"We have a tax problem; we are not collecting enough tax revenue -- period," Porter approvingly quoted the University of Michigan's Jim Hines, who whined, "we are never going to finance what we need with corporate taxes." Picking up on this thread, Porter lamented that the United States is "the only advanced nation that does not have a value-added tax, which is similar to a sales tax and can raise lots of revenue." Apparently the $2.5 trillion raised in federal revenue each year just can't cut it, according to Porter and Hines.
Raise taxes on everyone. Eduardo Porter, business columnist for the New York Times, previously covered economics as a reporter but now uses his perch to display his mistrust of free markets in favor of government, most recently in his call for socializing health care, pensions, and education. His latest entry is a call for higher taxes on everyone, not just the affluent, in the name of funding still more government programs: "A Tax Bite Tailored To Help All."
Can you imagine a columnist writing "Grocery Stores and Profits, a Poor Mix?" Eduardo Porter's "Economic Scene" column for Wednesday's New York Times Business Day was similarly titled: "Health Care And Profits, A Poor Mix."
Porter, who previously covered economics as a reporter for the paper, showed his mistrust of the market to provide vital services like adequate health care and pensions, advancing his left-wing argument via a narrow 30-year-old study.
Eduardo Porter's column on the front of Wednesday's Business section of the New York Times explained how "America's Aversion To Taxes" was dooming the country, and urged Americans to be more like the overly regulated, bankrupt financial basket-case Italy, which enjoys confiscatory taxes and "the benefits of public health care," and a "more generous social safety net."
Liberal New York Times economics reporter turned left-wing editorial board member Eduardo Porter has published his first “Economic Scene” column, taking over from David Leonhardt, who is now Washington bureau chief.
Porter is known at Times Watch for his embrace of Occupy Wall Street and for calling Mexican media mogul Carlos Slim a "thief" and "robber baron" in a 2007 editorial -- before Slim loaned $250 million to the NYT Co. and became, in the words of Times publisher Arthur Sulzberger, "a very shrewd businessman with an appreciation for great brands."
The media and liberals tend to portray Americans as selfish Scrooges, only interested in their own gain - why else would taxes be unpopular? But America has shown its generosity time and again, and this Christmas season, new proof of it has emerged. A report from the Charities Aid Foundation America, the World Giving Index 2011, finds that the United States is the most generous country in the world.
The World Giving Index 2011 measures generosity on three levels: giving money as a percentage of income, giving time, and helping strangers. Only the United States ranked in the top 10 nations of the world in each category. Charities Aid Foundation director Richard Harrison praised American charitable giving: "This research confirms that when we look at giving in a rounded way, including the extent to which we volunteer and help strangers, America is the most generous country in the world. America is the only country that ranks in the top ten globally on each of these three perspectives, and this first place ranking should be seen as source of real pride for people across America."
Former New York Times economics reporter turned editorial board member Eduardo Porter is the latest Times staffer to declare that the leftists of Occupy Wall Street have it figured out: “Wall Street Protesters Hit the Bull’s-Eye.” Porter wrote: "Their complaint that the privileged few in the top 1 percent are getting a disproportionate share of the nation's prosperity, however, is spot on."
President Obama trusts America’s generous and compassionate nature, that our rugged individualism is tempered by a belief that we’re all connected. In his speech on budget reform on April 13, he celebrated "our belief that those who benefited most from our way of life can afford to give back a little bit more."
The president’s faith in Americans’ sense of common purpose is uplifting. But it does not fit the history of American budgetary politics.
I don’t just mean Tea Partiers’ revulsion at the government spending "our money," or Republican Paul Ryan’s Reverse Robin Hood gambit to cut trillions from spending on social programs in order to pay for a tax cut for the rich.
The budgetary policy of the United States has been the least generous in the industrial world for a very long time.
Contributing to Time Magazine's 2009 "Time 100" list, New York Times Publisher Arthur Sulzberger Jr. sucked up to Mexican media mogul Carlos Slim (who has coincidentally purchased 6% of NYT Co. shares and lent the company $250 million recently). After acknowledging Slim's investment in NYT Co., Sulzberger gushed:
Carlos, a very shrewd businessman with an appreciation for great brands, showed a deep understanding of the role that news, information and education play in our interconnected global society....As he spoke at our meeting, he conveyed the quiet but fierce confidence that has enabled him to have a profound and lasting effect on millions of individuals in Mexico and neighboring countries. Carlos knows very well how much one person with courage, determination and vision can achieve.
Geez. That slobbering is quite a change from the paper's attitude toward Slim less than two years ago, when Eduardo Porter labeled the Mexican mogul a thief and robber baron in an August 2007 editorial:
It's a Christmas tradition: Times Watch has selected its worst Quotes of the Year from The New York Times for 2007. Here's a sampling of the categories and some of the most bizarre examples of liberal bias. For all the quotes, plus the picks of our Times-dissecting judges for their "favorite" quote of the year, visit Times Watch.
Oh, Those Awful Conservatives
"Could adversity temper a jurisprudence that critics of the chief justice have discerned as bloodless and unduly distant from the messy reality of the lives of ordinary people who fail to file their appeals on time?" -- Supreme Court reporter Linda Greenhouse's August 1 "Supreme Court Memo," the day after Chief Justice John Roberts suffered a seizure at his house.
In his signed editorial today, "Campaigns Like These Make It Hard to Find a Reason to Believe," New York Times reporter turned editorial board member Eduardo Porter came out as a proud atheist and concluded with a bizarre comparison between Saudi Arabia's harsh rules against adultery and the GOP presidential fields' feelings toward gays.
"As I watched Mitt Romney tie himself into a constitutional knot as he argued that religion should provide a guide for public policy but not be used to choose a president, it made me suspect that all the candidates in the race -- Republican and Democratic -- must believe that I lack some essential virtue.