). Liberals quickly erupted at the news of a for-profit company moving across the border to reduce expenses, particularly to reduce their corporate tax burden. Think Progress posted an article entitled “Burger King’s Move To Dodge American Taxes Not Going Over Well.” In this article the author notes “The top comment on the store’s most recent post includes a promise to ‘NEVER step foot in another Burger King again.’ It has 1,251 likes as of this writing.” USA Today pondered the future of Burger King with the story “Will Burger King get burned by Canada move?” ABC News even got into the act posting a story that stated “Controversy Erupts Over Burger King’s (BKW) Move.”
Behind this tailspin is the liberal belief that the payment of taxes is in direct congruence to a corporations or individuals level of patriotism. The higher percentage of taxes one or a corporation pays, the more patriotic that particular individual or corporation becomes. This belief is quite popular with liberals, especially rich Hollywood elites.
According to Fox News, Will Smith has stated he was supportive of the idea of the rich paying more as “America has been fantastic to me. I have no problem paying whatever I need to pay to keep my country going.” In addition, Jay-Z has noted “most people with a conscience and … some integrity and moral fiber wouldn’t have a problem paying more taxes.” Mark Zuckerberg, founder of Facebook, stated in a townhall meeting with Obama in which the idea of raising the tax rate on the wealthy was raised “I’m cool with that.” Author Stephen King went as far to state it was a “practical necessity and a moral imperative” for him to pay more in taxes. Other celebrities that support the raising of taxes on the wealthy include Eva Longoria, Chris Rock, Matt Damon, Ben Affleck, Michael Moore, Rosie O’Donnell, Chelsea Handler, and a host of other Hollywood elites and millionaire investors.
One such investor, billionaire Warren Buffett has been so vocal about raising the taxes on the rich he even has a “rule” named after him as part of Barack Obama’s plan on taxation. This tax rule (the Buffett Rule) would mean anyone making more than $1M annually would have to pay a minimum tax rate of 30%. According to Whitehouse.gov website this rule would “limit the degree to which the best-off can take advantage of loopholes and tax rates that allow them to pay less of their income in taxes than middle-class families. Anyone who does well for themselves should do their fair share in return, so that more people have the opportunity to get ahead—not just a few. And at time when we need to pay down our deficit and invest in the things that help our economy grow and keep our country safe—education, research and technology, a strong military, Medicare and Social Security—giving tax breaks to millionaires simply doesn’t make sense.”
News broke after the announcement of the merger between Burger King and Tim Horton’s that Warren Buffet’s company will help finance the deal. Liberals have been somewhat silent on their favorite billionaire financing a deal that will lead to an American company becoming a Canadian company to reduce their corporate tax burden. President Obama has denounced deals where companies who move from the United States to another country to lower their corporate tax rate in the past. According to Forbes, Obama has called for “economic patriotism” and labeled such companies as “corporate deserters.” However, the White House has been silent regarding this move and Buffett’s involvement.
Hypocrisy is ripe regarding this entire concept of economic patriotism. Warren Buffett’s involvement and the White House’s silence on the matter is obvious hypocrisy. However, every wealthy liberal who promotes the idea that the rich should pay more taxes is also an outright hypocrite.
Anyone who believes they do not pay enough taxes can pay more to the federal government. If one wishes to pay 30% to the government, they can pay 30%. If they wish to pay more, they simply can pay more. Treasury Direct, a website for kids within the Treasury website notes how one can pay the government directly to reduce the national debt. According to Treasury Direct “The Bureau of the Public Debt may accept gifts donated to the United States Government to reduce debt held by the public. Acting for the Secretary of the Treasury, Public Debt may accept a gift of: Money, made only on the condition that it be used to reduce debt held by the public.”
Thus, one can actually gift money to the government for the sole purpose of reducing the national debt, i.e., one can make a donation to the federal government. The Bureau of Public Debt will accept donations for the purpose of reducing the national debt and one can do so electronically at Pay.gov or send a check to the Bureau of Public Debt.
Thus, Will Smith, Steven King, Matt Damon and others can pay as much as they want to pay to the federal government right now as I type this essay. Any of these wealthy liberal elites can help pay down the national debt with a gift immediately. Yet, to my knowledge, not one of these pro-tax the rich liberals have done so. If rich liberals think millionaires and billionaires should pay their fair share, why not set the example and pay more than their accountant tells them they owe? To these rich liberals one can only say “write the check.” Until such liberals do, they are simply hypocrites.