Sen. Benjamin Cardin's recent letter defending
Paul Hewson, aka Bono, exemplifies the worst characteristics of Wall Street, both for excess and tax evasion. He is the major financier of Spiderman, the most expensive and lavish show ever staged on Broadway. His hotel in
Ireland created a tax exemption in the early 1980's to help artists make a modest living in a small country. U2 used and abused this exemption to amass hundreds of millions of dollars, tax free. When the Irish government put a cap on the tax exemption on royalties in 2006, U2 promptly moved that portion of their business to a Dutch tax haven. So while Bono was getting access to many of the world leaders to pressure them to double their aid budget to 0.7 percent of GDP, he himself was not even paying basic taxes. He wants ordinary people like me to pay for the causes he berates world leaders for not embracing.
Ireland is now bankrupt, and there have been calls from some government ministers for Bono to pay his taxes so the country can keep hospitals and schools open. Those appeals have fallen on deaf ears, despite the fact that Bono and U2 have extensively traded on being Irish to engender fan loyalty.
While the myriad of causes Bono has taken up may seem contradictory, they are actually consistent. They all serve the purpose of either promoting U2 or giving Bono access to power at the nexus of celebrity and politics, usually both. The recent appointment of Michael Elliott as CEO of ONE demonstrates the point: He is not a poverty advocate, he has been a senior editor at Time magazine since 2001. Time named Bono its Man of the Year, gave the band tremendous coverage and even let Bono write editorial articles.
The ONE campaign is a lobbying group with no mandate or accountability, set up by a man who is not even a U.S. citizen. It has no relevant expertise on aid policy, let alone on the best interests of
As a federal worker awaiting the outcome of the debt ceiling talks to see where I will endure cuts and taxes, I am not amused by Senator Cardin's endorsement of Bono and ONE. As a registered Democrat and someone who voted for him, I expect him to condemn Bono's tax evasion and refuse to work with the ONE campaign any longer.