Category: Tax the Rich

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If nothing else, Jeffrey Epstein’s death has uncovered the pervasive rot in American society. Unfortunately for him, he was a person so loathsome that nobody really cares if he committed suicide or was murdered.  He deserved to die.  Most people are happy to have him dead, buried and forgotten.

The problem is that the man had evidence which could implicate leaders of the Democratic Party, the leaders of the Republican Party, the British Royal Family and Captains of Industry. Very important people were in the crosshairs of the cops and the American government failed to protect their prime witness in a high security prison no less.  Every fail-safe procedure available in such circumstances failed. A man on a suicide watch commits suicide. The technology failed. The staff failed. And Jeffery Epstein decides on this day when all the fail-safes were failing to commit suicide. A remarkable coincidence, don’t you think?

Any half way sentient being would find this a little difficult to believe. Yet, this is what we were told and this is the answer we are letting the powers that be get away with. I was really offended that a better explanation wasn’t provided. I mean come on. Really. This is your explanation. Nobody believes it. And I mean nobody. It is an insult to the American Public that it is being offered as the definite result of an extensive investigation.  

Then it slowly dawned on me that this wasn’t about giving a somewhat believable explanation about what happened, they don’t care if anyone believes their story. The powers that be saw a bigger problem.  They wanted to warn people away from investigating Epstein’s death. If you want to find out what happened to Epstein, you are putting your life into danger. We killed once and do you really want to take a chance that we won’t kill again?  You have been warned. I don’t know about anyone else but message received.

You can tell it was important to the powers that be because it took staggering levels of corruption to pull this hit off. A billionaire just doesn’t die in prison without a lot of buy in from powerful people. I imagine a group of men in a gentlemen’s club, smoking cigars and drinking fine whiskey,  passing the hat around to get enough money to deal with the Epstein problem.  Nice guy, great parties but we can’t take a chance with the old scoundrel, every one pony up $100,000 and we can give the old boy the send-off he deserves.

Two low level prison employees have taken the fall although it beggars belief that these two were the only ones involved. The right person had to get into the prison. The right people had to be guarding. The right tech people had to turn off the right equipment.  Money men and lawyers had to move money to the right people so that the right strings were pulled. A lot of people, up and down the food chain, were involved in ensuring Epstein met his fate. But since it didn’t really matter that anyone believed what happened or, God forbid, take responsibility for what happened, the two prison guards supplied enough rolling heads to finish off the story.

After seeing this crime spree from our social betters, I find it particularly irksome that Americans still cling to the notion that the rich are good stewards of money. They are, quite obviously, not. Think about the cash it took for Epstein to create his pedophile island, find underage women to fly over to his island, fly over his guests so they could partake in the amusements pedophile island had to offer.  Think of the money spent by Epstein to defend his crimes in court.  Think of the money spent by Epstein’s friends to silence him. As far as I am concerned, we would all be better off if the government taxed Epstein and his ilk and the money received was spent giving every skid row bum in the USA a six pack of beer and a pack of cigarettes. Perhaps some girls would have been saved from the indignity of becoming prostitutes for the world’s power elite.

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The most interesting tidbit regarding the news about Steve Wynn sexual harassment accusations is the $7,500,000 payment to one of Wynn’s accusers. He is denying the rape/sexual harassment charges but not the pay out. I am assuming the payout then is real. He wanted to avoid the embarrassment of go through the criminal justice system, so, having an extra 7.5 million dollars to throw around, he bought the woman off.

I would invite Senator Grassley, who thinks the rich should get more tax breaks than the poor because the poor will only spend it on alcohol and women and not invest in making their businesses more competitive, to ponder this awful transaction. This money isn’t going to be job creating or investing in some grand entrepreneurial scheme; it is going to a victim of a crime, perhaps a felony, and to her lawyers. We could have distributed $100,000 to the worst welfare cheats in each of the 50 states and then put in another $100,000 to the worst welfare cheats in the 25 largest cities in the country and gotten more income generating dollars for the economy.

Let’s also face it. It probably isn’t good for Steve Wynn. When a person has that much loose change, he suffers under the illusion that he can get away with anything because he can buy off anyone. As we now know, that can get rich people like Steve Wynn and Harvey Weinstein into some very big and embarrassing trouble. If only Steve and Harvey had had less mad money, they might have found it in their best interests to behave and spent what money they had more intelligently.

I do think Senator Grassley is on to something however. It was only after reviewing my previous blog regarding the rich and taxes that I realized that Senator Grassley was correct that any extra money a man has seems to be spent on women and alcohol. Although he was only applying his rule to the poor, I propose it has a more universal application. I offer proof that the rich too spend their extra money on alcohol and women:

The amount Bill Koch paid for fake vintage wine. 400,000
The amount Bill Koch spent investigating fake wine. 35,000,000
The amount Steve Wynn paid to silence his victim 7,500,000

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Bill Koch, third and, I believe, poorest Koch brother, has a serious problem with wine counterfeiting. You see he buys vintage wine. You are unfamiliar with this problem? So was I. When I purchase wine, I am inclined to choose volume over quality. I would rather buy 4 OK bottles of wine for $20 then spend $20 for one good bottle. However Bill Koch is different. Way different. I mean way way way different. He prowls the auction houses looking for really good deals on vintage wine. He will spend hundreds of thousands of dollars for a bottle of wine.

Koch once bought 4 bottles of wine that were purported to come from Thomas Jefferson’s vineyards. He paid $400,000 for the 4, yes you figured it correctly $100,000 a piece for a bottle of wine. Unfortunately, the gullible billionaire discovered after purchasing the wine that the bottles were fake. Which is a little irritating because the only advantage, at least as far as I can see, from owning a bottle of vintage wine is, in fact, owning it. If it isn’t authentic, the taste of the wine hardly matters. Who wants to pay $100,000 for repackaged French table wine?

Well Bill Koch was, to say the least, angry and wanted to put a stop to these swindlers. Being a billionaire, he also had the resources to fight this important battle. He spent nearly $35,000,000 trying to stop these counterfeiters from continuing their fraudulent activities. He met with some success and now the FBI and the courts are bring these people to justice. Hurrah.

So if Bill Koch is using his own money to buy vintage wine and fight his defrauders. What business is of mine? Let me tell you.

There are people who believe that taking money away from the rich is preventing the rich from investing their money in things that will ultimately bring wealth to the whole society and lift poor people out of their poverty. If you tax this money then you are preventing these people from investing these poverty reducing business ventures.

I think Koch’s experience provides evidence that proves this thesis wrong.

Let’s start with purchasing the bottles of wine. The bottles were fake so the trickle down theory hardly is relevant here. There are no poor grape picker or winery workers involved in this story. There are some swindlers and some suckers but no one that is going to advance the cause of commerce.

Even if the bottles were authentic, taxing Koch and extra say 25 percent per bottle would not have prevented him from buying the wine. He still would have plenty of cash to spare on his vintage wine. The worst-case scenario is he might have to shave a bottle or two off the purchase but he can still afford to spend $100,000 on a bottle if he so desired. Again as these are vintage bottles, the grape picker and winery worker are long dead, so no real innovative ideas are thwarted here. If you want to shed a tear, it would be for the poor wretches who work at Sotheby’s.

Koch spends $35,000,000 dollars trying to find and prosecute these counterfeiters. Agreed that these are people engaged in a criminal activity and should be stopped. However the people who gain anything by stopping the counterfeiters are pretty much limited to private investigators and billionaires. This isn’t investment money for the development of commerce and industry. This is pure revenge on Koch’s part. He doesn’t like being swindled.

If, instead, the $35,000,000 were given to the worst welfare frauds in the country, the money would still be better spent. More electrical appliances, new cars, and new houses would be bought. More money would be put into the hands of people who would use it buying things that might stimulate the economy than, let’s say, a billionaire interested in vintage wine.