Tag Archive: Elite


Are The Clintons In The Top 1% Of The Top 1%?

 

 

 

” Live by the class-warfare sword, die by the class-warfare sword. The One Percenter argument that effectively painted Mitt Romney in 2012 as an out-of-touch patrician in a nation full of populists has boomeranged on Bill and Hillary Clinton in 2014, thanks in large part to Hillary’s own declarations of poverty and struggle. With Democrats paving the way two years ago to attacks on wealth, the Wall Street Journal’s Tim Hanrahan looks at financial disclosures and other public records and concludes that the Clintons aren’t just One Percenters — they’re among the top One Percent of the One Percenters:

  The nationwide level to make the top 1% of households in 2012 was $567,719, according to the nonpartisan Tax Policy Center,  a joint venture of the Brookings Institution and the Urban Institute. And the level for the top 0.1% was about $2.9 million, a bar the Clintons easily surpassed.

  The Tax Policy Center data stop there, at the top 0.1% — or the top 10% of the top 1% of Americans.

  Did the Clintons reach the top 1% of the top 1%, based on their 2012 income? A different measure offers a strong clue. The Tax Policy Center says that IRS data for 2011, the most recent numbers available, show 11,500 total tax returns with adjusted gross income over $10 million that year, out of 145 million total returns. So a $10 million adjusted gross income puts one in the top 0.007% of all tax returns, and the Clintons’ income was well above that — likely putting it into the top 1% of the 1%.

  The AP noted yesterday that the last public disclosure of the Clinton’s net worth was in 2012, when it ranged from $5 million to $25 million. That’s not exactly hereditary peerage level, but it’s far from “not truly well off,” let alone “struggling.” That’s apart from their earnings, which have surpassed the nine-figure mark over the last thirteen years; Bill Clinton by himself has made over $100 million just in speeches. Every speech either gives can be measured in multiples of annual average household incomes for Americans. For instance, two speeches at UCLA brought in more than 10 times the annual US household income, the Washington Post reported yesterday: “

 

 

Continued at Hot Air

 

 

 

 

 

 

 

 

 

 

 

Federal Agencies Spend Millions On First-Class Flights

 

You and your family fly this way , don’t you ?

 

 

” What can $4,367 buy? For one NASA employee, it bought a business-class flight from Frankfurt, Germany, to Vienna, Austria. Coach-class fare for the same flight was $39.

  The federal government spent millions of dollars on thousands of upgraded flights for employees in 2012 and 2013, paying many times more for business and first-class seats than the same flights would have cost in coach or the government-contracted rate.

  Premium travel reports from 14 federal agencies documenting the flights show these agencies alone spent an estimated $8.7 million on 1,903 upgraded flights in those two years. That was about $6.4 million more than the same coach and government-rate flights would have cost.

  The agencies spent $5.7 million in 2012, almost double the $3 million they paid for premium travel in 2013.

  One flight from D.C. to Hanoi, Vietnam, for an informational meeting cost $15,529 instead of $1,649, according to the agency’s 2012 report.”

 

 

Read it all but swallow your coffee first and put down the mug .

 

 

 

 

 

 

 

Binocular Bonanza

Bargain Hunting: Bushnell Fall Binocular Bonanza rebate

 

 

 ” If you’re thinking about picking up a new set of binoculars, now may be the right time. Bushnell is offering rebates on three of their lines of binoculars, for up to $75 back on a purchase. The rebate lasts through to the end of the year and covers a decent number of full-size binoculars. 

From the press release, “The rebate program is available to consumers who purchase an Elite, Legend Ultra HD or Trophy XLT binocular between October 1 and December 31, 2012. Bushnell is offering a $75 rebate on Elite binoculars, a $50 rebate on Legend Ultra HD binoculars and a $25 rebate on Trophy XLT binoculars.” “

  Daily Mail

   ” Ticket touts disgrace: Row upon row of empty seats… as tickets sent to foreign VIPs go on the black market
   Large areas of empty seats seen in stadia for the second day running
   London 2012 chairman Lord Coe reveals students and teachers are also being called in at the last minute ”

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” Troops, students and teachers are being drafted in to sit in the empty seats to prevent a repeat of the embarrassing scenes.”

Let’s face facts , whenever the “international” community is involved , corruption and unmet  expectations are the norm .