I actually have a perverse fondness for Bill Clinton.
This is both because we got better policy while he was President (whether he deserves credit is a separate question) and because he single-handedly generated a lot of quality political humor.
But that doesn’t mean he isn’t a typical politician. And the same is true for his wife.
Indeed, they are strong candidates for the Hypocrisy-in-Government Award.
That’s because they want to subject other people to the death tax, but they’re taking aggressive steps to make sure they aren’t subject to this punitive and immoral form of double taxation.
Here’s some of what Bloomberg is reportingon the issue.
Bill and Hillary Clinton have long supported an estate tax… That doesn’t mean they want to pay it. To reduce the tax pinch, the Clintons are using financial planning strategies befitting the top 1 percent of U.S. households in wealth. These moves, common among multimillionaires, will help shield some of their estate from the tax that now tops out at 40 percent of assets upon death. The Clintons created residence trusts in 2010 and shifted ownership of their New York house into them in 2011, according to federal financial disclosures and local property records.
But you have to give the Clintons credit for chutzpah.
They have tens of millions of dollars in assets, but Hillary said they were “dead broke.”
The Clintons’ finances are receiving attention as Hillary Clinton tours the country promoting her book, “Hard Choices.” She said in an interview on ABC television that the couple was “dead broke” and in debt when they left the White House in early 2001. …The Clintons’ finances are receiving attention as Hillary Clinton tours the country promoting her book, “Hard Choices.” She said in an interview on ABC television that the couple was “dead broke” and in debt when they left the White House in early 2001. …Since she left the government last year, Hillary Clinton, 66, has been giving speeches for hundreds of thousands of dollars each. Bill Clinton, 67, also makes paid speeches and appearances, receiving $200,000 each in October 2012 from Vanguard Group Inc. and Deutsche Bank AG, according to Hillary Clinton’s disclosures.
Geesh, I wish I was “dead broke” the same way.
By the way, Hillary was quoted in the Bloomberg story as being in favor of a meritocracy.
Which makes you wonder whether she opposed the special sweetheart dealthat her daughter received to work at NBC News.
Chelsea Clinton earned an annual salary of $600,000 at NBC News before switching to a month-to-month contract earlier this year, sources with knowledge of the agreement told POLITICO. …As special correspondent, Clinton worked on service-related feature assignments for NBC’s “Rock Center with Brian Williams” until the show’s cancellation in June 2013. Clinton has since worked on packages for NBC Nightly News. …When Clinton joined NBC, many media critics chafed at the network’s decision to employ a former first daughter with no experience in journalism. The New York Post referred to Clinton as “just another spoiled, aimless child of rich, successful parents chauffeured through adulthood by Mommy and Daddy’s connections.”
I have nothing against parents helping their kids and using their connections. I surely would help my kids if I had any influence in a hiring or pay decision.
But this smells of cronyism. Let’s not forget that NBC is owned by General Electric, and GE is infamous for getting in bad with politicians in exchange for handouts and subsidies.
In other words, it’s quite likely that Chelsea was given an extremely lucrative contract precisely because the company figured it was a good way of earning some chits with the then-Secretary of State and possible future President.
I’m not aware of any smoking gun to confirm my suspicion, but it would take heroic naiveté to assume that Chelsea’s parents had nothing to do with NBC’s decisions.
So, for their hypocrisy on both the death tax and meritocracy, the Clinton’s could win the Hypocrisy Award.
