By Anthony McClean, Editor In Chief Emeritus NEW HAVEN (BASN) —...
Wrong Magic Stop Soaking The Rest Of Us
STOP SOAKING THE REST OF US
“YOU’RE DOING THE RIGHT THING MAGIC”
That’s what The Rich do
they SOAK the rest of us
while convincing us we
are SOAKING them
looks like Magic has
been hanging out with too
MANY Rich White Guys
Drinking the KOOLAID
The latest Con Game comes with a term worth remembering apparently not new but well hidden until recently and the hedge fund abuses recently exposed. It is called CARRIED INTEREST. Of course it is a meaningless term meant to cloak its REAL purposes. It’s REAL purpose is to allow the Rich most of all the SUPER Rich to run a “legal” (sic) Tax Scam.
And what a SCAM it is
It allows hedge fund and other investment fund executives to reap millions often hundreds of million in annual income and NOT declare it as INCOME so they don’t have to pay the 35% INCOME tax on such outrageous income. Instead they declare it CARRIED INTEREST which means all that INCOME gets taxed at the capital gains rate which is 15% or 20% less and millions of dollars less.
Try that on your INCOME
you’ll end up with BIG penalties
maybe even in JAIL because
you aren’t one of the Super Elite
AKA America’s Ruling Class
as you already know or
SHOULD there are TWO
sets of rules in America
ONE for the Powerful
another for the rest of us
often referred to in private
So what does this have to do with Magic Johnson even more mysteriously with Sports. What’s going on Black Box. Listen up Readers it has Everything to do with Magic and with Sports. Magic has just come out publicly in favor of continuing this ABUSE which certain members of Congress are trying to end.
Magic thinks its good for
America and Black Folk
the same way Thomas Jefferson
thought SLAVERY was
good for Black Folk
Looks like Magic’s
back on the Plantation
living in the Big House
Magic is a leader of a new group named Access to Capital Coalition composed of “minority” business people OPPOSED to these Rich Americans having to pay INCOME tax on their INCOME. Magic argues it would “discourage investment in neglected areas.” Don’t ask why because there is no logical reason.
The implied reason is that IF the Super Rich have to pay their FAIR share of I NCOME taxes they WON’T invest in Inner Cities.
WELL GUESS WHAT MAGIC THEY DON’T NOW. Rich White Guys ONLY come into Black communities when they see an opportunity to chase Black Americans OUT and “gentrify” formerly vibrant African American neighbors.
But let’s look at the
much LARGER issue
The argument of Magic and all The Rich White Guys in favor of this tax ABUSE is that in effect IF we force them to pay their legitimate INCOME taxes they will stop investing in America. They will take their money elsewhere where they can get away with all the ABUSE they like. For those of you who don’t know or have forgotten it’s called the SERF ECONOMY.
All of us who aren’t Rich the middle class and especially the poor must subsidize the rich with our labor and their taxes because 1) RICH people are SUPERIOR beings, and 2) RICH people have the POWER to do whatever they want.
Just as it was in the Middle Ages
when Serfdom ruled Europe
OK Black Box we get the Magic connection but how does this have to do with Sports. Listen up Readers, CAREFULLY VERY CAREFULLY this may change your life forever. Hear this.
EVERYTHING IS CONNECTED.
The very same White RULING Class mentality that controls our tax system and our government is the very same system and the very same people in many cases who CONTROL Sports in America and insure virtually NO Black ownership in Sports, very little Black management in Sports and a virtual absence of African Americans from many Sports and events like the Winter Olympics and the vast majority of the many NCAA Sports played in colleges across America.
As long as WE allow the SUPER Rich
to abuse us they will ABUSE every
aspect of life including Sports
and sadly with the support
of Black handmaidens
like Magic Johnson
one more thing
Magic Johnson is proving
when it comes to being a
FOOL there are both
White and Black FOOLS
and you are ONE Magic
Whenever you want to reach us with comments or better yet an idea for a topic for the Box ……. firstname.lastname@example.org
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