As I read about Trump wanting a break on a $464 million judgment and the Attorney General’s accusations of him sneaking assets to Florida, I can’t help but feel a sense of frustration and disbelief. It astounds me how someone with such immense wealth and power can continuously try to evade consequences for their actions. Trump’s behavior is a prime example of how the rich and powerful often try to manipulate the system to their advantage, disregarding the rules that are meant to apply to everyone.
The fact that Trump’s lawyers claim he doesn’t have the money to appeal without selling a building raises eyebrows.… Continue reading
As I sit here and read about the staggering $150 billion a year in tax evasion by millionaires and billionaires, as reported by the IRS chief, I can’t help but feel a mix of anger, frustration, and disappointment. This number is not just a statistic; it represents a massive drain on our economy, on our society, and on the very fabric of our democracy. The fact that this level of tax evasion is happening, while hard-working Americans struggle to make ends meet, is a stark reminder of the gross wealth inequality that plagues our country.
It is no secret that the wealthiest individuals and corporations have the means and resources to exploit legal loopholes, offshore accounts, and complex tax schemes to avoid paying their fair share.… Continue reading
Rishi Sunak, the UK Chancellor of the Exchequer, has recently come under scrutiny for paying an effective tax rate of 23% on his £2.2 million income last year. Many have expressed their opinions on this matter, with some arguing that it is a fair rate, while others believe it is too low for someone in his position. As an American, I find it interesting to compare the tax rates of politicians in different countries.
In the United States, politicians often pay significantly lower tax rates than the average citizen. It is not uncommon for wealthy individuals to take advantage of various loopholes and deductions to minimize their tax burden.… Continue reading
The S&P 500 closing above 5,000 for the first time has been met with mixed reactions. While the article frames it as a positive development, the sentiment in the comment sections appears to be more doomy. This divide in perception reflects the deep disparities among the people, creating a sense of dystopia.
First, I couldn’t help but sympathize with the commenter who mentioned their upcoming lease renewal. As someone who struggles with paying rent myself, it’s disheartening to feel detached from the successes of Wall Street. The article may celebrate the achievement, but for many of us who can barely afford groceries or rent, it feels like a distant victory.… Continue reading
The recent announcement by the IRS that it will collect an additional $560 billion from rich tax cheats thanks to the Inflation Reduction Act is a significant development in the battle against tax evasion. As someone who believes in the importance of everyone paying their fair share, I am pleased to see the government taking steps to hold the wealthy accountable for their financial responsibilities.
It is disheartening to think that there are individuals who have been evading taxes for years, while the rest of us work hard to fulfill our obligations. The fact that audits of millionaires and billionaires have decreased due to the IRS’s lack of funding is alarming.… Continue reading
When I read the news about the former IRS employee who purposefully acquired his job with the intention of leaking Trump’s tax returns, my reaction was mixed. This is a discussion that calls for nuance, and it left me teetering between admiration for his audacity and skepticism about his approach. The headline reads like an espionage thriller, with a maverick outsider exploiting the system to expose a billionaire’s tax records.
The man in question, who was charged for his actions, had breached federal regulations by intentionally leaking the tax return information. My initial instinct was to cringe, remembering that the individual committed a crime.… Continue reading
The online rumor mill has been swirling with speculation recently about former U.S. President Donald Trump’s health. Specifically, many internet dwellers are hypothesizing if Donald Trump might have secondary syphilis, pointing out red splotches on his hand as signs of the disease. The hypotheses arose primarily out of a need for humor and derision and had led to a quite the array of wisecracks online. As a commentator, it is always intriguing to observe public opinion, and the crazier it is, the more entertainment I glean from it. Yet, I also find it important to reflect on the consequences of encouraging such unfounded rumors.… Continue reading
The American Dream, for so long the shining beacon that carried the promise of opportunities and prosperity to both citizens and immigrants, is fast fading. This assertion, voiced recently by Walgreens’ boss, is something of a wakeup call. He speaks primarily for himself and his ilk in the top echelons of wealth who believe that this wealth discrepancy is unsustainable and damaging the very fabric of our society. He insists that their taxes must be increased to mitigate the broadening wealth gap and the subsequent demise of the middle class—the real job creator, the driver of diverse industries and the sustainer of demand for a plethora of goods and services.… Continue reading
John Q. Hosedrinker 
Matt Underwood