Maybe We Deserve to Be Ripped Off By Bush's Billionaires

By Matt Taibbi, RollingStone.com. Posted February 20, 2007.

"Now, after she shaved her head in a bizarre episode that culminates a months-long saga of controversial behavior, it's the question being asked by her fans, her foes and the general public: What was she thinking?"-- Bald and Broken: Inside Britney's Shaved Head, Sheila Marikar, ABC.com, Feb. 19

What was she thinking? How about nothing? How about who gives a shit? How's that for an answer, Sheila Marikar of ABC news, you pinhead?

I'm not one of those curmudgeons who freaks out every time that Bradgelina moves the war off the front page of the Post, or Katie Couric decides to usher in a whole new era of network news with photos of the imbecile demon-spawn of Tom Cruise and Katie Holmes. I understand that we live in a demand-based economy and that there is far more demand for brainless celebrity bullshit than there is, say, for the fine print of the Health and Human Services budget.

But that was before this week. I awoke this morning in New York City to find Britney Spears plastered all over the cover of two gigantic daily newspapers, simply because she cut her hair off over the weekend. To me, this crosses a line. My definition of a news story involves something happening. If nothing happens, then you can't have "news," because nothing has changed since the day before. Britney Spears was an idiot last Thursday, an idiot on Friday, and an idiot on both Saturday and Sunday. She was, shockingly, also an idiot on Monday. It will be news when she stops being an idiot, and we'll know when that happens, because she'll have shot herself for the good of the planet. Britney Spears cutting her hair off is the least-worthy front page news story in the history of humanity.

Apparently, from now on, every time a jackass sticks a pencil in his own eye, we'll have to wait an extra ten minutes to hear what happened on the battlefield or in Congress or any other place that actually matters.

On the same day that Britney was shaving her head, a guy I know who works in the office of Senator Bernie Sanders sent me an email. He was trying very hard to get news organizations interested in some research his office had done about George Bush's proposed 2008 budget, which was unveiled two weeks ago and received relatively little press, mainly because of the controversy over the Iraq war resolution. All the same, the Bush budget is an amazing document. It would be hard to imagine a document that more clearly articulates the priorities of our current political elite.

Not only does it make many of Bush's tax cuts permanent, but it envisions a complete repeal of the Estate Tax, which mainly affects only those who are in the top two-tenths of the top one percent of the richest people in this country. The proposed savings from the cuts over the next decade are about $442 billion, or just slightly less than the amount of the annual defense budget (minus Iraq war expenses). But what's interesting about these cuts are how Bush plans to pay for them.

Sanders's office came up with some interesting numbers here. If the Estate Tax were to be repealed completely, the estimated savings to just one family -- the Walton family, the heirs to the Wal-Mart fortune -- would be about $32.7 billion dollars over the next ten years.

The proposed reductions to Medicaid over the same time frame? $28 billion.

Or how about this: if the Estate Tax goes, the heirs to the Mars candy corporation -- some of the world's evilest scumbags, incidentally, routinely ripped by human rights organizations for trafficking in child labor to work cocoa farms in places like Cote D'Ivoire -- if the estate tax goes, those assholes will receive about $11.7 billion in tax breaks. That's more than three times the amount Bush wants to cut from the VA budget ($3.4 billion) over the same time period.

Some other notable estimate estate tax breaks, versus corresponding cuts:

• Cox family (Cox cable TV) receives $9.7 billion tax break while education would get $1.5 billion in cuts


• Nordstrom family (Nordstrom dept. stores) receives $826.5 million tax break while Community Service Block Grants would be eliminated, a $630 million cut


• Ernest Gallo family (shitty wines) receives a $468.4 million cut while LIHEAP (heating oil to poor) would get a $420 million cut

See more stories tagged with: media, estate tax, tax cuts, brittany spears

Matt Taibbi is a writer for Rolling Stone.

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