Yahoo Joins the Attack on Capitalism

Yahoo Joins the Attack on Capitalism

Yahoo Joins the Attack on Capitalism - Image courtesy: Yahoo

Yahoo is in lock step with the liberal propaganda machine which is trying to artificially create a class warfare battle prior to this year’s election cycle that would make Vladimir Lenin proud. The article in question is currently Yahoo’s lead story and features a photo of Euro Pacific Capital Marketing Director Andrew Schiff. The caption under his picture reads “Andrew Schiff makes enough to put him in the top 1%, but he says it’s not enough.” Underneath the scrolling articles is a group of five thumbnail captions, this caption is even more inflammatory stating “banker’s $350K pay not enough.” To show just how blatantly political Yahoo is being, the actual headline to the Bloomberg article is Bonus Withdrawal Puts Bankers in Malaise.

First and foremost, it’s nobody’s business what anyone in the private sector earns. As taxpayers we have a right to know what those who are employed by the government earn, after all, their salaries are the result of our labor.

Since Yahoo brought it up, let’s look at some truly ridiculous salaries:

Angus T. Jones became the highest paid child actor last year and now earns nearly as much as the aforementioned Andrew Schiff in every episode. That’s right, Jones earns a whopping $300K per episode of Two and a Half Men.

Think that’s bad? All six stars of the hit sitcom Friends earned $1 million per episode.

Socialist propagandists posing as journalists Chris Matthews and Keith Olberman earn more than $5 million per year.

How about liberalism’s favorite son Jon Stewart, he earns at least $1.5 million per year.

Warren Buffet who likes to pretend he’s a common man because his tax rate is only 15% while his secretary pays 36%. Buffet leaves out the fact that he is gaming the system by paying himself through capital gains on his estimated $39 billion net worth which is money that has already been taxed once while his secretary’s pay is earned income. Buffet is free to give more to the government but doesn’t, in fact, he owes over $1 billion in back taxes to the federal government but he wants to make sure YOU pay your fair share.

What about former presidential hopeful John Kerry? Not only is Kerry the richest member of Congress with a net worth of at least $167 million but he likes to manipulate the system to avoid paying his fair share too. Just last year, Kerry bought a new 76 foot yacht and registered the behemoth in Rhode Island avoiding about $500K in sales tax to his home state of Massachusetts as well as an annual tax of $70,000. Who’s not paying their fair share now Senator Kerry?

Postmaster General Patrick Donahoe rakes in $245K per year in salary for making sure the nation’s mail gets delivered. Donahoe isn’t even tasked with making a profit, he is simply asked to break even yet the US Postal Service continues to hemorrhage billions of dollars in red ink to the tune of $7 billion this year that the taxpayers will have to pick up the tab on.

Then there’s my favorite company Fannie Mae, which may be the worst company in American history. This company received more than $382 billion in assistance from America’s taxpayers (which was more than half of all the federal stimulus funds) without repaying a cent, yet, this company continued to shell out hundreds of millions of dollars in bonuses to their executives.

I don’t recall Yahoo or anyone else on the left being up in arms over Fannie Mae CEO Franklin Raines raking in his $90 million in bonuses while he ran Fannie Mae into the ground. How about Jamie Gorelick and her $26 million? Why don’t the SEIU and Occupy Wall Street cretins show up on their front yards in protest like they did the Bank of America CEO?

If the Occupy Wall Street (OWS) protesters had any intellectual honesty, they would be protesting in front of the homes of Rep. Barney Frank, Senator Chris Dodd - Fannie Mae executives: Franklin Raines, Daniel Mudd, Herbert Allison, Jamie Gorelick, and Michael Wilson as well as Freddie Mac CEO’s Dick Syron and David Moffett. These are the real culprits of the financial meltdown not “unbridled capitalism and companies making their own rules” as President Obama likes to insinuate.

Of course that will never happen. The SEIU, OWS, Yahoo and everyone else on the left are all engaged in waging a war against the American Dream and trying to replace it with Karl Marx’s. Most Americans thought that this war that ended more that two decades ago when communism fell, the problem is that we did not treat the socialist infection that had spread throughout American society. Until we fight and win this last battle, we will not be rid of the scourge that emanated with Marx.

Yahoo Joins the Attack on Capitalism

Screen shot of Yahoo's front page on 2/29/2012

About Todd

Todd Kinsey is a political consultant and conservative commentator whose articles have appeared in many leading publications, both print and electronic. His work has been cited by prominent media outlets such as the Wall Street Journal, the Washington Times, the Washington Post and U.S. Daily Review. You can contact him by email:
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