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The Gray Ladys Senility
Estate taxes imposed after ones death are no more of a penalty than income taxes withheld from paychecks. So writes the New York Times editorialist today.
Huh? The top income tax rate is 35%. The top estate tax rate is 55%. Yet the NYT says estate taxes are no more of a penalty that income taxes.
Is it laziness? Innumeracy? Mendacity? Has the Age of Pinch brought with it plagues too new and strange for diagnosis?
Take, for example, the NYTs role in the spread of a rotten form of political correctness. Now I went to college in the mid-1970s, at the dawn of the PC era. This was only a decade after the needed Civil Rights Act of 1964, and I can sympathize with PCs origins, which are rooted in common decency and respect. But PC turned vengeful and Orwellian in the 1980s, and now is aided and abetted by liberals such as Pinch Sulzberger. Buzz Machines Jeff Jarvis points out the NYTs latest dive into the Animal Farm hog slop:
When a big story breaks like, say, a major arrest foiling a frightening terrorist plot in peaceful Canada the first question anyone wants to know is who?. Who did it? That is, after all, the first of journalisms five Ws: who, what, when, where, why (and how).
But The New York Times on my doorstep this morning didnt bother answering the who question in its story today until a spare mention of Islamic in the 22nd paragraph and Muslim in the 31st and even those were not terribly informative. In the fifth paragraph, the suspects were merely mainly of South Asian descent. India? Burma? Thailand? Indian? Southeast? Southwest? French-speaking terrorists from Vietnam coming to join their Quebecois confrères, perhaps? Whos to know?
Then theres the unsinkable Swift Boat issue and the NYTs one-sided handling of it. Thomas Lipscomb points out the NYTs errors and agenda here.
Kate Zernike's story on the front page of the Memorial Day Sunday New York Times, Kerry Pressing Swift Boat Case Long After Loss, is an unfortunate reminder of the Times's embarrassingly poor coverage of Kerry in the face of the Swift Boat Veterans' for Truth charges in the 2004 election. Now as then, the Times acts as if the issues involved were between Kerry's latest representations of his record and the unsubstantiated charges of the Swift Boat group. The Times used the term unsubstantiated more than twenty times during its election coverage and continues to make no discernable effort to examine any of the charges in detail.
But there was plenty of evidence in the work of other news organizations that some of the charges, and the Kerry military records themselves, were worth examining seriously. I found numerous problems with Kerry's records on his website in my own reporting for the Chicago Sun-Times: a Silver Star with a V for valor listed that the Navy stated it had never awarded in the history of the US Navy, three separate medal citations with some heavy revisions in Kerry's favor signed by former Navy Secretary John Lehman who denied ever signing them, to name two.
Lipscombs full piece here
dmp said:Funny - most estates are earned and paid taxes upon while earned, yet they strive to take MORE taxes cuz the original owner died? I really hate socialism/wealth re-distribution.
Bullypulpit said:You would prefer to live in under a monarchy then?
Kathianne said:Back to the topic, it was't taxes, but NYT presentation they were at an equal rate. They aren't. Fact checking anyone?
Ok, he doesn't have editors. Right.jasendorf said:Just because Lipscomb is misrepresenting the idea presented in a sentence from an editorial doesn't mean jack squat.
If I were to say, The Easter Bunny is no more a fictional character than Santa Claus. Lipscomb would say, "But Santa Claus is based on a real person! And, the Easter Bunny is an impossible 7-foot tall bunny whereas Santa Claus is a possible human being!"
Lipscomb is obviously reading impaired.
