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April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review August 17, 2011 / 17 Menachem-Av, 5771

Warren Buffett, Coddled Billionaire

By Bernard Goldberg



http://www.JewishWorldReview.com | During my nearly three decades in network news, all at CBS, I came to realize that when it came to economic issues most reporters were hopelessly out of their depth. Or to put it another way, they were dumb as dirt. Most wouldn't know a capital gain from a mutual fund. But that never stopped them from pretending they knew what they were talking about.

I bring this up now because all three broadcast networks reported the big news that billionaire Warren Buffett had an op-ed in the New York Times in which he lamented the fact that he isn't being asked to pay enough in taxes. Buffett has said this many times before in all sorts of forums, but once something appears in the New York Times, it becomes official as far as so-called mainstream journalists are concerned, so they dutifully pay attention. And they paid special attention to this catchy part of Buffett's column: "My friends and I have been coddled long enough by a billionaire-friendly Congress," he wrote. "It's time for our government to get serious about shared sacrifice."

I agree. It is time that the government started to get serious about shared sacrifice. In fact, it's way past time. And guess who isn't sharing in the sacrifice. Try, the bottom half of workers in America, who pay no federal income tax at all.

But that didn't stop Diane Sawyer from actually telling her viewers that, "working men and women" — a reference to anybody who isn't rolling in dough — "pay the most taxes," even though that isn't even close to the truth.

And neither Ms. Sawyer nor anyone else bothered telling us that while Buffett makes an interesting point about how he pays taxes at a lower rate than his secretaries — a story I readily acknowledge is worth covering — the rich not only pay their fair share, they pay more than their fair share. None of the networks reported the other side of the story, which was outlined in a piece by David Logan of the Tax Foundation entitled "Warren Buffett's Call for Higher Taxes on the Rich Doesn't Fit the Facts."

Here's part of what Logan wrote:

"The United States currently boasts the most progressive income tax in the industrialized world. Meaning, our wealthy pay a greater share of the tax burden than do the wealthy in any other capitalist nation….

"In his op-ed, Mr. Buffett suggests that increasing taxes on the rich ensures that they pay their fair share. Perhaps, but while the top 1 percent of taxpayers earn 20 percent of the nation's income, they currently pay nearly 40 percent of the income taxes. That's a greater share of the burden than the bottom 90 percent combined (that's everyone earning under $100,000 by the way).

"Let's not forget that when the top marginal income tax rate was 70 percent in 1980, the rich paid 20 percent of all income taxes. Yet now, when the top marginal rate is 35 percent they pay twice that.

"Finally, while the tax burden on the rich has been growing, the burden on low and middle-income Americans has been shrinking. By most accounts, roughly 50 percent of American households pay no income tax at all. Indeed, the IRS will give out roughly $110 billion in 'refundable' tax credits this year to households that pay no income taxes.

"Contrary to Mr. Buffett's and President Obama's perceptions, America's wealthiest taxpayers are paying a disproportionate share of the income tax burden. Before we ask the rich to pay more, perhaps we should ask those who are paying nothing to contribute at least something to the basic cost of government."

Now there's a story real journalists ought to sink their teeth into. Nearly half of Americans — not all of them poor, by any calculation — have no skin in the game. They get to use interstate highways and are protected by the military and can go to the Smithsonian if they want — just like the super rich. But they don't pay for any of it. That's not news?

Oh, but that would make those network anchors who make millions of dollars a year look mean and insensitive. And who wants that? Not them, that's for sure. Portraying the poor and middle class as downright noble is good PR. And as any good public relations person knows … leave out anything that doesn't fit the storyline. And the storyline here is pretty clear: the rich are getting away with murder at the expense of the middle class and the poor.

So journalists gleefully took down what Warren Buffett had to say even though he left out all that inconvenient stuff about the real American freeloaders. That's not journalism. It's a lot closer to public relations — closer still to stenography.

Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.


Comment by clicking here.

JWR contributor Bernard Goldberg, the television news reporter and author of several bestselling books, among them, Bias, a New York Times number one bestseller about how the media distort the news. He is widely seen as one of the most original writers and thinkers in broadcast journalism. Mr. Goldberg covered stories all over the world for CBS News and has won 10 Emmy awards for excellence in journalism. He now reports for the widely acclaimed HBO broadcast Real Sports.

He is a graduate of Rutgers University, New Brunswick, New Jersey and a member of the school's Hall of Distinguished Alumni and proprietor of BernardGoldberg.com.


Previously:


08/11/11: Too Much Balance in the Media?
08/04/11: All Aboard the Crazy Train
08/01/11: Liberal Hate Speech
07/25/11: With All Due Respect, Go Fly a Kite
07/20/11: Who Is A ‘Natural Born Citizen’?
07/18/11: Guess Who's Not Paying Their Fair Share
07/12/11: Against More Taxes? You May Be a Terrorist!
07/11/11: Casey Anthony: The TV Show
07/06/11: Standards and Double Standards at MSNBC
06/29/11: Is Jon Stewart A Racist?
06/21/11: Let's Play the Race Card --- Just for Fun Of Course
06/20/11: Sarah Palin and Weiner's Weiner
06/03/11: Memo to GOP: Turn Mr. Obama into Mr. Yesterday
05/20/11: I Get Letters From People Who Should Be Locked Up
05/09/11: Is ‘Torture’ Ever Justified?
05/02/11: The Promiscuous Use of the R Word
04/19/11: The Man Behind the Million Dollar Smile
04/12/11: What's the Difference Between Libs in Politics and Libs in the Media?
04/08/11: An Idea Whose Time Has Come — and Gone
03/28/11: The Pundits Are Driving Me Crazy --- And You Thought Qadaffi Is Nuts
03/14/11: No Liberal Bias at NPR — Just Ask NPR
03/10/11: The media's frustration
03/01/11: Progressives Lost in Time . . .
02/23/11: The Lamestreams Strike Again --- This Time in Madison
02/03/11: You MUST Own a Gun --- Or Else!
01/20/11: It Was Horrible, I tell you … HORRIBLE!
01/11/11: Here We Go Again . . .
01/06/11: You Go, Oprah
12/28/10: A Year-Ender --- The MSM and Obama's Fall from Grace 12/14/10: Thank
Heaven for Rich People

12/02/10: The Phony Nobility of Wikileaks

© 2011, Bernard Goldberg

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