It’s been said before that if liberals didn’t have double standards, they wouldn’t have any standards at all, and that’s no more visible in the stark contrast between the policies they advocate, and the lives they lead.Al Gore lectures us on global warming while his mansion results in a carbon footprint 20-times larger than the average home. Bernie Sanders can lecture us about the unfairness of wealth inequality – from his three homes. Barack Obama can rail against Wall Street as president, then charge them $400,000 per speech once he’s out of office.
The number of examples we could give are countless, but one recent example involving HBO’s “Last Week Night” John Oliver has an extra layer of irony to it. While he calls for higher taxes for the rich on his show, he’s personally benefited from a tax loophole created by none other than Donald Trump himself nearly half a century ago.
According to Real Clear Politics, John Oliver had his tax attorney set up revocable trusts for him and his wife to conceal a $9.5 million apartment the couple purchased.
Oliver then used a tax loophole ironically created by Trump himself in the 1970s when he lobbied the New York State legislature as a developer.Known as a “421-a” loophole, Oliver’s condo was only valued at $1.3 million to the city even though he paid $9.5 million and only had to pay a fraction of the normal amount of property tax.
In 2016, Oliver only had to pay $27,343 in property tax on his condo instead of the $66,390 he would have had to pay annually on the home.
The late night comedian has spent countless hours mocking conservatives in the U.S. and the U.K. for wanting to reduce the tax burden on hardworking individuals. Meanwhile, in the privacy of his accountant’s office, the hypocritical liberal wants just the same for himself.Who can blame the man? We’d probably all do the same if we were in his situation in regards to exploiting a legal loophole.
The only difference is that we wouldn’t claim the moral high-ground against everyone else who does the same.[Note: This post was written by Matt Palumbo. He is a co-author of the forthcoming book A Paradoxical Alliance: Islam and the Left, and can be found on Twitter @MattPalumbo12]