Even though it’s from CNN’s web page. It a constributors opinion. But it’s a classic opinion of liberals. With Dem Candidate Bloomberg set to spend Billions this election season . . . a liberal professor in California (he’ll be passing his thoughts on to impressionaable college kids) says he’s actually spending tax payers money.
The public is effectively picking up at least 40% of the tab for Bloomberg’s massively financed run.
Now how does the liberal professor come to this conclusion?
A presidential run can be one heck of a binge. If Bloomberg ends up putting in $5 billion, for example – a number not unrealistic given his spending to date – that could potentially save the Bloomberg estate $2 billion in estate taxes. In effect, we would all ultimately be paying in part for the mayor’s ride.
That’s right! By Bloomberg spending HIS money, it will eventually mean less money for tax payers! He’s spending money that should partially go to the government!
Then he Professor doubles down:
Now, in fact, Mayor Bloomberg has signed a giving pledge, promising to give the vast bulk of his wealth “to support organizations that will make a better world.” And he has been a generous donor to many charities.
Most of his money wouldn’t be subject to the estate tax by doing this. So what does that mean?
. . . the fact that he’s splurging on his campaign is costing the charities dearly.
The charities will never see any of the spent money. So when Bloomberg spends $5 billion to run for president, we the people lose either $2 billion in tax revenues or $5 billion in public charity.
A rich person spending THEIR money . . . hurts either tax payers or charritys.
This guy is teaching people . . . this is the crap that many liberal professors are pounding into the heads of our kids daily!