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Poor and StupidHow big government, big business, big media and big academia block your road to financial freedom- and tell you it's for your own good. |
THE RICH DON'T PAY ENOUGH OF NOTHING
Posted on 11/27/2006 08:26 AM | Link | Post Comment
Ben Stein interviews Warren Buffett, whom he describes as "one of the smartest men on the planet" (in his office, which Stein describes, as obliged by standard journalistic technique when talking about Buffett, as "unpretentious"). Here's the summary, a la Stein:
Put simply, the rich pay a lot of taxes as a total percentage of taxes collected, but they don’t pay a lot of taxes as a percentage of what they can afford to pay, or as a percentage of what the government needs to close the deficit gap.Huh? The "deficit gap" (which would seem to be a redundancy -- it's either a "gap" or a "deficit," but not both) is, by definition, an amount of taxes not paid by anyone. So how can the rich pay a disproportionately small percentage of taxes that nobody pays in the first place?
Thanks to Jameson Campaigne for the link.
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