The Eagle may have landed, but the vultures are already circling over spaceflight taxes.
Big Tech billionaire and newly minted astronaut Jeff Bezos didn’t even have a full day to savor the success of the Blue Origin crewed mission before Democrats started virtue signaling and clamoring for taxes.
Lefty Democrats are lambasting Blue Origin founder Jeff Bezos over his “despicable” comments thanking Amazon employees and customers for financing his brief trip to space — and calling on the billionaire to pay his share of taxes here on Earth.
The show of appreciation by Bezos Tuesday to the workers and customers who “paid for all this” following his $5.5 billion flight did not dazzle the likes of Sen. Bernie Sanders (I-Vt.), Rep. Alexandria Ocasio-Cortez (D-NY) and Sen. Elizabeth Warren (D-Mass.).
“Am I supposed to be impressed that a billionaire went to space while he’s paid zero in federal income taxes some years and the workers at his company struggle to afford their medical bills, rent, and food for their kids?” Sanders tweeted. “Nope. It’s time to invest in working people here on Earth.”
Warren echoed that take, tweeting: “It’s time for Jeff Bezos to take care of business right here on Earth and pay his fair share in taxes.”
If only Bezos and his publication had supported President Donald Trump’s reelection bid. I am sure the founder of Space Force would have been far more supportive.
Senator Warren launched some pretty demanding tweets after the spacecraft landed.
‘Jeff Bezos forgot to thank all the hardworking Americans who actually paid taxes to keep this country running while he and Amazon paid nothing,’ she tweeted.
In a follow-up tweet, Warren urged Americans to sign her three-step plan to change the nation’s tax laws.
‘I’m pushing for three changes to our tax laws—a #WealthTax, a Real Corporate Profits Tax, and long-term funding for the IRS to go after wealthy tax cheats—to make billionaires & mega-corporations start paying their fair share,’ she wrote.
Bezos, Virgin Galactic’s Richard Branson, and Space X founder Elon Musk are innovators attempting to create a new mode of travel and open up new frontiers.
In the past decade, both publicly traded and private aerospace firms have risen into prominence with aspirations of commercializing the final frontier. These companies are ushering in a new era of space exploration and travel — one that is catalyzed by free market competition. Companies like Virgin Galactic and Blue Origin, along with Elon Musk’s SpaceX, are looking to make space exploration more affordable and accessible, as well as advance the progress of the human race.
“We are really just on the cusp of seeing the activity of commercial human space flight,” Commercial Spaceflight Federation President Karina Drees told Yahoo Finance Live. “Future generations are going to look at this moment as a pivotal moment for humanity when it comes to the expansion into space.”
However, before anyone can fully develop the business model, politicians are looking for ways to tax it.
A senior Democrat has proposed a new tax on commercial spaceflights, shortly after Jeff Bezos touched down Tuesday from his brief, high-profile jaunt to the edges of space.
Rep. Earl Blumenauer (D-Ore.), who is spearheading the effort, said rich space dilettantes should have to pay taxes for those flights, and noted special concern about the environmental impact of sending people into space on trips with no “scientific value.”
“Space exploration isn’t a tax-free holiday for the wealthy. Just as normal Americans pay taxes when they buy airline tickets, billionaires who fly into space to produce nothing of scientific value should do the same, and then some,” Blumenauer said.
The Eagle may have landed, but the vultures are already circling over spaceflight taxes.DONATE
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