Hollywood’s Crony Capitalists

Yesterday I wrote that the entertainment industry is full of greedy business people who have more money than they can possibly need. Most of them, rich Liberals, continually try to escape paying their fair share of taxes when it comes to funding our cash strapped state and Federal governments.

Fat cat movie moguls like Harvey Weinstein, Oliver Stone and Matt Damon were just cut another sweet deal with the passage of the American Taxpayer Relief Act of 2012. This budget agreement contained an extension of the current law that allows them to escape paying up to 15 million dollars in taxes per production if produced here in the U.S. rather than on foreign soil. Proof that it pays very well to have friends in high places in Washington.

These clever allies of the Liberal Democrats in Congress claim that these rich tax breaks are needed to bring film production back to the United States. Why, I ask, would those Hollywood fat cats outsource their film production to foreign lands in the first place? How unpatriotic. Is all they care about their bottom line? Are they no different than greedy Wall Street Bankers or other American corporations that send American jobs overseas?

I remember when John Kerry was running for president in 2004 he scolded American businesses that sent jobs overseas, calling them “Benedict Arnold companies.” I guess he was also talking about his friends in Hollywood, but forgot to include them in his criticism. The wealthy and well-connected people in the entertainment industry get special protection from their friends in Congress while many Americans are lucky if they can scrounge up a few dollars to see a movie. No wonder I don’t go to the movies much anymore.

Brutus

2 thoughts on “Hollywood’s Crony Capitalists

  1. The good ole boy system is alive and well in America and justice and ethics are dead along with good economics and common sense!

    • Paula,
      Justice and ethics are not completely dead, they are just not winning at the moment. Remember what Burke said: “When bad men combine, the good must associate; else they will fall, one by one, an unpitied sacrifice in a contemptible struggle.”
      –Edmund Burke (1729 – 1797)
      Despite the mischief going on in the nation’s capital I hope you have a good year Paula.
      Brian

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