Tag Archives: T. Boone Pickens

Sen. Tom Coburn: Tax Payers Subsidizing Millionaires

A few days ago, I heard a little snippet on the radio about John Bon Jovi receiving farm subsidies from the federal government. I was busy writing another article, so I jotted down a note to remind me to look into this. Frankly, when I heard the report I was both shocked and skeptical at the same time. I thought, “Surely multi-millionaire performers aren’t being paid farm subsidies with my tax money”. I had just heard Barack Obama talk about rich people paying their “fair share of taxes”. Well, today I decided to take a look at this obviously bogus attempt by vicious, hate-filled conservatives to slander our messianic leader.

As it turns out it wasn’t slander at all. I did a search for ”Sen. Tom Coburn + subsidies” and guess what I found, a 36 page report by the Senator from Oklahoma listing billions in tax dollars going to some of the richest people in this nation every year. This link will take you to the entire report.

In the letter to taxpayers Sen. Coburn wrote:

These billions of dollars for millionaires include $74 million of unemployment checks, $316
million in farm subsidies, $89 million for preservation of ranches and estates, $9 billion of
retirement checks, $75.6 million in residential energy tax credits, and $7.5 million to compensate
for damages caused by emergencies to property that should have been insured. All and all, over
$9.5 billion in government benefits have been paid to millionaires since 2003. Millionaires also
borrowed $16 million in government backed education loans to attend college.

On average, each year, this report found that millionaires enjoy benefits from tax giveaways and federal grant programs totaling $30 billion. As a result, almost 1,500 millionaires paid no federal income tax in 2009.

I have also listed a portion of the report that lists some of the different subsidies that these ultra-wealthy people draw from the same government that taxes me, and from the same Barack Obama that castigates the rich as “not paying their fair share”.

Summary of Total Payments and Tax Breaks to Millionaires
Total Amount of Government Payments to Millionaires
Program Years Total Amount Paid to Millionaires
Social Security Retirement Benefits 2004-2009 $9 billion
Unemployment Insurance 2005-2009 $74 million
Farm Program Payments 2003-2009 $316 million
Conservation Program Payments 2009-2010 $89 million
Disaster Housing Payments 2007-2010 $7.5 million
Total Amount of Payments $9.5 billion
The annual average amount of government payments to millionaires is $1.6 billion.
Total Amount of Tax Breaks Claimed by Millionaires
Tax Breaks Years Total Amount Deducted by Millionaires
Mortgage Interest Deduction 2006-2009 $27.7 billion
Rental Expenses Deduction 2006-2009 $64.3 billion
Gambling Losses Deducted 2006-2009 $21 billion
Cancelled Debt Deduction 2008-2009 $128 million
Business Entertainment Expenses
Deduction
2006-2009 $607.7 million
Electric Vehicle Credit 2009 $12.5 million
Childcare Tax Credit 2007-2009 $18.15 million
Renewable Energy Credit 2009 $75.6 million
Total Taxpayer Cost to the Treasury of all
Credits and Deductions
$113.7 billion

The annual average amount of tax breaks claimed by millionaires is $28.5 billion.

John Bon Jovi, Bruce Springsteen, Ted Turner, and Quincy Jones are just some of the names I have turned up in looking into this scam. How is it that these people can take money from hard working Americans and pad their extravagant lifestyles with money taken through threat of prison if we don’t pay up? Aren’t these the same liberal elite who decry lack of government support of the poor? It seems to me they have no conscience when they yell about the plight of the poor yet turn around and take this kind of money away from those same poor people, as well as from the tax paying citizen who works every day to scratch out a living. Where are the Occupy Wall Street people when you need them? Why aren’t they in Hollywood or at the White House with their squawking?

I saw some video of Barack Obama in Kansas a few days ago, using his best Benito Mussolini pose, spouting his latest campaign tactic about rich people not paying their fair share of taxes. I just wrote an article about that very speech, combined with a clip of an MSNBC interview with T. Boone Pickens that I heard on the radio. Obama rails about the rich not paying their fair share, then sticks his nose up in the air just like Il Duce used to do. All the while, he looks around to the applause of a crowd so apparently ignorant of the truth that they applaud and cheer when they should be booing and throwing shoes. If they would only take a minute to see the things I see, and take a real objective look at what is truly happening!

After seeing that display in Kansas, I stumbled onto my note about the subsidies for ultra wealthy entertainers and media moguls, and began to look into this situation. What I found is not only alarming it is disgusting. How can Obama stand up there and lie without any semblance of shame? And when I say lie, I don’t mean he “misunderstands” the situation. And I don’t mean the “lying is a state of mind” line Eric Holder is trying to pull at the Fast and Furious investigations.

Obama recently stated that if he didn’t get the debt ceiling raised, Social Security recipients, military personnel, and those depending on welfare checks would do without because Republicans hate poor people. I don’t remember him mentioning John Bon Jovi not receiving his farm subsidy, or Ted Turner having to do without is unemployment check. I don’t remember Obama mentioning poor Scottie Pippen doing without an evening meal if the debt ceiling didn’t go up $2.4 trillion.

Here we find another example of the class warfare being waged by Democrats to divide and conquer the populace. It doesn’t help that some of the wealthiest in our nation stick their hands out and virtually steal from those truly in need, and those of us paying the bill to help those in need.

The corruption in our government is monumental, and I fear fatal to our Republic. There is no need for anyone in America to go to bed hungry. Some choose to do so because they are lazy, and content looking for a constant handout. Many more are victims of the corruption in Washington D. C. How many people have lost jobs due to the tax burdens on small business owners, or even giant corporations, tax liabilities that caused them to have to lay workers off? How many homes have been lost due to pay cuts people had to take to keep the job they had in this economy?

The sad tale of this is that it isn’t only Obama and it isn’t only Democrats. If you will look at the report put out by Senator Coburn you will find some of this goes back to 2004, a time when Republicans owned the White House, the Senate, and the House of Representatives. This isn’t a partisan problem, it is a systemic problem. Greedy people empowered by greedy politicians to take advantage of those with no influence, no money, and no voice in government.
This link to CBS News mentions Scottie Pippen, Ted Turner, John Bon Jovi, Quincy Jones, and Bruce Springsteen.

This next link adds Maurice Wilder, a real-estate developer and part owner of a professional sports franchise to the list.

Go to this link and get page after page of stories on this.

This is revolting at the very least. Common people work hard and barely exist while the political class and some of the ultra-wealthy literally steal food out of the mouths of starving children. Some may disagree with my terminology but what else can one call this action?

This is not what our founding fathers, with the protection of Divine Providence, created. Our founding fathers created a nation where everyone has an equal chance to prosper but it has been perverted through greed and corruption. The unions pay Democrats for favorable legislation every day and now we find out that they are only the tip of the iceberg.

How will our nation survive if we continue this? Both political parties take from the poor and give to the rich. Isn’t this the story behind Robin Hood and his Merry Men of Sherwood Forest, evil rulers taking from peasants for themselves and their friends? We need a modern day Robin Hood, a man like John Dummett and a band of merry men recruited by Tim Cox of GOOOH. If we elect the same rogues gallery that has been running things in Washington we can expect the same results we have seen in this report by Senator Coburn.

We are in dire need of patriots to run for office and patriots to have the courage to vote out those who have created this situation. The definition of insanity is to continue doing the same thing and expecting different results, or in this case, electing the same corrupt politicians and expecting different results.

I submit this in the name of the Most Holy Trinity, in faith, with the responsibility given to me by Almighty God to honor His work and not let it die from neglect.

Bob Russell
Claremore, Oklahoma
December 9, 2011

Hey Barack: What is One’s “Fair Share”?

I have heard Barack Obama’s latest campaign tactic and it set me to thinking. Obama is going to give up the hope and change tactic and run on the premise that rich people aren’t paying their “fair share” of taxes. That brings me to some interesting questions. How much is one’s “fair share”? How much is my “fair share”? Am I paying my “fair share”, and my “fair share” of what? Who determines what a person’s “fair share” is? Who is already paying their “fair share” and who is not?

Today I heard excerpts from an interview of T. Boone Pickens on MSNBC. He said that in the last 13 years, since turning 70 years of age, he has paid over $665 million in taxes to the federal government. One of the panelists snippingly asked Pickens how much money he has made in those 13 years. I consider that information none of her business, and a non-factor in answering the questions I posed at the beginning of this article. I would think that anyone who has paid that much money in a 13 year period has paid their “fair share” of taxes. I will get back to this in a bit.

Last year (2010), my wife and I paid just over $5,000 in income taxes. When I averaged out the taxes Pickens has paid over 13 years it comes out to $51.1 million per year, on average. So, have my wife and I paid our “fair share” compared to the massive amount paid by Pickens?  What about the 47% of Americans who pay no income taxes at all? How much is their “fair share”? What about those who not only don’t pay any income tax, but instead, receive the Earned Income Tax Credit? How much is their “fair share”? What about the illegal aliens who flood our emergency rooms, hospitals, and schools, yet pay not one dime in income taxes? How much is their “fair share”?

Do those who contribute nothing to the national defense deserve their “fair share” of protection from police or military forces? Do those who pay no income taxes deserve their “fair share” of use of the highways, bridges, and other infrastructure built with my tax money? Do those who pay no income taxes deserve their “fair share” of hospitals and schools that I help pay for but use very little? As a matter of fact, my children are grown, so I don’t use the schools at all; so how much of my “fair share” should go to provide schools for those paying nothing?

T. Boone Pickens makes hundreds of millions every year I am sure, but so what? I wonder how much of the resources provided by federal, state, and local governments Pickens uses. Does he receive food stamps? Uh, let me go out on a limb and say, probably not. Does he get WIC? Once again, probably not. Does he go to the emergency room every time he sneezes for free medicine? NOOOOOO, I don’t think so!!!!!!!

Does T. Boone Pickens get more protection from the local police than those who pay no taxes at all? Doubtful. Is Pickens safer from terrorists or is he provided protection that isn’t available to any other American citizen, and most illegal aliens? I would again say that this is doubtful. So, how do we determine the “fair share” of taxes between T. Boone Pickens and my wife and I?

I can say that my wife and I also do not have any government assistance. We don’t receive food stamps, earned income tax credit, WIC, subsidized housing, or any other government hand-out, nor does Pickens, I would think. So where is the discrepancy between the “fair share” paid by Pickens, the Russell household, and those who pay nothing? How does one put a scale to the governmental benefits the Pickens and Russell households don’t receive?

Now back to the MSNBC twit asking T. Boone Pickens how much money he has made over the last 13 years. Who cares how much he has made? Why does this talking head think it is her business how much money he has made? How much money has she made? I wonder if she would think her income is any of my business. How much money has she paid towards her “fair share” of government largesse?

Here we have the crux of the issue from the Marxists in the media and the Democrat Party. Here is a man who has paid hundreds of millions in taxes, has donated hundreds of millions more, of his own money, to Oklahoma State University and countless other public and private institutions. He is being pilloried by a sanctimonious nobody who probably has not spent one dime of her own money to help anyone in need.

We call this class warfare. Class warfare, to me, is just about the lowest form of “journalism” or politics there is. Obama uses this class warfare to pit us against each other while he schemes on ways to enslave all of us and take the money of the “rich” for himself and his friends. If you think any of these people care about your well-being, you might want to open your eyes and take a look around.

How did the French Revolution work out for the “poor” when all of the wealthy aristocrats got their wealth confiscated and their heads chopped off? How many Russian peasants got rich as a result of the 1917 revolution there? How many of those who bought Hitler’s class warfare lie wound up better off as a result of the Third Reich? How many Cuban peasants benefited from the Castro overthrow of Batista? Did these actions create pillars of wealth as the result of class warfare or did they create hell holes of poverty, suffering, and death?

Let me use this class warfare in another way, since the left likes this tactic so much. The Obama family has gone to Spain, on the taxpayer dime. The Obama family has gone to Martha’s Vineyard how many times, on the taxpayer dime? The Obama family has gone to Hawaii how many times, on the taxpayer dime? And aren’t they going again for a 17 day vacation? Barack and Michele went to a Broadway play, on Air Force One, at taxpayer expense. Barack and Michele travelled to Martha’s Vineyard on separate 747’s, 3 hours apart, at taxpayer expense. And to top that off, the family dog has his own Lear jet to take him to the same vacation spot a few hours later. All of this has occurred in the last 3 years.

The Obama family dog has his own Lear jet, paid for by taxpayers, and my wife and I can’t afford to drive a few hours for a weekend vacation. By the way, my cat would love her “fair share” of Lear jet travel that the first dog gets. In the 22 years my wife and I have been married we have taken 3 vacations. Has the Obama family had their “fair share” of vacations? If I tried to lists all of Obama’s vacations and golf outings in the last 3 years, this would run on for 40 pages. I think they have had their “fair share” of vacations. Shouldn’t they take a few less vacations and have some “vacation equality” to go along with their “income equality”? Shouldn’t the royal family share some of the sacrifices they always speak of We the People making?

Let’s take a look at Obamacare, the crown jewel of the administration so far. I suggest that we have some “fair share” in Obamacare. What about the 1800 exemptions given to unions and Democrat Party supporting companies. Are these unions and companies getting their “fair share” of exemptions or are they being given preferential treatment? Where is the “fair share” of exemptions for the rest of us?

In 2010, General Electric, the parent company of NBC and huge supporter of the Democrat Party, paid no corporate taxes on $5 billion in net profits. How much should GE’s “fair share” come to? Huge amounts of tax dollars were given to Wall Street by Obama and Congress in the TARP and “stimulus” bailouts. How much should their “fair share” come to? Nancy Pelosi has seen her net worth triple since she has been in congress. Her “fair share” is how much?

When you travel down the road of class warfare you find a dead end road littered with the corpses of millions who have travelled that road before you. You won’t find the corpses of the Obamas of the world, because they are the ones killing those whose corpses you see. Class warfare ends in tragedy for nations and the people who inhabit those nations. Despots throughout history have used class warfare to divide, then conquer, and then slaughter the people. These despots then take their “fair share” of the wealth and live opulent lives.

Obama and his cohorts in Congress and the media have the same fate in mind for us, We the People. Once Despot Obama’s class warfare tactic has succeeded he will turn into a real-life nightmare like those who have preceded him; Adolph Hitler, Joseph Stalin, Mao Tse Tung, Fidel Castro, Hugo Chavez, Pol Pot, and others who have destroyed the very people they promised to help. Obama, the Democrat Party, the media, Hollywood leftists, and many in the Republican Party will divvy up the spoils while the rest of us live in abject poverty.

If you want this kind of life then support Obama and his Axis of Evil helpers. If not, search for the one who will deliver us from a fate seen by so many people before us. Dig deep into the character and actions of those Republicans who are “not as bad as Obama” and see where they will take you. New World Order globalism isn’t trademarked by the Democrat party. Republicans have a mighty big piece of the tyranny pie ready and waiting for those who don’t do due diligence before voting.

I submit this in the name of the Most Holy Trinity, in faith, with the responsibility given to me by Almighty God to honor His work and not let it die from neglect.

Bob Russell
Claremore, Oklahoma
December 8, 2011