By Victor Davis Hanson
Thursday, February 21, 2013
In his first term, President Obama was criticized for
trash-talking the 1-percenters while enjoying the aristocracy of Martha’s
Vineyard and the nation’s most exclusive golf courses.
Obama never quite squared his accusations that
“millionaires and billionaires” had not paid their fair share with his own
obvious enjoyment of the perks of “corporate jet owners,” “fat cat bankers,”
and Las Vegas junketeers.
Now, that paradox has continued right off the bat in the
second term. In the State of the Union, Obama once more went after “the few”
and “the wealthiest and the most powerful,” whom he blasted as the “well-off
and the well-connected” and the “billionaires with high-powered accountants.”
Like clockwork, the president then jetted to West Palm
Beach for yet another golfing vacation at one of the nation’s priciest courses,
replete with lessons from a $1,000-an-hour golf pro to improve the presidential
putting.
The rest of the first family jetted off on their own
skiing vacation to elite Aspen, Colo., where nobody accepts that at some point
they’ve already “made enough money.” Meanwhile, below the stratosphere,
unemployment rose to 7.9 percent for January — the 49th consecutive month it
has been 7.8 percent or higher. The economy shrank in the last quarter of 2012,
gas is back to almost $4 a gallon, and the government continues to borrow
almost $4 billion a day.
Today, lots of liberal grandees attack the rich and yet
do their best to act and live just like them.
Take financial speculator and leftist billionaire George
Soros, who is back in the news. Soros is able to fund several progressive think
tanks that go after the 1 percent because he is the most successful financial
buccaneer of the age — notorious as “the man who broke the Bank of England” and
who was convicted of insider trading in France. The Soros family investment
firm’s most recent speculating coup was betting against the Japanese yen. That
made Soros $1.2 billion in just three months — enough capitalist lucre to keep
funding Media Matters and other attack-dog progressive groups for years to
come.
Facebook co-founder and Obama campaign organizer Chris
Hughes just bought The New Republic and has rebranded the magazine as an
unapologetic progressive megaphone.
How odd that hip Facebook just confessed that it paid no
federal or California state income taxes for 2012 on its $1.1 billion in
pre-tax profits from its U.S. operations alone. Odder still, Facebook will
probably receive a federal-tax refund of about $429 million. Apparently
Facebook’s “well-connected” found some “high-powered accountants” to write off
their stock options as a business expense.
Perhaps treasury secretary-designate Jack Lew should have
a look at Facebook’s tax contortions. He should be familiar with the big-money
paper trail, given that Lew himself took a nearly $1 million bonus from
Citigroup after it had received billions of dollars in federal funds to cover
its gargantuan losses.
Lew, like his tax-dodging predecessor, Timothy Geithner,
has a propensity for doing just the opposite of what the president used to
preach against. Obama, remember, warned Wall Streeters not to take bonuses
after their failing companies received federal money.
Obama also derided dubious Cayman Islands tax shelters.
Yet he apparently forgot to tell that to Lew, who invested in a fund registered
to the same Potemkin Cayman Islands building that Obama had used as a campaign
prop to bash the 1-percenters.
One of the nation’s best-known class warriors is former
U.S. representative Jesse Jackson Jr. of Chicago, who for years has damned the
wealthy for their ill-gotten gains. He is expected to plead guilty to fraud
charges after he and his wife allegedly siphoned off $750,000 from their
campaign accounts to pay for an assortment of 1-percenter extravagances such as
a $43,000 Rolex watch.
Today’s leftists like the high life as much as their
demonized conservative rivals do. The more they damn the bad “millionaires and
billionaires,” apparently the less guilt they feel about living it up in Palm
Beach or Aspen — paying no taxes, offshoring their profits, or wearing Rolex
watches.
The vast growth of the federal government has splashed so
much big money around New York and Washington that even muckraking progressives
can’t resist. Loud redistributionist rhetoric offers the necessary vaccination
shot that makes privileged leftists immune from any criticism — or guilt — over
indulging in tax avoidance, billion-dollar speculation, or aristocratic tastes.
George Orwell long ago noticed the same thing: In “Animal
Farm” the pig elite loudly damned reactionary humans even as they sought to
copy them by walking on two legs.
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