Day By Day

Wednesday, May 30, 2012

You and Thee, but not for me

There is just something that bugs the hell out of the OC -- the smug, sanctimonious nature of those of the Entitlement Culture.  Especially those at the top of that feeding frenzy.  News today of the International Monetary Fund's head Christine Lagarde tells of how it's one set of rules for others and a special set for those who are the "leaders".
It was called her "Let them eat cake" moment. Now Greece will be saying: "Make her pay tax".

The IMF chief Christine Lagarde was accused of hypocrisy yesterday after it emerged that she pays no income tax – just days after blaming the Greeks for causing their financial peril by dodging their own bills.

The managing director of the International Monetary Fund is paid a salary of $467,940 (£298,675), automatically increased every year according to inflation. On top of that she receives an allowance of $83,760 – payable without "justification" – and additional expenses for entertainment, making her total package worth more than the amount received by US President Barack Obama according to reports last night.

Unlike Mr Obama, however, she does not have to pay any tax on this substantial income because of her diplomatic status.
The OC remembers Leona Helmsley who said that it was the "little people" who pay taxes, not her.   As for Lagarde -- nice work if you can get it.

Read the story at the Independent.

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