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CNN Lemon Rages At “Rich” Trump Supporters Who Don’t Want To Pay More Taxes Under Biden

How dare people have enough “disposable income to spend on fun”

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2 years ago

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In an exchange with fellow CNN host Fredo Chris Cuomo Tuesday night, Don Lemon raged at supporters of President Trump, accusing them of pretending to have financial anxieties, and not wanting to pay more taxes so they can spend more money on having “fun”.

Lemon was reacting to a segment from Cuomo’s broadcast highlighting Trump supporters participating in a dune buggy rally in Oregon.

“Boat parades, car caravans, bike parades. What attendees have in common is disposable income to spend on fun,” spewed reporter Ellie Reed, adding “While Trump’s working-class supporters have gotten a lot of attention, in 2016 a third of his voters made more than $100,000 a year.”

Lemon pounced on the footage, proclaiming that “It kind of dismantles that whole thing about economic anxiety was the reason that Trump got elected. Those people have no economic anxiety. They’re rich.”

“I want to be able to buy a $20,000 dune buggy. But I don’t want to help people who may be in need,” Lemon snarked, taking on the persona of what he believes Trump supporters are like.

“I want to be able to buy whatever which is fine, but just own up to it. And stop pretending the reason is economic anxiety,” Lemon lectured, adding “But just be honest about what your intentions and what you think and stop pretending that it is something else.”

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Calling it “selfishness” that people like to spend more money having fun, the host declared “I don’t mind paying more taxes for people who are not doing well, to help other people out. This is America. I will be okay. How much do I need? I can cut back. I can pay more.”

Not all heroes wear capes.

Only in the mind of a champagne socialist like Lemon does paying more taxes to the vastly bloated and wasteful federal government ‘help other people who are not doing well’.

The man lives in a huge swank pad in Sag Harbor. Has he been paying extra taxes or has he also been spending his vast CNN income on the good life?

Nevertheless, Lemon’s sermon continued as he preached “So, as Americans, as people, especially if you believe in the Christian values that you espouse, you’re supposed to do unto others and help others.”

“So, I do that as much as I can. I don’t like it, but I don’t mind it in a way because I am blessed and fortunate enough to be in this position to make this amount of money where I am — I have the privilege, I have the privilege, to be able to do that,” Lemon exclaimed.

Lemon finished his lecture by painting all Trump supporters as super rich frat boys racing around in yachts, a notion that is blatantly ridiculous.

“So, maybe you buy one less dune buggy, maybe you buy one less fancy car. Maybe you buy one less boat, maybe you buy one less yacht. Maybe you buy one less apartment, one less mansion. But how much money do you really need? That’s all I got to say.” Lemon concluded.

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Economy

Elon Musk Responds To Biden’s “Pay Your Fair Share” Tax Tweet

“I paid more income tax than anyone ever in the history of Earth”

Published

11 hours ago

on

20 March, 2023

Steve Watson

Hannibal Hanschke-Pool/Getty Images

The world’s richest man Elon Musk has responded to a tweet sent out by Joe Biden calling for higher taxes for billionaires, noting that he’s paid more tax than any human ever in the history of the planet.

Biden sent out the following tweet calling on rich people to “pay your fair share,” along with a claim that the average tax billionaires pay is three percent.

Musk responded, noting that he paid a whopping 53 percent tax on Tesla stock options at both the state and federal level, and that he paid more taxes than any person on Earth in 2021 ($11 billion) and will do so again for the 2022 fiscal year.

Musk also called for a fact check on Biden’s three percent claim.

Musk’s call led to the following correction from the Tax Foundation being added to Biden’s tweet, showing how Biden is either just flat wrong or lying:

Others chimed in on Musk’s comments:

While others had some choice responses for Biden:

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    Economy

    SVB’s London Bankers Received Up To $36 Million In Bonuses Days After BoE-Orchestrated Bailout

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    1 day ago

    on

    19 March, 2023

    Zero Hedge

    David L. Ryan/The Boston Globe via Getty Images

    Bankers at the London branch of Silicon Valley Bank reportedly received tens of millions of dollars in bonuses just days after the Bank of England orchestrated a rescue package that led to Europe’s largest lender, HSBC, buying the failed bank’s subsidary for just £1, Sky News reports.

    Sources described the bonus pool as “modest”, and said it totalled between £15m and £20m.

    It was unclear on Saturday how much had been awarded to Erin Platts, the UK bank’s chief executive or her senior colleagues.

    One insider said the bonus payments were a signal of HSBC’s confidence in the talent base at its new subsidiary and that the buyer had been keen to honour previously agreed payments in order to help retain key staff. –Sky

    Israeli Banks Transferred $1 Billion Out of SVB Before Collapse

    What’s more, bonuses were reportedly doled out to US staff just hours before the Santa Clara, California-based bank collapsed. The bank was taken into FDIC ownership, while SVB Financial Group has filed for Chapter 11 bankruptcy protection as it looks to find buyers for their remaining assets.

    The UK arm of (formerly) SVB employs around 700 people. The London branch’s ‘guided demolition’ was coordinated with UK Prime Minister Rishi Sunak, who played a pivotal role in an emergency auction that drew interest from several challenger banks, including the Bank of London and Oaknorth.

    According to insiders, if HSBC hadn’t stepped up, the bonuses wouldn’t have been paid, while another insider pointed out that stock held by senior executives and other employees had been rendered worthless amid the implosion.

    “The UK’s tech sector is genuinely world-leading and of huge importance to the British economy, supporting hundreds of thousands of jobs,” said chancellor Jeremy Hunt. “We have worked urgently to deliver on that promise and find a solution that will provide SVB UK’s customers with confidence.”

    “[This] ensures customer deposits are protected and can bank as normal, with no taxpayer support.”

    The government had been lobbied intensively last weekend by hundreds of tech entrepreneurs about the parlous state of SVB UK.

    They warned of “an existential threat to the UK tech sector”, adding: “The Bank of England’s assessment that SVB going into administration would have limited impact on the UK economy displays a dangerous lack of understanding of the sector and the role it plays in the wider economy, both today and in the future.”

    The founders warned Mr Hunt that the collapse of SVB UK would “cripple the sector and set the ecosystem back 20 years”. -Sky

    “Many businesses will be sent into involuntary liquidation overnight,” were SVB UK not rescued, wrote the entrepreneurs.

    This post was originally published at Zero Hedge

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    Economy

    Ted Cruz Blasts Biden For Bailouts Of Corrupt ‘Bonnie And Clyde’ Banks

    “They’re robbing the bank as they know their customers’ deposits are about to get blown up.”

    Published

    3 days ago

    on

    17 March, 2023

    Steve Watson

    BRENDAN SMIALOWSKI/AFP via Getty Images

    Senator Ted Cruz has slammed the Biden Administration for effectively bailing out Silicon Valley Bank, labelling it a ‘corrupt Bonnie and Clyde’ like operation.

    On his “Verdict” podcast, Cruz stated that the failure of SVB has “called into question a lot of the financing for venture capital, and it has potentially imperiled a significant number of mid-sized banks.”

    “In response to this, the Biden administration rolled out a major bailout, conveniently bailing out the politically connected friends of the Biden White House in a way that will have lasting repercussions for the economy, and will almost certainly incentivize future bad conduct by other banks,” Cruz asserted.

    The Senator continued, “They were gambling that the Fed would not raise rates even though they’d been screaming from the mountaintops that they were going to raise rates.”

    “A bank that is being prudent can hedge its investments against interest rates rising by investing also in counterbalancing investments that will go up when interest rates go up. They didn’t do that! They were focused on virtue signaling. They were focused on showing just how woke they are,” Cruz added referring to the revelation that SVB was obsessed with pushing ‘diversity and inclusion’ policies:

    “These bank officers were bad actors,” Cruz continued, adding “Let me let me tell you two data points that have been vastly underreported. Number one, hours before the bank was shut down Silicon Valley Bank gave very substantial bonuses to all of its employees. They just began writing checks to everyone hours before they were shut down. Data point number two: in the two weeks prior to their being shut down, the CEO and the CFO sold large amounts of stock. The CEO ended up making over a $2 million profit from selling stock less than two weeks before the bank was shut down. Both of those indicate corrupt intent.”

    Cruz also noted that he “had a conference call in the last 48 hours with all 100 Senators were invited to participate and Treasury and the FDIC was on there and I asked I said, ‘Look, is it true that they gave bonuses to their employees, number one? If so, I think it is outrageous. And number two, has there been any investigation into clawing back those bonuses?’”

    “As far as I’m concerned, this is like Bonnie and Clyde,” Cruz charged, urging that “They’re robbing the bank as they know their customers’ deposits are about to get blown up. And much of the media coverage has ignored the exceptionally bad conduct by the bank’s officers.”

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    Israeli Banks Transferred $1 Billion Out of SVB Before Collapse

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