March 31, 2006

The great free-loader of the world...

Charlene and I were laughing over this: Noam Chomsky, by Peter Schweizer of the National Post (Thanks to Neo-Neocon)

.....One of the most persistent themes in Noam Chomsky's work has been class warfare. The iconic MIT linguist and left-wing activist frequently has 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%. He says the U.S. tax code is rigged with "complicated devices for ensuring that the poor -- like 80% of the population -- pay off the rich."

But trusts can't be all bad. After all, Chomsky, with a net worth north of US$2-million, 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.

Chomsky favours massive income redistribution -- just not the redistribution of his income. No reason to let radical politics get in the way of sound estate planning.

When I challenged Chomsky about his trust, he suddenly started to sound very bourgeois: "I don't apologize for putting aside money for my children and grandchildren," he wrote in one e-mail. Chomsky offered no explanation for why he condemns others who are equally proud of their provision for their children and who try to protect their assets from Uncle Sam. (However, Chomsky did say that his tax shelter is OK because he and his family are "trying to help suffering people.").....

Chomsky is the perfect lefty icon. He's made a career out of bashing America, while enjoying to the full all the freedom and prosperity and rights won at great cost by far better men than he. And bashing capitalism while using it to get rich.

And he wraps himself in a smug mantle of virtue because he is "trying to help suffering people." While all the while doing his best to prevent America and President Bush from actually liberating oppressed peoples and bringing them the same democracy and freedom that he's grown fat on.

Leftists: shabby frauds, all of them...

And there's this:

....Corporate America is one of Chomsky's demons. It's hard to find anything positive he might say about American business. He paints an ominous vision of America suffering under the "unaccountable and deadly rule of corporations." He has called corporations "private tyrannies" and declared that they are "just as totalitarian as Bolshevism and fascism." Capitalism, in his words, is a "grotesque catastrophe."

But a funny thing happened on the way to the retirement portfolio.

Chomsky, for all of his moral dudgeon against American corporations, finds that they make a pretty good investment. When he made investment decisions for his retirement plan at MIT, he chose not to go with a money market fund or even a government bond fund. Instead, he threw the money into blue chips and invested in the TIAA-CREF stock fund. A look at the stock fund portfolio quickly reveals that it invests in all sorts of businesses that Chomsky says he finds abhorrent: oil companies, military contractors, pharmaceuticals, you name it....

Shabby shabby shabby.....parasites. Tapeworms.

Posted by John Weidner at March 31, 2006 7:44 AM
Weblog by John Weidner