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DealBook » The Trade: TARP Move Is No Plus for Taxpayer | Jesse Eisinger of ProPublica says the Treasury Department isn't getting great bids on some investments in small banks, to the detriment of taxpayers.
That is how Robert Kennedy Jr. has chosen to respond to my book Throw Them All Out where I disclose the fact that a politically-connected solar company called Brightsource (of which Mr. Kennedy's firm is the largest investor) landed a sweetheart billion-dollar plus taxpayer-guaranteed loan.
Plus taxpayers won't have to pay paramedics to respond to people who should know better.
Plus taxpayers can check the numbers just as they'd do if they paid a preparer, he adds.
Plus, the taxpayer must waive any tax treaty benefits that might otherwise impact the IRS getting its money.
Plus, the taxpayers in this case would be tourists, not residents, since hotel rooms and other types of visitor spending within the three-mile zone would be charged fees that, over time, would pay off the project's debt.
Plus, having taxpayers pay every athlete's way will lead to uncomfortable questions like, "Why exactly are we paying synchronized swimmers?" which could mean significantly less synchronized swimming.
The cream of New York and DC society -- men like Jeffrey Leeds and Donald Graham -- and powerful donors to the Democratic and Republican parties -- John Sperling, Todd Nelson -- have gotten richer off the backs of these men and women, plus U.S. taxpayers.
The only definition that has been found to be completely consistent and free from anomalies and capricious results is "accrued income," which is the money value of the goods and services consumed by the taxpayer plus or minus any change in net worth during a given period of time.
That, of course, explains why he agreed to paying off his former employees — tossing in $32,000 of his own on top of the $100,000-plus in the taxpayers' money — and why he quit as Democratic leader in Brooklyn.
