Rolling Stone ProPublica Investigation Proves Billionaires Won the Class War
The public-interest news organization has obtained tax information on the wealthiest Americans, and how little they pay the IRS
By Dennis Van Tine/MediaPunch/IPx/AP; Wil R/STAR MAX/IPx/AP; Nati Harnik/AP
Anyone living in America knows that billionaires don’t pay their fair share in taxes. But extraordinary new documents obtained by ProPublica prove it in never-before-seen detail. The public-interest news organization has secured a massive trove of private tax information about some of the richest people in America, including Amazon founder Jeff Bezos, magnate and investor Warren Buffett, Tesla CEO Elon Musk, Microsoft co-founder Bill Gates, Facebook’s Mark Zuckerberg, and right-wing media mogul Rupert Murdoch. The documents trace how these men pay paltry sums in federal income tax, even as the value of their equity holdings soars by the billions.
Trump, being Trump, naturally blamed Hillary.
“If you want to change the laws, you ve been there a long time, change the laws,” he replied. “But I take advantage of the laws of the nation because I m running a company.”
Amazon, one of the biggest companies in the world, reportedly has not paid federal taxes in recent years. Neither have FedEx, Nike, and other major corporations.
So now, Joe Biden is doing the very thing Trump suggested – changing the laws so corporations and billionaires can’t keep shirking their financial obligations. But Republicans, who profess love for the working man, are loudly opposed to Biden picking on the poor rich.
Meet the man who will succeed Warren Buffett at Berkshire Hathaway
Updated on: May 3, 2021 / 6:33 PM / CBS/AP Berkshire Hathaway loses $50B in first quarter
Warren Buffett said that Greg Abel, a top lieutenant of his for many years and an energy executive, will succeed him as the next CEO of Berkshire Hathaway, the insurance conglomerate that Buffett has run for more than half a century.
Buffett confirmed the succession plan Monday to CNBC after Berkshire Vice Chairman Charlie Munger let it slip during the company s annual meeting on Saturday. Buffett did not immediately respond to a request for comment from CBS MoneyWatch.