In a recent interview with CNN's Piers Morgan, left-wing documentary filmmaker and Occupy Wall Street supporter Michael Moore vehemently denied being part of the "1%." The assertion was beyond belief, however, given his documentaries' wild success. Now, Moore has admitted to being part of the 1% in a self-penned blog-post titled "Life Among the 1%."
Now the director of “Capitalism: A Love Story” and other documentaries has come clean and admitted that he is indeed among the nation’s wealthiest citizens, but without providing details of just how rich he is.
In a post titled “Life Among the 1%” on his blog “Open Mike,” Moore recalls how he made his first millions when he sold the distribution rights to his 1989 breakthrough hit “Roger & Me.”
At the time of his $3 million windfall, Moore says he was just getting by on unemployment payments of $98 a week.
Below is a breakdown of how Moore claimed he spent his then-new-found fortune:
So I made some easy decisions back in 1989:
1. I would first pay all my taxes. I told the guy who did my 1040 not to declare any deductions other than the mortgage and to pay the full federal, state and city tax rate. I proudly contributed nearly 1 million dollars for the privilege of being a citizen of this great country.
2. Of the remaining $2 million, I decided to divide it up the way I once heard the folksinger/activist Harry Chapin tell me how he lived: "One for me, one for the other guy." So I took half the money -- $1 million -- and established a foundation to give it all away.
3. The remaining million went like this: I paid off all my debts, paid off the debts of some friends and family members, bought my parents a new refrigerator, set up college funds for our nieces and nephews, helped rebuild a black church that had been burned down in Flint, gave out a thousand turkeys at Thanksgiving, bought filmmaking equipment to send to the Vietnamese (my own personal reparations for a country we had ravaged), annually bought 10,000 toys to give to Toys for Tots at Christmas, got myself a new American-made Honda, and took out a mortgage on an apartment above a Baby Gap in New York City.
4. What remained went into a simple, low-interest savings account. I made the decision that I would never buy a share of stock (I didn't understand the casino known as the New York Stock Exchange and I did not believe in investing in a system I did not agree with).
But, as Newsbusters' Noel Sheppard points out
After all, in 2005, Peter Schweizer in his book "Do As I Say (Not As I Do): Profiles in Liberal Hypocrisy" included a copy of Moore's schedule D from one of his tax filings showing that the schlockumentarian at one point owned almost 2,000 shares of Boeing, nearly 1,000 shares of Sonoco, more than 4,000 shares of Best Foods, more than 3,000 shares of Eli Lilly, more than 8,000 shares of Bank One, and more than 2,000 shares of Halliburton.
Meanwhile, a look at The Blaze's earlier report on October 13, reveals that Moore actually has a net worth of a staggering $50 million.
To refresh, below is the clip and partial transcript of Moore denying he is part of the 1%. Note just how many times Moore says: "No, I am not."
Morgan: You’re in the one percent, right?
Moore: I’m not in the one percent, no. But I am–
Morgan: Probably .2 percent?
Moore: No, I am not.
Morgan: You’re one of the most successful film makers in the country.
Moore: No, I am not. For a documnetary film maker, I do very well.
Morgan: I need you to admit the bleeding obvious. I need you to sit here and say, ‘I’m in the one percent.’
Moore: Well I can’t, because I’m not.
Morgan: You are though.
Moore: No, I’m not.
Morgan: You’re not in the one percent?
Moore: Of course I’m not! How can I be in the one percent?
Morgan: Because you’re worth millions.