Noam Chomsky, Closet Capitalist ( 2)
Print This ShareThis By Peter Schweizer
Hoover Digest
Tuesday, Jun 3, 2008
"I'm kind of a parasite. I mean, I'm living off the activism of others. I'm happy to do it."
- Noam Chomsky
Chomsky talks an anti-capitalist game, but what does he practice? Market economics at their most profitable.
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One of the most persistent themes in Noam Chomsky's work has been class warfare. He has frequently lashed out against the "massive use of tax havens to shift the burden to the general population and away from the rich" and criticized the concentration of wealth in "trusts" by the wealthiest 1 percent. The American tax code is rigged with "complicated devices for ensuring that the poor-like 80 percent of the population-pay off the rich."
But trusts can't be all bad. After all, Chomsky, with a net worth north of $2,000,000, decided to create one for himself. A few years back he went to Boston's venerable white-shoe law firm, Palmer and Dodge, and, with the help of a tax attorney specializing in "income-tax planning," set up an irrevocable trust to protect his assets from Uncle Sam. He named his tax attorney (every socialist radical needs one!) and a daughter as trustees. To the Diane Chomsky Irrevocable Trust (named for another daughter) he has assigned the copyright of several of his books, including multiple international editions.
Noam Chomsky, Closet Capitalist | Critical Analysis |Axisoflogic.com