Tax The Rich

Sunday, August 14, 2022

The Democrat running for governor in Georgia announced four years ago that she owed more than $227,000 in credit card debt and back taxes, $178,500 in real estate debt and over $4,000 in a car loan (Fortune, 4/2018). Now according to candidate disclosure forms, she claims to be worth $3.17 million (CBS News, 4/5/2022).

How did that happen in a little over three years? From books and speeches we’re told. That’s life in the left lane when you’re an anti-capitalist progressive and a Democrat candidate. Just ask Paul and Nancy and their broker but it’s still hard to imagine how that squares with “tax the rich.”

Curiously it does, so much so that the woman who is in denial over the outcome of her last race has raised nearly $50 million for her current one. Interestingly only about $7 million coming from in state. Leftist billionaire George Soros pumped in $1.5 million alone. As before, other California and New York wealthy leftists account for much of the rest (AXIOS, 7/14/2022).

Soros and many out-of-state wealthy lefties also dumped millions into other losing causes in the past: laughable Bay-toe of El Paso sank $80 million in his loss to Ted Cruz and the scandal-ridden Andrew Gillum, who NPR called the Democrats Rising Star flittered away $52.5 million losing to an actual Rising Star Ron DeSantis (Florida Politics, Danny McCauliffe, 11/3/2018).

How can it be all these wealthy progressives are willing to pour hundreds of millions into the campaigns of candidates who’s mantra is “tax the rich?” Maybe the rich donors know something about who it is that is really going to get soaked by high taxation. I guess you will have to wait and read the bill to find out.

Ralph Miller



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Opinion

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