Tuesday, June 25, 2013

DONE: Crony Rahmaland Billionaire Queen Joins Obama Cabinet

The Senate has confirmed Chicago-based billionaire Penny Pritzker as new Commerce Secretary. She was an early and important source of money in Obama's first presidential campaign.

Pritzker is also on the Board of Directors of the Council on Foreign Relations. She serves as trustee of Stanford University. She's an advisory board member of Robert Rubin's Brookings Institution's Hamilton Project.

This, folks, is a major insider.

 Forbes lists her wealth at $1.7 billion. Her father co-founded the Hyatt  Hotel chain.

She apparently is of the view that only little people pay taxes. NyTi: reports:
Pritzker's family is renowned for finding ways to avoid paying taxes on its wealth. The Pritzkers were pioneers in using tax loopholes to shelter their holdings from the Internal Revenue Service.
Nothing wrong with tax loopholes. Mises, afterall, pointed out that capitalism breathes through loopholes, but don't expect Pritzker spending time at Cabinet meetings advocating tax loopholes for "the little people."

The confirmation vote was 97-1, with only Vermont Independent Senator Bernie Sanders voting against the confirmation.

1 comment:

  1. She shouldn't be Commerce Secretary because we shouldn't have a Commerce Dept.

    I could be mistaken, but I think there would be plenty of commerce happening without this bureaucratic monstrosity mucking things up. Abolish it. In fact, abolish about a dozen of these parasitic cabinet level departments and legalize the Constitution.