French economist Thomas Piketty has become a darling of the left for allegedly "proving" that, as paraphrased by Chris Giles at the Financial Times, "wealth inequalities are heading back up to levels last seen before the first world war." The Media Research Center's Julia Seymour has described Piketty as a "'rock star' of the far-left," an accurate assessment given praises heaped upon his book and especially his public policy prescriptions by the likes of Alternet and Vox's especially gullible Matthew Yglesias. Seymour also notes that Piketty's work has received a great deal of favorable notice in the establishment press, and that he has met "with the Treasury Secretary" and "(President) Obama’s Council of Economic Advisers."
Of course these "oligarch groupies," as Jeffrey Lord describes them, love him. Piketty favors an 80 percent tax on incomes above $500,000 and a progressive global tax on real wealth (i.e., after subtracting debt). The problem is that FT's Giles, having done a deep dive into the economist's data and spreadsheets, has found serious problems in the professor's work which nullify his conclusions.
The Washington Post’s Josh Hicks can’t be living under a rock, so his piece of the IRS’ postponement of their August furlough day is probably just fluff to fill space on the website. His August 8 story had no mention of the fact that the agency is under a congressional microscope from its past activities of targeting both conservative and progressive groups. This, along with the analysis done by NewsBusters’ Geoff Dickens, is another example of the news media giving the agency political cover.
Frankly, any interesting piece of news coming from the IRS should be about the scandal, especially since Hicks quotes Colleen Kelley, the president of the National Treasury Employees Union, who has a tenuous connection to the scandal itself. Last May, Jeffrey Lord at the American Spectator wrote that Kelley could be the “smoking gun” in the IRS scandal. She met with the president on March 31, 2010, and the alleged targeting began the next day. As Lord noted:
Jeffrey Lord at the American Spectator has reviewed the White House logs looking for a relationship between meetings listed there and the timeline found in the Inspector General's report on the targeting of Tea Party and conservative groups issued last Tuesday. Lord's work represents yet another example of alternative media scooping a lazy or negligent establishment press.
What Lord has found (single-page print version) is that President Barack Obama met with the President of the National Treasury Employees Union Colleen Kelley, on March 31, 2010. The NTEU is "the 150,000 member union that represents IRS employees along with 30 other separate government agencies." The Inspector General's report, blandly titled "Inappropriate Criteria Were Used to Identify Tax-Exempt Applications for Review," indicates that the IRS, in Lord's words, "set to work in earnest targeting the Tea Party and conservative groups around America" the very next day. Lord's work is a mandatory read-the-whole-thing item. Excerpts follow the jump (bolds are mine throughout this post):